Quote for card processing
Payments in the channel acts as an introducer of card acquiring services on behalf of Elavon, the card acquiring service provider.
Your costs for accepting common individual card payments 4
UK-based card
| Mastercard | In Person5 | Online / Phone6 |
|---|---|---|
| Debit1 | 0.55% | 0.65% |
| Credit2 | 0.75% | 0.85% |
| Business3 | 1.99% | 2.2% |
| Visa | In Person5 | Online / Phone6 |
|---|---|---|
| Debit1 | 0.55% | 0.65% |
| Credit2 | 0.75% | 0.85% |
| Business3 | 1.99% | 2.2% |
Additional charges per transaction
| Authorisation Fee | £0.03 |
| Other potential transaction charges | Chargeback fee £15.00 Revival fee £0.00 |
Example
If your customer uses a Mastercard personal debit card in person to purchase a £10 item, you would pay:
| £0.055 (0.55% of £10) |
| + £0.03 (authorisation fee) |
| = £0.085 |
If your customer uses a VISA personal credit card online or by phone to purchase a £10 item, you would pay:
| £0.085 (0.85% of £10) |
| + £0.03 (authorisation fee) |
| = £0.115 |
Other monthly charges
| Point-of-sale terminal (per terminal per month if required) | £24.99 |
| Gateway 7 | £25.00 |
| PCI DSS service fee 8 | £4.50 |
| Minimum monthly service charge (MMSC) 9 | £25.00 |
Other Details
| Settlement time | Transaction date + 1 Banking Day |
| Payment brands accepted | VISA Mastercard |
1 Personal debit cards.
2 Personal credit cards.
3 Business debit cards.
4 These are the most commonly used cards for most merchants. You pay us a percentage of each card payment you receive. This varies depending on the type of card. You may also accept other card brand and types, which may cost more. You can see the cards you accept in your transaction information.
5 A card payment where the card, cardholder and merchant are all in the same place.
6 A card payment where the card, cardholder and merchant are not all in the same place.
7 A service for capturing and transferring payment data.
8 Charges relating to your compliance with card security and anti-fraud standards.
9 Amount payable if your monthly transaction charges do not meet a minimum agreed amount.
Please note. Card Services are only available as part of the Payments in the channel services package for which separate service fees apply.