What is the 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 |
Visa & Mastercard |
3.3% per Transaction (Min Php 15) |
Bank Transfers |
1% per Transaction (Min PhP 15) |
E-wallets |
2.5% per Transaction |
Over the Counter |
1.5% per Transaction (Min PhP 15) |
Sample Computation:
Given: |
Credit / Debit Card |
Computation |
Gateway Fee Formula: |
( 3.3% of Grand Total of Merchant Fees ) |
Solution: |
= ( ( 3.3 / 100 ) * 1100) |
= 0.033 * 1100 |
|
Payment Gateway Fee: |
= 36.30 |