How much will I be charged to accept card payments?
There are two main costs for accepting cards – a terminal and a cost per transaction for each card you accept.
A majority of merchants will use a bank owned terminal that is rented from their acquiring bank for a monthly fee.
The cost per transaction will depend on a number of factors such as if you are accepting a credit or debit card, whether it is a face-to-face or card not present transaction or the average ticket value of the transaction.
Your acquiring bank will discuss with you all the factors that could influence the price of their service to you.
