What is the Payment Gateway Fee?

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  3. What is the Payment Gateway Fee?

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)
*Plus 1% for International Cards

Bank Transfers

1% per Transaction (Min PhP 15)

E-wallets
(GCash/PayMaya/GrabPay)

2.5% per Transaction

Over the Counter
(7-Eleven)

1.5% per Transaction (Min PhP 15)

Sample Computation:

Given:

Total Order price: 1000

Shipping Fee: 100

Grand Total of Merchant Fees: 1100

 

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

   

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