Accept online payments with MIA Business

Accepting Online Payments with MIA Business

Additional Agreement to Terms and Conditions

Last update: April 28, 2024

MIA Business is a national instant payment system in Moldova for businesses, developed by the National Bank for fast and secure payments 24/7. MIA for Business - accepting online payments via QR codes and payment links.

Accepting payments in Moldovan lei from users' current accounts in banks and payment systems of the Republic of Moldova. The maximum transfer amount is from 100,000 to 200,000 lei depending on the bank. The funds will be deposited into your bank account in just 10 seconds.

MIA Business allows companies:

• to accept payments from individuals (B2C) via QR codes, links, or phone numbers, as well as
• to make transfers between legal entities (B2B) in seconds.

With e-Cont.md, you can create invoices that your individual clients can pay online using the MIA Business solution. Additionally, you can track your invoice payment status and send reminders.

Key Features and Benefits:

• Instant Transfers 24/7: Payments between companies and suppliers are processed instantly, even on weekends, holidays, and at night, without waiting for the next banking day to open.
• Cost Reduction: MIA Business offers lower fees than other online transfer options:
  • 0.5% Social services - public transportation, hospitals, education, utility payments and more.
  • 0.7% Most businesses - e-commerce, restaurants, retail.
  • High-risk business % set by the payment service providers.
• Customer Convenience (B2C): Individual customers can pay for goods and services through bank mobile apps by scanning a QR code, speeding up the purchase process.
• Instant Confirmation: The seller receives an immediate notification of funds being credited to the account, allowing for faster shipment of goods or delivery of services.
• Security: The system was developed by the National Bank of Moldova and is integrated into official banking apps.
• MIA Business is used for retail and online stores. and B2B interactions (e.g., paying supplier invoices).

Preliminary steps for accepting MIA Business online payments:

1) An e-Cont.md business user must have a current account with one of the banks or payment systems (financial institutions) in Moldova.

2) The user signs a contract with a financial institution to connect to the MIA Business service.

Financial institutions in Moldova that are connected to the e-Cont.md for receiving online payments MIA Business

• Banks
  • Victoriabank (settings)
• Payment systems
  • Bpay (settings)

3) The user receives the necessary settings from the financial institution in Moldova.

4) The user enters the received settings in their personal account. e-Cont.md

5) The user begins working fully in the e-Cont.md system to issue invoices and accept online payments from MIA Business.

For information:

The MIA solution for individuals (Instant Payments) is also available — the NBM's national payment system for fast and secure transfers directly by phone number, without a card and with no commission for amounts up to 10,000 lei.