Acquiring rates for sole proprietors

Yes, according to 54-FZ, all sole proprietors must use an online sales register for settlements with customers. Mentioned settlements include everything received from visitors or the store, cafe, or other type of establishment owned by the businessperson: both in cash or cashless payments.

After a transaction is processed, a sole proprietor must provide a receipt to the customer and send the data to the Federal Tax Service.

If a merchant accepts payments from other sole proprietors or legal entities in cash or via bank cards, they're legally obliged to set up a sales register.

The choice is determined by company's business area, mode of operation (stationary or on-site), flow of customers, and the extent of automation of processes. Businesses could use:

• A mobile terminal is an autonomous portable device with the most important features to operate and accept payments. It's suitable for couriers. It can fit into a hand or pocket of a jacket. It works for up to 12 hours, you can charge it by plugging it into an outlet at home or in your car or using a powerbank.
• A fiscal data recorder is a device which can be connected to the necessary peripherals: scales, a cash drawer, scanner, etc. It works in connection with a computer where sales register software is installed.
• A POS system is a complex solution, which includes all the necessary equipment: a computer, a terminal, a receipt printer, scales, a scanner, etc. It's designed for large retail businesses with high customer flows.
• A smart terminals is a new type of sales register equipment. It has a sensor screen, its own sales register program, and it supports installing additional software if necessary. For example, the system for marking or selling excisable products (EGAIS) which helps tracking how much of those products is supplied, sold, and discarded. Depending on the model, a terminal can also have an acquiring terminal for accepting online payments. It works autonomously, but you can connect it to scales, a scanner, or other additional devices to create a stationary workplace.

In Russia, you can use the models included into Federal Tax Service's state register. You must also set up a fiscal drive which is usually not included in the package and needs to be purchased separately. You also need a contract with a fiscal data operator.

YooMoney offers ready-made solutions: already including a fiscal drive and contract with a fiscal data operator. Our service will also help you with registration at the Federal Tax Service. You can enter into a contract online in your Merchant Profile, no need to visit any office.

You can compare the cost of ready-made solution and costs of each components separately. The second option is going to be more expensive and more difficult to implement, because different nuances need to be taken into consideration. YooMoney can pick the most optimal option. All you need to do is connect your equipment and start working. You can learn more about pricing plans for leasing the equipment and purchase costs on our website.

Ignoring legal requirements is going to lead to fines. Failure to set up and use sales register equipment is fined for 25-50% of the whole amount that has been earned with this violation, but not less than 10,000 rubles. A repeated violation, in case the total amount of settlements has reached 1 million rubles, is going to lead to the executive getting disqualified for 1-2 years or for the whole company's operations to get ceased for up to 90 days.

Using sales register equipment provides transparency of the turnover of products and services for the Tax Service and helps protect customers. Sales register equipment makes it faster to track the activity of companies which provide low-quality products and check if receipts received for payments are legal.

For the business itself, it adds to the range of payment methods. Payments can be accepted not only in cash but also via bank cards, online banking, and the Faster Payments System (SBP).

This equipment automates processes, allows keeping record of stock, apply loyalty programs, and track the quantity of products remaining in stock. If your sales register equipment supports remote access, you can manage your business from a computer or phone at home. For example, you can check sales statistics, actions of your employees, etc.