Merchants - how
to enable IPS?

  • 1
    Why is it important that you enable instant payments at your point of sale?
  • 2
    Costs of accepting instant payments and merchant fee
  • 3
    Safety of instant payments at point of sale
  • 4
    Accepting instant payments at brick-and-mortar points of sale
  • 5
    Accepting instant payments at online points of sale
2

Costs of accepting instant payments and merchant fee

Instant payments at points of sale are a much cheaper collection method for merchants compared to, for example, card payments. Low transaction processing costs and the price policy of the National Bank of Serbia ought to encourage even merchants with low margins and low average transaction value to offer this type of payment to their buyers.


Overview of costs and fees:


The acquiring bank has a processing cost of RSD 1 for transactions up to RSD 600 and RSD 2 for transactions over RSD 600. 

The acquiring bank pays to the issuing bank a multilateral interchange fee worth 0.2% of the transaction amount.


An example of the acquiring bank’s offer for the merchant:


IPSTransaction up to RSD 600 (IPS NBS)Transaction over RSD 600 (IPS NBS)Multilateral interchange feeMerchant fee
Transaction by the bank’s clients (on-us)RSD 0RSD 0/0.3 %
Transaction by other bank’s clients (off-us)RSD 1RSD 20,2 %0.5 %

We suggest that you request the offers of several acquiring banks and compare them in order to make a decision which is in line with your business policy and involves the lowest costs.