The Bank is supervised by Central Bank of Armenia

In case of any inconsistency between the information published in Russian and English, you need to be guided by Armenian version.
"AMIO BANK" CJSC is not liable for the accuracy of the content of any linked websites, as well as for the advertisements and possible consequences resulted from the use of information provided on the linked websites by the third parties.
Neither is "AMIO BANK" CJSC liable for the accuracy of the content of information linked on the websites of third parties about the terms and fee schedule for the services rendered by the Bank.

© 2026 "AMIO BANK" CJSC
License of the Central Bank of Armenia #40 issued on 10.12.1991
AMIO BANK is the legal successor of ARMBUSINESSBANK.

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AMIO Pay mPOS

Cash register / POS terminal 

vPOS Terminal

POS Terminal

Become Premium

Premium

**Service Description** - Acceptance of cashless payments through vPOS terminals.

**Fee for Provision of Physical Terminals** - 0 AMD

**Terminal Provisioning and Activation Period ¹** - 9 business days

¹After approval of the application, including the integration and testing stages.

**Monthly Service Fee** - 	0 AMD

**Additional Terms for the Monthly Service Fee in Case of Multiple Terminals** 

- If a customer has more than one terminal, the service fee is calculated based on the total aggregate turnover of all terminals.
- f the total turnover of the terminals meets the aggregate minimum thresholds, no service fee is charged, regardless of whether individual terminals have recorded transactions.
- If the total turnover of the terminals does not meet the aggregate threshold, the service fee is charged only for those terminals that have not met the minimum turnover threshold.

**Application Review Period** - 2 business days ²

²If additional documents/information are required, the timeframe may be extended.

**Terminal Provisioning Location** - Bank branches and the “Nalbandyan” Service Center / Online

**Penalties and/or Fees Charged for Early Termination of the Agreement During the First Year of the Agreement** - AMD 2,000,000 penalty

Conditions

Fees are determined based on monthly cashless turnover and the business sector.

Monthly Cashless Turnover of AMD 8 Million or More

Supermarkets, Hotels, Restaurants

Fast-food outlets / self-service

Car sales / auto service

Car Rental

Household Appliance Retail Chains/Outlets

Electronic Money

Travel Agencies, Airline Ticket Sales

Jewelry / Precious Stones / Watches Manufacturing and Sales

Casinos, Games of Chance, and Betting

Fuel Sales, Gas/CNG Filling Stations and Petrol Stations

Taxi Services, Railway Ticket Sales, Urban and Intercity Transport

Delivery Services

Sports Clubs

Telecommunication Services (Telephone, Internet, Television), Utility Bill Payments (Gas, Electricity, Water Supply and Sewerage, etc.), Banking Services

Sales of Other Goods and Services

ArCa/Visa/Mastercard Cards Issued by Other Banks in RA

ArCa/Visa/Mastercard Cards Issued by International Banks

Business Activity

Fees and Commissions | Table 1

Monthly Cashless Turnover of AMD 3–8 Million

Fees and Commissions

Fees and Commissions | Table 2

Monthly Cashless Turnover of Up to AMD 3 Million

Fees and Commissions | Table 3

In accordance with CBA Resolution No. 27-N, preferential terms have been established for businesses with an annual turnover not exceeding **AMD 150 million.**

1.	Transaction and Service Fees
- Transactions with ArCa cards: maximum 0.5%.
- ransactions with Visa and Mastercard cards issued by banks in the Republic of Armenia: maximum 0.9%.


**Minimum Fee.** If the total monthly turnover of transactions conducted through POS terminals does not exceed **AMD 50,000,** the maximum monthly amount of all service fees charged shall be:
- In Yerevan: AMD 4,600
- In regional cities: AMD 3,000
- In villages: AMD 1,000

These preferential fees apply to points of sale operating in the sectors specified in [Appendix 1.](https://static.amiobank.am/files/cms/Appendix_1_Appendix_1_POS_ENG_a6b344c19c.pdf)

Legislative Limits 

If the average monthly cashless turnover actually processed through the terminal at the point of service over the preceding 3 months exceeds the applicable tariff threshold, the Customer may apply to the Bank to have the tariff reviewed.

If the average monthly cashless turnover processed through the terminal over the preceding 3 months decreases and no longer meets the applicable tariff threshold, the Bank may review the tariff and adjust it in accordance with the tariffs applicable to the actual turnover.


Tariff Review

**Terms, Timeframes and Fees for Opening and Maintaining Bank Accounts, and for Providing Statements, Copies Thereof, Certificates and Other Information** - In accordance with [the tariffs for services provided by “AMIO BANK” CJSC](https://static.amiobank.am/files/cms/sakagnyer_ryez_ENG_25_09_26_2fb1398b4f.pdf) to resident legal entities and individual entrepreneur customers.

