With a broad range of international banking relations,iPayTotal offers various pricing models. Competitive, hassle-free, clear pricing  

There are two ways the merchant account can be set up: MERCHANT RATE  

In addition to above rate, below fees apply for most setups within EEA: PROCESSING FEES & TERMS  

PCI compliance scan servicefree

  • With merchants who are integrating via Direct API, a PCI compliance is required, which includes a quarterly PCI Scan report performed by Qualified Security Assessor (QSA).

Refund fee€1.00

  • Fixed fee charged for every issued refund; a transaction where money is returned back to the card from which a sale was made, either in full amount or partially.

Chargeback fee€15 – €24

  • Fixed fee charged for an incoming chargeback (dispute) request from cardholder, despite of the dispute final result.

Virtual Terminalfree

  • One-time fee, deducted from first settlement. Charged by gateway provider or acquiring bank.

Bank annual registration€0-€950

  • Fee for MOTO merchants who require access to a Virtual Terminal.

Funds RemittanceDaily – Weekly

  • Frequency of settlements of net sales volume to merchant’s bank account.

Gateway transaction fee€0.10 – €0.25

  • Fixed fee charged by gateway provider for every e-commerce or POS transaction.

Transaction limitationsNone

  • Based on risk profile there may be a monthly volume cap at the beginning. Normally this can be raised after few months of steady processing.

Monthly maintenance fee€0 – €20

  • Fixed monthly fee charged by the gateway provider for payment services.

MID setup fee€0 – €100

  • One-time fee, deducted from first settlement. Charged by gateway provider or acquiring bank.

Bank annual registration€0-€950

  • Some banks add their own additional MID opening fee. High-risk merchants such as Gambling need registration with Card Schemes which costs €500-1000 per MID.

POS terminal lease€18 – €35

  • Monthly fee for leasing a POS terminal, available to EEA merchants.

How Do Transaction Settlements Work?  

Once a buyer purchases goods or services, his or her Issuing Bank sends funds to the seller’s Payment Processor, which disperses said funds to the Merchant. The term ‘settlement’ is also used to refer to the specific amount of funds transferred by an Acquirer to a Merchant for the acceptance of a card transaction.Merchants receive their settlement weekly with 12 working days arrears .

* Settlement cycle is subject to bank approval and can vary based on your business vertical, risk factor etc.

Each settlement has a Unique Transaction Reference (UTR) number, which is provided by our banking partners. You can see this number when you downloadSettlement Reports from the Reports section. This is a unique reference number available across banks, which can be used to track a particular settlement in your bank account.

Many people just read the settlement as ’12 working days in arrears’ and forget it is actually settled weekly. Therefore please remember that you are paid once a week and not daily.

As a guide we have provided examples below of when payment will be sent depending on the day you took payment. For this example, you are settled (remitted) every Monday using a 30 day calendar month.

Please be aware that your own designated bank may take a few days to pay you your funds after payment has been sent. Due to the many different banks it is impossible for us to specify how long each one will take.

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