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Fees | Description |
|---|---|
Transaction Fees | Per-transaction processing fees charged by the payment processors (e.g. bank account transaction fee, card transaction fee, etc) |
Minimum Monthly Fee (MMF) | On the first business day of a calendar month, for each client account Payrix will calculate the total value of fees generated from transactions in the previous calendar month – for successful payments from bank account, credit/debit cards and BPAY only. If your account has a transaction fee total greater than the minimum monthly fee (MMF) for the previous calendar month, the minimum monthly account fee will not be charged. If your account has a transaction fee total less than the MMF for the previous calendar month, the amount required to meet this minimum fee will be debited from your nominated account. This debit is scheduled for the first business day of each month, calculated on transaction fees during the previous month. |