Card Acquiring Services

Definition
Settlement of FX for cardholders using international cards to check out at «First Sino Bank» merchants, draw cash at designated «First Sino Bank» savings branches or use card to pay for shopping at POS. Two types of acquiring services: 1. cash advance at ATM or «First Sino Bank» outlets; 2. POS acquiring in which the cardholders use card to settle bill at «First Sino Bank» merchants.
Price
Fees: use FX cards at check-out: minimum 4% of the transaction amount;
Cash advance at ATM: USD 2.25 each withdrawal;
Cash advance at «First Sino Bank» outlets: 3% of the amount drawn.