The Bank offers its business customers innovative payment acceptance solutions, creating a fast, secure, and convenient environment for increasing sales and expanding the business.
The Bank offers its business customers innovative payment acceptance solutions, creating a fast, secure, and convenient environment for increasing sales and expanding the business.
Acba bank is:
a founding member of the ArCa payment system,
a full member of the Visa International payment system,
a full member of the JCB payment system,
a full member of the UnionPay payment system,
a full member of the MasterCard Europe payment system,
the exclusive representative of the American Express payment system in Armenia.
If your organization's payment card servicing is carried out by another bank, and you do not service any of the ArCa, VISA, MasterCard, American Express, JCB, or UnionPay payment systems, Acba bank, in cooperation with your servicing bank, will ensure the servicing of the above-mentioned payment systems.
The documents required for payment card servicing are:
if an individual entrepreneur has an account with the Bank, they must provide an identity document.
if a legal entity has a current (settlement) account with the Bank, it must ensure the presence of an authorized person with their identity document.
The list of documents required for opening an account.
For the purpose of proper customer due diligence as defined by the RA Law “On Combating Money Laundering and Terrorist Financing”, the Bank may, based on the “Know Your Customer” principle, require the consumer to provide additional documents or other information, as well as ask the customer additional questions during oral communication.
In accordance with the agreement signed with the United States based on the Foreign Account Tax Compliance Act (FATCA), the financial organization may collect additional information to determine whether you are a U.S. taxpayer.
Opening an account with Acba bank is not mandatory for activating payment card servicing by the Bank; you may also provide an account maintained with your primary bank. However, if you open an account, you can withdraw the funds received from payments into the account free of charge.
For technical issues, you can call 077 130-130.
Experienced team for servicing POS terminals.
Specially developed guides.
Installation of various types of POS terminals.
Simplified POS terminal installation process.
Free 24/7 technical support from experienced specialists.
Training for the organization's staff.
Receipt of funds credited to the account from payments within a maximum of four business days.
Free cash withdrawal of funds credited to the account from payments.
Free provision of statements on a monthly and/or weekly basis.
The payment card servicing service is activated within 10-15 days after the application is accepted.
For the purpose of servicing payment cards, a Bank employee provides the relevant technical and software support, as well as training for the organization's staff. They familiarize the staff with all the rules for operating the POS terminal and provide a card servicing manual and the logos of the cards being serviced.
The Bank also provides free subsequent maintenance and operation of the POS terminal. Each party has the right to unilaterally terminate the Agreement by providing the other party with written notice at least 30 (thirty) days in advance.
