International payment systems are increasing interchange rates from December 1.

Despite the increase in the interchange rate by international payment systems from December 1, the state-owned “Oschadbank” will continue to provide services to trading enterprises on the current preferential terms until the end of the year.

According to the bank’s press service, the deputy chairman of the bank’s board, Anton Tyutyun, noted that at the beginning of the war, Oschadbank canceled the acquiring commission for the first few months.

“Taking into account the numerous appeals of retail representatives and the needs of business during wartime, from December 1 until the end of the current year, the current commission of 1.3% for receiving payments remains for clients of Oschadbank,” the message says.

“Now we are leaving the current preferential tariff unchanged. This gives the bank the opportunity to continue business development and provide a stable level of non-cash payment services,” Tyutyun said.

help: Interchange is a fee that the bank that serves the point of sale (acquirer) transfers to the issuing bank, whose card was used to make the payment.

Acquiring is an opportunity for a trading company to accept cashless payment for goods and services with plastic cards.

Payment by cards during the war:

In March 2022, immediately after the Russian invasion, Ukrainians were urged to pay for purchases with bank cards in the VP.

On March 18, 2022, Ukrainians were told where to turn if the store does not accept payment by card.

In May 2022, “PrivatBank” announced that it would give part of the money from card payments abroad to the ZSU.