Merchant Fees

 

Service Fees for a Merchant Account facility

Are levied by your bank as a percentage of each transaction. This is called the Merchant Service Fee (MSF). In addition there can be a fixed monthly fee, transaction fees, a monthly minimum order and a one-time setup fee as well. These fees will vary from bank to bank.

BNZ - Ph: 0800 737 774 or apply online or contact a BNZ Payment consultant

In addition you may also accept payment from American Express and Diners Club customers, however you will need to contact each of these companies individually in order to obtain merchant status with them.

Guideline Only

 

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Supporting Information

 

Merchant Account Fees

Some of the factors that banks use to determine what Merchant Service Fee to charge may include;

- how long you've been in business and what kind of credit rating you have
- the relationship you may already have with the bank.
- the kinds of cards you want to accept.
- the type products or services you are selling.
- the average amount of a transaction.
- your projected monthly sales volume.

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