What is Payment Gateway Fee?

Payment Gateway Fees are prices that the Payment Option charges when using their services. The following are the available payment options and their corresponding transaction fee.

Payment Option Transaction Fee
Credit & Debit Cards 3.2% +Php 15 per transaction
Bank Transfers Php 15 per transaction
E-wallets 2.5% + Php 10
Over the Counter 1.5% (Min Php 15)
Sample Computation:
Given:
Total Order price: 500
Shipping Fee: 100

Convenience Fee: 20

Sub-Total (ST): 620
Credit / Debit Card Computation
Transaction Fee Formula: ( 3.2% of ST ) + 15
Solution: = ( ( 3.2 / 100 ) * 620) + 15
= ( 0.032 * 620 ) + 15
= 19.84 +15
Transaction Fee (TF): = 34.84
Gateway Fee Formula TF + (12% VAT of TF)
= 34.84 + ( ( 12 / 100) * 34.84 )
= 34.84 + ( ( 0.12 ) * 34.84)
= 34.84 + 4.18
Total Gateway Fee = 39.0208

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