This is a guide only. Your pricing would be determinded after a conversation
PayFac as a Service | Managed Payment Facilitation* for platforms primarily in Card Not Present payments. For card present, terminal based payments click here
*Managed Payment Facilitation and PayFac as a Service are essentially the same service
**Revenue share is based on the difference between costs (Interchange rates set by MasterCard/Visa and platform sell rate. Costs are not known until payments begin to be processed. Estimated costs depend on average sale amount and type of card usage. 1.9% is typically reasonable. If your sell rate is 2.9% and 30 cents the potential margin is about 1% and 24 cents.
***Approximate card not present base rates [including assessments for most common cards]:
Debit: 1.77% | Regulated Debit .05% plus 22 cents
Non Rewards MC/V/Discover: 2.02%
Rewards cards: 2.22%
Business cards: 2.82%
****Why the monthly minimum?
Payment Facilitation creates significant compliance and regulatory burdens as well as potential risk that must be mitigated. Coupled with ongoing technical costs it just does not make financial sense to allow a platform to leverage Payment Facilitation without a strong potential ROI. The minimum does two things: 1-creates more revenue to offset the expense involved and 2-separates the platforms that are serious from those with a good idea.
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