The tariffs of commission fees charged for cashless transactions by the Bank are set on contractual basis according to the service point. Moreover, no activation or service fee of the POS terminal service is defined by the Bank.

If the monthly turnover realized with the POS terminal (except for the Mobile POS application) is less than AMD 300,000, the monthly maintenance fee (taxes included) is AMD 3,000.

* 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.

• The monthly turnover of each Cash Register POS terminal provided by the Bank is less than AMD 600,000, service fee is charged by the Bank in the amount of AMD 6,000 for each Cash Register POS terminal.
• If the monthly turnover implemented with the POS terminal by trade and service point (the sum of transactions made with all POS terminals activated at the given trade and service point during the calendar month is accepted as a basis for circulation) is smaller than AMD 300,000, a service fee is charged by the Bank in the amount of AMD 3,000 per month, including the taxes. A cancellation fee of AMD 50,000 including taxes is charged for early termination of the agreement within 1 year after the installation (activation) of the POS terminal service.
• In case of not ensuring turnover of non-cash transactions performed by the POS terminal (except for ATM POS terminals) in the amount of at least AMD 900, 000 for 3 months, the Bank has the right to terminate the service contract of the POS terminal and stop the service of TSP.

In case of early termination of the agreement and/or replacement of the cash register within one year after activation with the bank-provided POS terminal or cash register, a monthly maintenance fee (taxes included) is AMD 50,000

In case of early termination of the contract and/or replacement of the Cash register POS terminal provided by the Bank within 3 (three) years after its activation a monthly maintenance fee (taxes included) is AMD AMD 180,000>

The bank provides necessary equipment for activating the service of POS terminals most appropriate for the activity with the right of temporary, free use (including Cash Register POS terminals).

After completing the process of POS terminal service activation, the Bank employee familiarizes the relevant employee of trade and service point with all the rules of operating the POS terminal and provides the manual of servicing the cards and the logotypes of servicing cards.

• After the activation of POS terminal service the Bank provides the papers of receipt with the Bank’s logo free of charge.
   
• It is possible to accept payments from any credit or debit cards issued by the bank and contactless methods of payment through POS terminal.
• 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.