Get an overview of the deciding costs in payment processes and find out which one-time or fixed fees you may encounter.
For the usage of the payment interfaces, certain payment service providers a fixed basic fee, to be paid monthly or yearly, independently of the usage. It is due even when no transactions were settled. This way, the PSP can secure their own income regardless of their clients’.
Certain providers offer all-inclusive packages that calculate their fees after taking the number of transactions on the client’s website into account. This package is especially good for retailers who still have a low number of monthly transactions on their websites, as this type of fee takes the low number of transactions into account and reduces the fees the retailer must pay to the PSP.
Just like disagio and transaction costs, the basic fee must be paid regularly to grant the service of a payment provider for an online store or paid content. Basic fees can, however, easily be calculated in business evaluations and planning.
Basic fees, transaction costs and discounts, as well as one time setup fees can add up to a hefty bill for a business establishing an online shop. The inclusion of multiple payment methods can lead to a significant decrease in the online retailer’s margin of profit, and they should take this into account when setting the prices of the products in their online shop.
Retailers with a small sales volume optimize their position when they choose a payment provider that provides them with access to their chosen payment methods. The expense and indirect costs can typically be chosen between models. Smaller shops might do best to avoid providers with basic fees or choose models including a high number of free transactions.
Choosing a payment provider is no easy task. Profitability and effectiveness are key. Therefore, merchants should opt for a low-cost payment service provider offering the payment methods most popular among their target group. Our neutral comparator is designed to help merchants decipher providers.
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