Different pricing models are available to suit various business needs and preferences. Here’s how they work:
1
- Fee Structure: Merchants pay 1.2% to 3.5% per transaction (varies by card type and brand).
- Who Pays?: Merchant covers the transaction fees.
- Additional Costs: Monthly fees apply.
- Customer Impact: No additional cost to customers.
2
- Fee Structure: Card price displayed includes a 4% markup; a discount is offered for cash payments.
- Who Pays?: Customers paying with cards cover the fees.
- Additional Costs:
- Merchant: No fees for transactions, monthly services, or equipment.
- Customer: Pays extra for the convenience of using a card.
3
- Fee Structure: Both cash and card prices are displayed. Card payments incur a 4% fee.
- Who Pays?: Customers using cards pay the added fee.
- Additional Costs:
- Merchant: No fees for transactions, monthly services, or equipment.
- Customer: Pays for card usage convenience.
4
- Fee Structure:
- Credit card transactions incur a 3% surcharge.
- Debit card transactions incur a 1.2% fee, covered by the merchant.
- Who Pays?:
- Customers using credit cards pay the surcharge.
- Merchants cover debit card fees.
- Additional Costs:
- Merchant: No fees for monthly services or equipment.
- Customer: Pays a surcharge for credit card use.