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Bank of Russia · Launched 2019
Russia's central-bank instant payment and QR system, with merchant fees capped well below card rates by the regulator.
A scheme- or regulator-set rate, or a widely reported figure. Source: Bank of Russia capped SBP merchant fee.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a RUB 100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Russia | 0.7% | RUB 0.70 | 0.70% | 22 Feb 2023 | Reported rate |
Every recorded change, newest first, with the movement from the rate it replaced.
In Russia, on the online channel: 0.7%, in force since 22 Feb 2023 (reported rate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: Russia. A market missing from the list has not been recorded yet, which does not mean SBP (Faster Payments System) is unavailable there.
It is recorded as instant. Actual timing can depend on cut-off times and on the receiving account.
Not through a chargeback: it has no chargeback process, so a payment is hard to reverse once sent. Check who you are paying before you confirm.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
