You are able to view the pricing for your merchant account. In the left sidebar, click Accounts and select the Pricing tab. Your pricing is broken into two categories: Processing Fees, which are charged to you as the account holder, and Payer Fees, which are passed on to the individuals making payments. These fees differ based on the payment method. To update any settings, contact our Support team.
In this article:
Card Payments
Card payments cover transactions made using a credit or debit card.
- Processing Fee: You are charged a percentage of the transaction amount.
- Chargeback Fee: If a payer disputes a card transaction and a chargeback is filed, a flat fee is charged.
- Payer Fee: The payer is charged a percentage of the transaction amount.
Bank Debit Payments
Bank Debit transfers (ACH, BECS, BACS, and so on) allow payments to be made directly from a bank account.
- Processing Fee: You are charged a percentage of the transaction amount, with a minimum and maximum fee per transaction based on the specific bank debit payment method.
- Return Fee: If an ACH payment is returned (for example, due to insufficient funds or an incorrect account number), a flat fee is charged.
- Payer Fee: The payer is charged a percentage of the transaction amount, with a minimum and maximum fee per transaction based on the specific bank debit payment method.
Net Funding
Most Momentus Payment accounts are configured with Net Funding disabled. This means that transaction fees are not deducted from your payouts; instead they are deducted from your bank account as a lump sum on a daily or monthly basis.
If you prefer to have fees passed through with each transaction, enable this setting.
Calculate on Subtotal Only
- When this setting is enabled, processing fees are calculated on the transaction subtotal only.
- When it is disabled, processing fees are calculated on the total amount including any payer fees.
Billing
- Billing Period: If Net Funding is disabled, this setting displays if you will be billed on a daily or monthly basis.
- Auto Debit: If Net Funding is disabled, we will debit your account for fees owed to us if this setting is enabled. If it is not enabled, we will invoice you.