US Fees - Credit Card Payments
Paymate's fees and charges for the US Payments service are as follows. Standard Account Credit card payments incur fees for sellers only. These consist of a fee based on the value of the payment and a flat fee per payment. The current seller fees for a standard account is 3% + $0.50 per payment. There is a US$5,000 limit on how much you can receive in a month. Annual Fees: None. Monthly Fees: None. There are no fees for buyers and they do not need to register to make a credit card payment. EBusiness Account The current seller fees for an eBusiness account is 3% + $0.50 per payment. There is a US$10,000 limit on how much you can receive in a month. Annual Fees: None. Monthly Fees: US$30.00. There are no fees for buyers and they do not need to register to make a credit card payment. You can also apply for a limit increase based on your credit history and track record. The limit increase is subject to approval and additional terms and conditions may apply. A non-refundable application fee of $50 is payable for any limit increases. Minimum and Maximum Payment AmountsThe minimum payment amount a Sender can make in a single Payment transaction via Paymate is $1, and the maximum is US$9,999. What you get for your money
| Item | Fee | Comment | | Application | None | You get a Credit Card Merchant Facility you can use on eBay, your website or as a Virtual Terminal | | Risk Mgmt | None | You get our proven risk assessment service to reduce the risk of fraud losses | | Gateway | None | You get online, real-time authorization of credit card payments without any set up or monthly fees | | Chargebacks | $15 | We respond to bank inquiries and submit responses to chargeback inquiries on your behalf | | Refunds | None | We process refunds to buyers to save you time and avoid handling of sensitive credit card data | | Funds access | None | We credit payments directly into your bank account so you get cash without withdrawal fees or delays | | Security | - | We meet industry standards for encryption, Payment Card Industry standards for sensitive data | | Client Service | - | You will receive tailored (not 'cut and paste') responses to email inquiries in ONE business day for most inquiries |
NOT SO FINE PRINT
Paymate's simple fee structure and 'full-service' offer are based on expectations of 'average' usage patterns in terms of volumes, average payment amount, Anticipated Interchange Level, product category risk and fraudulent transactions received, volumes of refunds and chargeback inquiries, disputes and requirements for client support. Sellers with significant volumes and low risk profiles may qualify for better terms after a pattern of usage has been established, at Paymate's discretion.
Paymate's Fees are detailed as below.
Discount Rate
3.00% On Gross Visa, MasterCard and Discover ® Network Card Sales
3.00% On Gross Visa, MasterCard and Discover ® Network Card Non-PIN Debit Sales (US only)
Refunds can be processed by Paymate upon the seller's emailed request. There is no charge for refunds however the fee paid on the original payment is non refundable.
Authorization Fee
Authorization/EDC Fee of $0.50 applies to all Visa, MasterCard and Discover ® Network Card approval (pre-authorizations and authorizations), denials, batch inquiries, batch entry transactions and includes any transaction fees and capture fees.
Chargeback Processing Fees
$15.00 per chargeback inquiry received by our bank. Cross Border Fees
A MasterCard Cross-border or Visa International Service fee is any transaction in which Client's country of domicile differs from the country where the card was issued. The Cross-border Fee applied in addition to the Discount Rate is: 1.00% On Gross Visa, MasterCard and Discover ® Network Card Sales
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