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There are types of fees which ultimately cannot be passed onto the payer and must be absorbed by the business. |
For a full list of fees that are applicable to you, please reach out to your Partner / Account manager and check out our FSG & PDS here.
For a short snap shot of types of fees, please see below.
Fees | Description |
|---|---|
Transaction Fee | Per-transaction processing fees charged by the payment processors.
|
Service Fee | Per |
transaction |
service fee for |
Visa / Mastercard / AMEX | |
BPAY Transaction & Service Fee | Per transaction fee + Service Fee |
International Surcharge | Fee applicable on international card usage |
Failed Transaction Fee | Per-transaction |
processing fee for |
a rejected transaction | |
Settlement Fee | Per Settlement |
Monthly Service Fee | Monthly Payrix Account Service fee |
Minimum Monthly Fee (MMF) - If applicable | 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 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. |
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