Costs, Fees and Processing Terms
Please note that a minimum £15,000 p/m processing
is required. If minimum volume is not reached a
minimum monthly service charge (MMSC ) fee applies. Please
note that as part of the approval process we will need to
see processing statements clearly showing transactions,
refund and any Chargebacks otherwise your application will
be declined.
We use a large European acquirer and provide a
direct merchant account that belongs to you in your name.
However, as the acquirer has processing offices in the US
all costs provided are in USD. Any other applicable fees
will be provided on application.
| Set-up
Fee: |
Nil |
| Monthly Fee: |
$50 |
| Fraud Monitoring
Monthly Fee: |
$100 |
| Visa and MasterCard
Transaction Rate: |
4.5% |
| Amex Transaction
Rate: |
7% |
| MMSC * |
$250 |
| NMI Gateway Monthly
Fee: |
$10.00 |
| Gateway Fee: |
$0.10 |
| Transaction Fee: |
$0.35 |
| Settlement: |
Daily |
| Rolling Reserve: |
10% held
6 months |
| Chargeback Fee: |
$35 |
| Wire Transfer
Fee: |
$25 |
| Refund Fee: |
$1.50 |
* As stated above the MMSC applies if your monthly transaction
processing does not meet the minimum amount agreed for your
account. If your monthly transaction fees are more than
your MMSC, the MMSC for that month won’t apply.
For example, if the MMSC for
your account is $250 and your processing volume for one
month is £8,000, you will be billed the minimum monthly
charge (MMSC). If your processing volume for the following
month is £15,000, the MMSC will not apply and you
will not be charged the $250.
