What is it?
The base percentage fee charged by the Bank for providing merchant services.
How is it calculated?
As a percentage of each credit card sale.
Merchant fees may vary significantly depending
on transaction volume, average ticket size, card types and other factors.
When is it charged?
Whenever you process a credit card transaction.
http://www.mtansw.com.au/files/downloads/cba/Merchant%20fee%20booklet.pdf
We pass on the merchant fees that banks charge us for processing the credit cards.
We pass on charges; For Amex 3.88%, Visa/Mastercard 2.5%. (Payment via drivers on board Credit Card Facilities can be higher.)
If you wish to pay the driver with cash that’s fine just select the PAY LATER option. (This option is only available to users making bookings whilst within Aus & NZ)
If you wish to pay by Electronic Funds Transfer to our Bank Account from your Bank Account, that’s fine also just select the PAY LATER option too.
(This option must be done 7 days prior to the transfer date, so that we can process the received funds through our administration processes.)
Posted in: Making Bookings - Payment Methods