Payment – Merchant Settlement Account

Merchant Settlement Account (MSA)


Your MSA is your way of accessing the card and bank account transactions made throughout the day live on your smartphone. This gives real-time analytics to see how your business is doing throughout the day, when the peak times are, and value of Card and Bank sales you have made during the day.


Merchant Settlement Account (MSA) Benefits

The MSA is in your HCE Wallet function in your IPosUp app.


No matter if you make sales in INR (Indian Rs), KSH (Kenya Shillings) GBP (£) or EURO (€) currency, your MSA stores these transactions for you to view in real time.


With your MSA you can compare overall bank and card sales volumes.


Merchant Category Codes (MCC) supported

The IPosUp and HCE Wallet apps transform your smartphone into your everyday mobile bank and card payments terminal for the following merchant category codes:

CodeMerchant CategoryIdMerchant
7311Advertising Services5411Grocery Stores Or Supermarket
0763Agricultural Cooperatives5251Hardware Stores
4511Airlines5719Home Furnishing Store
4582Airports5200Home Supply Stored
7999Amusement/Recreational Services0780Horticulture
5937Antique Reproductions8062Hospitals
5932Antique Shops3501Hotels
5722Appliance Stores7011Hotels-Lodge/Resort
5971Art Dealers5085Industrial Supplies
3351Auto Rental5094Jewellery
7699Auto Repair Shops5944Jewellery Stores
5511Auto/Truck Dealers7210Laundry Service
5599Automotive Dealers5948Luggage Leather Goods
5533Automotive Parts Or Stores5211Lumber And Building Stored
8675Automobile Associations4468Marina Services
7538Automotive Services1740Masonry Tiler Plaster
5462Bakeries8071Medical And Dental Laboratories
5940Bicycle Shop5047Medical Equipment
4457Boat Rentals8699Membership Organizations
5942Book Stores5013Motor Vehicle Supplies
5192Books5733Music Stores
4131Bus Lines5994News Agent
7399Business Services5231Paint Stores
7512Car Rental Agencies5198Paint Supplies
5947Card Shops4111Passenger Services
1750Carpenter4899Pay Television Services
5964Catalogue Merchant5995Pet Shops
5811Caterers5172Petroleum Products
2842Cleaner7221Photographic Studios
7296Clothing Rental5044Photographic Supplies
5691Clothing Stores5946Photography Stores
5734Computer Software Stores1711Plumbing Contractor
5045Computer Supplies5072Plumbing Supplies
5441Confectionery Stores8999Professional Services
5039Construction Materials2741Publisher
5399Convenience Stores4112Railways
7277Counselling Service6513Real State Agent
4215Courier Services5735Record Shops
5970Craft Supply Shop5812Restaurants
4411Cruise Lines1761Roofing Contractor
5451Dairy Products Stores5949Sewing Stores
5311Department Stores7251Shoe Repair Shops
5815Digital Goods5999Specialty Stores
5969Direct Marketers5941Sporting Goods Stores
5960Direct Marketing Insurance5111Stationery And Printing
5310Discounts Stores5943Stationery Stores
5963Door-To-Door Sales5968Subscription Merchant
5099Durable Goods9311Tax Payments
5309Duty Free Store4121Taxis
1731Electrical Contractor4812Telecommunications Equipment
5065Electrical Parts And Equipment5966Telemarketing Merchant
5732Electronic Sales7549Towing Services
5718Fireplace Stores5945Toy Stores
5193Florists Supplies4789Transportation Services’
5992Florists4722Travel Agents
5139Footwear5962Travel-Related Services
4214Freight Carriers5137Uniforms
5983Fuel Dealers7217Upholstery Carpet Cleaning
5712Furniture Stores5331Variety Stores
5261Garden Supply Stored0742Veterinary Services
5541Gas/Service Stations5300Wholesale Clubs
1520General Contractors5935Wrecking Yards
9399Government Services

IPos soft

Receive payments on the move with your IPOS soft. Our MPOS Tap-to-Phone/QR Code technology allows you to accept card and bank payments via your smartphone NFC devices. Take contactless card payments and QR Code bank payments anywhere and anytime without any external card reader!


IPos bric or pad

Connect your IPOS bric or pad via Bluetooth and allow customers to tap or insert their card to pay for goods and services. Our IPOS bric or pad gives the customer more flexibility enabling chip-and-PIN and contactless payments.

£19 + VAT per IPos bric or pad

Rs1800 + GST per IPos bric or pad