Merchant Services

Accept payments anywhere — in-store, online, or on the go. Fast settlement, low rates, and full SEPA Direct Debit integration for Cyprus businesses.

1.49%

Processing rate from

Next Day

Settlement to CUSB account

36

SEPA countries accepted

24/7

Merchant support line

Payment Solutions for Every Business

Whether you run a café in Limassol or an e-commerce store shipping across Europe, we have a payment solution for you.

🖥️

Countertop POS Terminal

From 1.49% per transaction

Professional countertop terminal for retail, hospitality, and service businesses. Accepts chip & PIN, contactless, and mobile wallets.

  • Visa, Mastercard, Amex, UnionPay
  • Apple Pay, Google Pay, Samsung Pay
  • Contactless up to €50 no-PIN
  • Receipt printer built-in or wireless
  • 4G + Wi-Fi connectivity
  • Multi-currency DCC option
Get a Terminal →
📱

Mobile Card Reader

From 1.65% per transaction

Compact Bluetooth reader pairs with your iOS or Android device. Perfect for market traders, delivery drivers, and field service businesses.

  • No monthly fee — pay-as-you-go
  • Pairs with CUSB Merchant app
  • 10-hour battery life
  • Chip & PIN + contactless
  • Instant digital receipts via SMS/email
  • Real-time sales dashboard
Order Reader →
🌐

Online Payment Gateway

From 1.75% + €0.25 per transaction

PCI DSS Level 1 certified payment gateway for your website or mobile app. Supports 3D Secure 2.0 and 150+ currencies.

  • Hosted payment page or API integration
  • 3DS2 strong customer authentication (SCA)
  • Saved cards / one-click checkout
  • Recurring billing and subscriptions
  • Fraud scoring on every transaction
  • WooCommerce, Shopify, Magento plugins
Integrate Gateway →
🔄

SEPA Direct Debit

From €0.20 per mandate

Collect recurring payments from customers across 36 SEPA countries automatically. Ideal for subscriptions, memberships, and B2B billing.

  • Core and B2B SEPA DD schemes
  • E-mandate sign-up — no paper forms
  • Automatic retry on failed collections
  • Pre-notification to customers via email
  • IBAN verification before first collection
  • Full mandate management dashboard
Set Up Direct Debit →
💳

Virtual Terminal

From 1.85% per transaction

Take card payments over the phone or by mail order using any computer — no hardware required. MOTO-certified and PCI compliant.

  • Browser-based — no software install
  • Accepts all major card networks
  • Manual card entry with CVV verification
  • Batch payment upload via CSV
  • Instant email receipts
  • Multi-user access with role permissions
Start Now →
🔗

Payment Links

From 1.75% per transaction

Generate a payment link in seconds and share via WhatsApp, email, or SMS. Your customer pays securely — no website needed.

  • Create links in Business Banking or app
  • Custom amount or open-amount links
  • Branded payment page with your logo
  • Expires automatically after 30 days
  • Instant notification on payment received
  • QR code version for print & display
Create a Link →
Total Amount
€ 47.50
Tap, Insert or Swipe Card
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Smart POS. Smarter Business.

  • Accepts all major cards and digital wallets
  • Multi-language display including Greek and English
  • Real-time transaction reporting in Business Banking
  • Split payment by table or by item for hospitality
  • Tips and gratuity support built-in
  • Refunds and voids processed instantly
  • Tamper-evident hardware, PCI PTS certified
  • Free replacement terminal if fault within 48 hours
  • Next-day settlement to your CUSB account by 9am

Transaction Rates & Fees

Transparent, interchange-plus pricing. No hidden fees. Monthly statements available in Business Banking.

Payment Method Rate Fixed Fee Monthly Fee Notes
Visa / Mastercard Debit (Countertop) 1.49% €15/terminal Contactless included
Visa / Mastercard Credit (Countertop) 1.75% €15/terminal Reward cards standard rate
American Express (Countertop) 2.20% Included OptBlue programme
Mobile Reader (all cards) 1.65% €0 (PAYG) Requires Merchant app
Online Gateway — Consumer Debit 1.75% €0.25 €25 Includes 3DS2
Online Gateway — Consumer Credit 2.00% €0.25 €25 SCA compliant
SEPA Direct Debit (per mandate exec.) €0.20 €10 Core & B2B scheme
Virtual Terminal / MOTO 1.85% €0.10 €15 No hardware needed
Payment Links 1.75% €0.20 €0 QR code included
Chargeback handling fee €15/chargeback Waived if merchant wins
Multi-Currency DCC 0% surcharge Included Margin built into FX rate

All rates exclude VAT at 19%. High-volume merchants (>€500K/year) qualify for bespoke pricing — contact our Merchant Services team.

Next-Day Settlement

Your takings clear to your CUSB Business Checking account by 9am the following business day.

D+0

Customer Pays

Transaction authorised in real time at your POS, gateway, or mobile reader.

D+0

Batch Close

Your terminal automatically closes the daily batch at 23:00 Cyprus time.

D+1

Funds Cleared

Net settlement (after fees) credited to your CUSB account by 09:00 next business day.

D+1

Statement Available

Itemised transaction report visible in Business Online Banking and Merchant Portal.

Works with Your Existing Tools

Native integrations and open API for your accounting and e-commerce platforms.

WooCommerce
Shopify
Magento
PrestaShop
QuickBooks
Xero
Sage
SAP Business One
Lightspeed POS
Square POS API
REST API (custom)
Webhooks

Don't see your platform? Our developer API supports any system. Contact our integration team.

Start accepting payments today

Terminal delivered within 3 business days. Online gateway live in 24 hours.

Talk to Merchant Services Apply Online
Cyprus Union Savings Bank is regulated by the Central Bank of Cyprus (CBC). Merchant services are subject to business eligibility assessment and CBC payment institution requirements. Rates quoted exclude VAT at 19% where applicable. PCI DSS compliance is the responsibility of the merchant for systems outside CUSB-provided hardware and gateways.