If you aim to eliminate those expensive card fees, here's a straightforward solution: Understanding these costs helps you plan and make smart decisions for your business. Keep in mind these are general estimates, and the actual charges can vary based on factors like the type of card, the way you accept payments, the industry you're in, and how many transactions you handle. On average, you might end up paying around 2% to 4% of each transaction's value in total fees. PCI Compliance Fee: Around £30–£120 per yearĬancellation Fee: Typically £115 if you cancel early. Minimum Monthly Service Charge (MMSC): Between £5 to even £30 per month if you don't meet a minimum spending requirement.Ĭhargeback Fee: Roughly £10–£20 for each customer #chargeback.Īuthorisation Fees: Roughly 1–3p per transaction. Online Payment Gateway Fees: Usually between £20–£70 per month for hosted checkout pages. Interchange Fees: For debit cards, it's around 0.2%, and for credit cards, it's about 0.3%. Merchant Service Charge (MSC): About 0.2%–3%, depending on the card issuer and card typeĬard-Not-Present Transaction: The cost varies but usually ends up pricier than other transactions. Here's a rough overview of the main fees: Keep in mind these are ballpark figures and can differ based on your card provider and the type of card. When customers/users pay by card means costs for you. Do you have a #PaymentCheckout on your website or app? □□ Surely you are paying fees.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |