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VTB clients can manage merchant acquiring online

VTB clients can manage merchant acquiring online

VTB launched connection of merchant acquiring in Internet and mobile banks for business. Small and medium-sized businesses, including individual entrepreneurs, can complete the service remotely, track all acquiring transactions online, and also use analytics to assess the performance of retail outlets.

As EastRussia was informed in the press service of VTB, to connect acquiring, a client just needs to fill out an application in the VTB Business Internet Bank or VTB Business Lite mobile application. In the application, you must indicate information about the company and the outlet (address, equipment model, number of terminals, etc.). The system will automatically propose the optimal service rate, taking into account the business area, planned turnover and other data.

In Internet and mobile banks, entrepreneurs have access to reports on acquiring transactions per day, week or month. Customers can subscribe and receive such reports by email. The service also allows you to send an application to correct the operation in situations where it is not possible to make a refund to the buyer at the terminal.

VTB acquiring users get access to an analytical platform that allows them to track business performance at the point of sale level and analyze performance. Entrepreneurs can see statistics on the average bill, the volume of purchases spent at the point of sale per month, the distribution of purchases by hours and days of the week, as well as the average spending by industry based on aggregated data on transactions using cards of the international payment system MasterCard. You can get access to the analytical platform on the VTB Business Internet bank.

According to the head of the department for analysis, coordination and product development - senior vice president of VTB Yulia Kopytova, the new service will significantly save clients' time and labor costs. Now merchants can order acquiring without visiting the office in a few clicks and quickly start accepting payments at their points of sale, while receiving information and statistics that are important for business development and management. At the same time, VTB is one of the leaders in the acquiring market. Since the beginning of 2021, the bank's turnover in this area in the medium and small business segment has grown by 27%.


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