Explore the detailed fees associated with credit card payments at Respaid
Last updated February 20, 2024
For a credit card payment with Respaid, it's important to be aware of the potential fees that may be applied.
Below, you will find the various fees that we charge on our end to provide you with complete transparency regarding our practices. Whether it's the applied percentage, fixed fees, or transfer fees, we aim to ensure you have a comprehensive understanding of the costs associated with credit card payments made through our platform.
- Transaction Fee (Fee percentage) : For every credit card payment made through our service, we apply a flat percentage fee of 1.85% on the total transaction amount. This means that for each transaction conducted, a commission of 1.85% will be deducted. For instance, if a payment of $100 is made, the transaction fee will amount to $1.85.
- Flat Fees (Flat fee amount) : In addition to the percentage mentioned earlier, we also impose a flat fee of $0.46 per credit card transaction. These flat fees are added to the percentage and apply regardless of the transaction amount. Therefore, for a $100 transaction, the flat fees will be $0.46, in addition to the $1.85 transaction fee.
- Payout Fees (Payout fee percentage) : Transfer fees are also taken into account. We apply a percentage of 0.49% on the total payment amount to cover these fees.
- Fixed Transfer Fees (Payout fee flat) : In addition to the percentage mentioned earlier, we also levy fixed transfer fees of $0.46 per credit card payment. These fixed fees are added to the percentage and cover the transfer costs associated with the transaction.
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