New E-Payment Fee Comes Into Effect

The new fee system for payment transactions will come into effect on Sunday, the Central Bank of Iran said. Henceforth retailers and shop owners who use POS terminals for e- payments will have to pay a portion of the cost of the service. 
In a press release seen on its website, the CBI said despite the fact that acquirers will pay fees for accepting card payments, the banking system still covers a significant portion of the cost for e-payments. 
It published a list of businesses exempt from paying fees until further notice, including bakeries, groceries and supermarkets, drug stores, hospitals, gas stations, handicraft shops, taxi services, schools, charities, bookstores, newsstands and utilities like electricity, water and natural gas.