Small E-Transactions Seen Costly by Banks

ٍEghtesadOnline: A review of the average fees acquiring banks must pay for transactions shows that small payment transactions add to their costs.

News ID: ۷۵۱۸۵۳

10 September 2022

Data released by Shaparak, the company in charge of the nation’s e-payment network, show that acquiring banks paid 98 rials per every 100,000 rials of transactions.

A precise review of the average value of transactions acquired by banks shows that banks with higher number of small transactions obviously have higher costs.