If you are just starting up a business or expect to take only small number of transactions, we can provide you with specific pricing packages.
Fee paid for the acceptance of credit & debits card transactions is called interchange fees. We would be incorporating the same into our pricing, for each processed transaction.
Credit cards are priced on a percentage of the total value (Percentage value of the card transaction)
Debit cards are priced as above but at a lower rate
To negotiate the correct pricing for your card acceptance service ,we would want to know the following aspects about your business.
Industry you're operating in
Type of goods or services you're selling
Guarantees attached to goods or services sold
Your actual & forecasted card volumes
Card Volume Mix
While discussing the mix of transaction volumes, apart from us knowing your credit/debit card mix, we would like to know the following
Number of debit and credit card transactions
The average value for each card transaction – known as Average Ticket Value(ATV)
If you do not currently accept cards, to forecast your card volumes may be difficult at this stage. QPay has an understanding from its own experience of how different businesses operate by industry type, Eg: In the case of hospitality business, based on its size, sales turnover & few other factors, we would be able to forecast the sales volumes
With an understanding of your business and details of the projected card mix, values and volumes, QPay will be in a position to negotiate 'Merchant Service Charge' or 'Transaction Discount Rate' (TDR)
Typical Pricing Option
Visa and MasterCard Credit Cards between 2.25% - 5.5%