Neobank Sphere: Acquiring

Main article: Acquiring (processing)

2020: Cancellation of fees for accepting card payments

Neobank 'Sphere' (the digital division of BCS Bank to work with small and medium-sized businesses) refuses the commission for acquiring services. The bank has introduced free tariffs for accepting card payments for all service packages to help enterprises cope with the consequences of the pandemic faster. BCS announced this on September 1, 2020.

The support is aimed at especially vulnerable categories of SMEs - small enterprises with a turnover of up to 100 thousand rubles per month. Preferential tariffs apply to all types of cards and payments.

During the crisis, many players reduced the acquiring commission, but in order to truly support entrepreneurs, much more decisive, game-changing measures are needed in the market. We have completely abandoned acquiring yields in addition to already one of the most comfortable tariffs for other services, "commented Igor Viryasov, executive director of Sphere.

The bank will hold the zero rate for as long as it needs to reach a steady recovery trend.

For us, the priority is the onboarding of the client on our digital platform. We want to help customers maintain stability and calmly reach profitability, and take over all financial issues. At "Sphere," the level of service and the quality of services allows you to create conditions for the client in which business does not need to spend time looking for more favorable conditions or solving technical problems - we provide everything necessary so that the entrepreneur can focus on business, - said Igor Viryasov.

Acquiring service packages are connected free of charge to all customers of the Sphere. They include remote request and collection of documents, departure of a specialist to sign an agreement the next day, setting up a service, integration with the bank's payment page and other opportunities. Payments are credited to the customer's account within one day.