Other Terms, Timeframes and Fees

- Application Form
- For an individual entrepreneur: identification document; for a legal entity: identification document of the duly authorized representative (in case of an authorized representative, also a power of attorney)
- State Register Certificate and Charter
- VAT return for the latest reporting year
- For POS, Cash Register/POS, and mPOS: photos of the point of sale (exterior, interior, products/services)
- Business Activity Classifier (if not included in the certificate)
- Six-month statement for POS, Cash Register/POS, mPOS, or vPOS issued by another bank (if the Customer has been serviced by another bank)

**List of documents required for opening accounts if the applicant is not a Bank customer:**

[Business Account Opening and Servicing | AMIO  BANK](https://www.amiobank.am/en/business/all-services-business/business-accounts/opening-accounts?utm_source=chatgpt.com)

Required Documents

**Prohibitions and Restrictions** - In Case of Cryptocurrency Transactions via vPOS:
- AMD 12,500,000 penalty for each violation
- Penalty equal to 40% of the turnover

**Restrictions on the Provision of Internet Acquiring Services**
1. Criminal and Illegal Activities
2. Sale of Prohibited Goods and Services
3. Copyright and Intellectual Property Rights Infringements
4. Any Other Activities Prohibited by the Bank’s Internal Legal Acts in the Field of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)

**Grounds for Rejection of an Application for Installation of a POS Terminal at a Point of Sale** - The Customer’s business activities partially or fully fail to comply with the requirements established by ArCa, Visa, Mastercard, the Central Bank of the Republic of Armenia (CBA), and the Bank’s internal legal acts.

**Technical Maintenance and Software Updates**
1.	**Maintenance:** The Bank ensures the uninterrupted operation of the device and performs the necessary software updates. 
2.	**In Case of Malfunction:** In the event of any malfunction of the terminal, the Customer is required to notify the Bank within 1 business day. 
3.	**Prohibition:** The Customer is prohibited from repairing the device or making any modifications to its software or hardware independently or through third parties. All such work shall be performed exclusively by the Bank.


**Compensation Procedure in Case of Terminal Damage**
1.	**Full Liability:** The Customer is responsible for the loss, theft, or damage of the device (e.g., liquid ingress, impact, burning, etc.). 
2.	**Compensation**: In the event of loss or irreparable damage to the device, the Customer shall pay the full value of the device in accordance with the Bank’s tariffs and/or the Agreement. 
3.	**Repair:** If the damage can be repaired, the Customer shall reimburse the repair costs.


Additional Terms and Conditions

**THE CUSTOMER HAS THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION IN THE WAY HE/She PREFERS: BY POSTAL OR ELECTRONIC. RECEIVING INFORMATION ELECTRONIC IS THE MOST CONVENIENT. IT IS AVAILABLE 24/7, FREE FROM THE RISK OF LOSS OF PAPER INFORMATION AND ENSURES CONFIDENTIALITY.**
- For the purpose of due diligence of the customer as defined in the RA Law “On Combating Money Laundering and Financing of Terrorism”, the Bank may request additional documents or other information from the borrower based on the “Know your customer” principle, as well as ask additional questions to the borrower during oral communication (if such a request exists), 
- In accordance with the agreement signed with the USA based on the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine whether the borrower is a US taxpayer, 
- In accordance with the requirements of the RA Tax Code and the “Common Reporting Standard for Automatic Exchange of Financial Account Information” (CRS), the Bank may collect and transfer certain information on the accounts and tax residency of non-resident customers to the RA State Revenue Committee. In case of failure to provide the required information to the Bank, the Bank will be forced to refuse (suspend) transactions with the borrower's financial accounts in accordance with the requirements of the Tax Code of the Republic of Armenia, with the exception of transactions involving the transfer of funds belonging to the borrower to an account opened in the borrower's name at another financial institution or the provision of funds to the borrower in person.
- You can find details about remote banking services via the following link: [Remote Banking | For Business | AMIO BANK](https://amiobank.am/en/business/all-services-business/online-services)


ATTENTION

- Accept online payments 24/7
- Secure and fast transactions through protected systems
- Easy integration with your website or app
- Competitive fees
- A simple and convenient payment process
- Free consultation and technical support

Why Choose AMIO Bank’s vPOS

Solution - Online Acquiring

Integrates with your website or app. The integration guide is provided after the agreement is signed.

AMIO Bank’s vPOS is a virtual payment solution that integrates with your website or app, enabling you to accept cashless payments with Visa, Mastercard and Arca cards.

It operates entirely online, without a physical device.

Complete the online application form, and our specialists will contact you within 1–2 business days to explain the terms and assist you with the setup process.

How to Apply