Most Merchant Service Providers have a $25 minimum monthly quota for Visa/MasterCard fees. If the minimum quota is not met within the month, the merchant account provider will make up the difference with additional fees. For example, let’s say your discount rate is 2% and you processed $1,000 for the month, then that would be $20 in discount fees (0.02% X $1,000). If your monthly minimum was $25, then you would be charged the $5 difference in order to meet the $25 minimum. Paynet System’s does not have a monthly minimum with Option (1).

Cancellation fees are commonly assessed when service is cancelled prior to the binding term found within the merchant agreement. Many credit card processors have a 3-year term found within their contract. This means if after a year you find a better deal…you’re stuck! Paynet Systems is so confident you'll remain a satisfied customer; you are free to cancel your Credit Card Processing Agreement, any time, penalty free.

Many credit card processors will charge an Annual Membership Fee in the range of $75-$125; this is especially true for company’s offering “free equipment”. If you are committed to a non-cancelable contract of 3 years and each year you are assessed a $75 annual fee, you quickly see the word “free” lose its meaning. Paynet Systems does not charge this fee.

This is the accumulation of captured credit card transactions in the merchant's terminal or POS awaiting settlement. Many processors charge a daily batch fee of $0.25 or more; that can add up to $7.50 or more a month in additional charges! This fee is also commonly assessed by company’s offering “free equipment” and those with unusually low monthly statement fees

$0.25 batch fee x 30 days/month= $7.50 additional fees

Also referred to as Non-Qualified and Mid-Qualified Surcharges. This surcharge applies to credit card transactions that Visa and MasterCard assess at a higher rate. For instance, Business/Corporate Cards, and other downgrades, such as failure to perform Address Verification (AVS) for key-in sales, and failure to Batch out point-of-sale device within the allotted time period can also cause this fee to be assessed. When accepting credit cards, it is important to understand this fee, as certain business categories tend to be affected more than others, for example, Business to Business (B2B), or business that accept International Cards. Please ask your Paynet Systems representative for a thorough explanation.

This fee is charged only if you call in a credit card sale using our voice-automated system. For instance, you need to accept credit cards off-site and do not have access to your point-of-sale device. You can then call our 800 number to process the credit card transaction. This fee is NOT charged if you are using your standard point-of-sale device.