General information

• Mobile POS payment terminal is a facility of accepting by smartphone
   
• The activation of Mobile POS payment terminal is possible to make with smartphones with Android 8.1 and higher software, NFC enabled.
   
• Minimum turnover amount*
  If the monthly turnover realized through Mobile POS application is less than AMD 50,000, the monthly maintenance fee (taxes included) is AMD 1,000
  * the total of transactions executed through all POS terminals activated in the given TSP during the calendar month is taken as a basis for turnover
• POS terminal agreement termination fee (including taxes)
  In case of early termination of the agreement within one year after activating Mobile POS application, a monthly maintenance fee (taxes included) is AMD 10,000
   
• The service is available both for legal entity and PE clients.
   
• It is possible to accept payments with credit and debit cards (including with Apple Pay, Google Pay methods of payment) through the service.
   
• The process of activating the service by the bank usually lasts up to 5 (five) working days, but is possible to activate in shorter periods, which is subject to discussion between the trade/service point and the Bank.
   
• The rates of commissions charged by the Bank for non-cash transactions for the service are defined on a contractual basis according to the service points. Moreover, the Bank does not set a service activation fee.
   
• The bank serves the cards of the following payment systems:
  - Armenian Card (ArCa)
  - Visa International
  - Europay, MasterCard

You can get acquainted with the guidebook of servicing the payment cards of ARMECONOMBANK OJSC here

You can get acquainted with the information bulletin of POS terminals of ARMECONOMBANK OJSC here.

You can familiarize yourself with the current tariffs in the bank here