Terms & Conditions (*)

SBI offers merchant acquiring services at attractive rates to its existing as well as new customers. Salient features are as follows:

  • Cost of terminal is borne by the bank.
  • No monthly rental for installation of PSTN terminals.
  • Nominal monthly rental is charged for installation of desktop GPRS and Portable GPRS terminals.
  • Flexible pricing options - Merchant has the option of selecting between the differential and integrated rates best suited for their business.
  • Special merchant benefit plans are also available based on the volume of transactions on SBI POS terminals.
  • All charges as per the Merchant Establishment Agreement signed by you with the bank shall apply.
  • Presently, there are no installation charges for any location or type of business.
  • All charges are excluding taxes. Service Tax & VAT shall be levied as per geography.

*Conditions Apply

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