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) |
| 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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