Initial Costs

Some of our partnering acquiring banks have reduced and/or waived application/setup and monthly minimum usage fees.

Fees vary by acquirer and data capture level, but may include the following:

• Application fee $25 - $100
• Purchased Terminal $300 - $1000 (Level 1 or 2) OR
• Rented/leased terminal $20 - $80 (Level 1 or 2)
• PCSoftware $299 - $600 (Level 3 ONLY) OR
• Internet/Browser based $35 - $299 setup and $35 monthly (Level 3 ONLY)
• Programming fee for integrated product - Negotiated depending on complexity
• The supplier may also incur cost for implementing and training employees on the new payment process; however, minimal training is needed due to the equipment's ease of use.

Ongoing Costs to Suppliers

Per transaction fees vary by acquirer and data capture level.

• Monthly fees may be assessed based on minimum usage and other factors, and is clearly defined in the contract between the acquirer and supplier.

• A discount fee will be paid on each transaction, (i.e., for a $100 transaction and a discount fee of 2%, the acquirer will deposit $98 in the suppliers bank account within 3 days of submission of the transaction).

• The total discount fee the supplier pays is comprised of adding together the acquiring fee and the applicable interchange fee. MasterCard sets an interchange fee annually. The merchant acquiring bank sets the acquiring fee for the credit card processing on behalf of the supplier.

• A discount fee will paid on each transaction. The fee range is based on various factors including but not limited to risk, average ticket and number of transactions. Suppliers must contact acquirers for a quote and pricing details. For acquirer contact information please visit: Acquiring Banks