Life Pay Online Acquiring

Main article: Acquiring (processing)

2022

Integration with StoCRM

CRM system for car service and auto parts trading STOCRM has implemented in its functionality the ability to receive payment through the Fast Payments Service thanks to integration with LIFE PAY, which announced this on November 23, 2022. Read more here.

Internet Acquiring Presentation

cards Visa MasterCard banks It became possible to accept online payments and issued in foreign ones. The company LIFE PAY on October 20, 2022 presented - with an Internetacquiring interest rate of 8.5%.

After the disconnection of SWIFT from some Russian banks and the departure of foreign payment giants from the Russian Federation, the business faced economic realities: Visa and Mastercard cards issued outside the Russian Federation ceased to work in the Russian Federation. It became impossible to pay on the site with their help. Companies continue to suffer losses, especially those whose main customers were from other countries.

LIFE PAY has finalized a payment gateway that will allow you to accept payment with Visa and Mastercard cards issued in foreign banks on Russian websites. In order for the system to work, you need to connect online acquiring from LIFE PAY.

With this online acquiring functionality from LIFE PAY, the business acquires various scenarios for accepting payments online. On the site, in the online store or in the mobile application for customers, a payment form will be available with the possibility of choosing a payment method: Russian cards or cards issued abroad. In the first case, these are MIR cards from NSPK, as well as international payment systems Visa and Mastercard from Russian banks, which will continue to operate in Russia. The second includes Visa and Mastercard cards issued by foreign banks.

For a business that is fully focused on the international market, LIFE PAY allows you to set up the payment form in such a way that only foreign banks accept cards. This is especially true for those who plan to enter foreign countries and adapt a website or application for foreign users.

Also, payment can be made using a payment link, which is convenient to send to, messenger on mail or in. social networks This method does not require additional integrations with the site, the link can be created in the personal account of LIFE PAY.

To connect international acquiring from LIFE PAY, you do not need to open an additional account. The amount due is debited in the currency of the buyer's country, and comes to the seller's current account in rubles at the current Central Bank rate.

The interest rate from LIFE PAY per transaction is 9.5% for a business with a turnover of up to 500,000 rubles per month. If the company's turnover is higher than this amount, then the percentage decreases to 8.5%. For VIP clients with a large annual turnover on foreign cards, rates are agreed individually.

The disconnection of Russia from SWIFT was primarily felt by those market players who work with the sale of air and railway tickets, streaming and music services, software manufacturers, as well as online education. Now they will be able to return the pool of customers who could not pay in a way convenient for them.