COMPETITIVE, HASSLE-FREE, TRANSPARENT PRICING
With a broad range of international banking relations, OkePay is uniquely able to offer various bespoke pricing models.
1. MERCHANT RATE
There are two ways the merchant account can be set up:
|markup from 0.50%|
Each transaction is subject to different interchange fees. The final rate for the merchant is calculated as the sum of the Interchange Fee and the Card Scheme Fee as set by Card Schemes (Visa/MC) and involved banks. On top of that, a fixed mark-up is added by the payments provider (acquirer/processor). The Interchange and Card Scheme fees vary based on merchant's and cardholder’s issuing bank locations and type of card. The final rate can be as low as 0.95% for our EEA merchants.
We also offer a more traditional method of applying a merchant discount rate. Merchants may opt for this pricing model if they want to maintain simplicity. Every sale is charged with the fixed percentage fee as set out in the agreement. The final rate is determined by the payment provider during initial assessment, based on risk category, sales volume and geographical distribution; it can be anywhere between 0.95% and 5.50%. We mostly use this model for high-risk, non-EEA merchants.
2. PROCESSING FEES & TERMS
In addition to above rate, the below fees apply for most setups within EEA: