When considering a payment terminal , it’s crucial to look beyond the purchase or rental price. Various fees can add up and significantly impact your profit margins. Here’s a detailed look at what you need to know.
1. Installation costs
Before you even start accepting payments, some companies charge a setup fee:
- Terminal configuration by the maintainer
- Delivery to site by carrier
These costs can range from €50 to €300 depending on the provider and terminal type. Be sure to ask about all potential fees before committing.
2. Subscription fees
Maintainers offer contracts with monthly or annual subscriptions . These subscriptions can range from €10 to €50 per month , depending on the services included (technical support, software updates, etc.). It is important to read the terms and conditions to understand what is included and what is not.
3. Transaction Commissions
Most PSPs (payment service providers) charge a fee on each transaction. This percentage can vary considerably. Typically, fees range from 1% to 3% per transaction, depending on the type of card used and the industry. For example:
- CB bank card: Rates can vary from 0.8% to 2% in France and Europe.
- Visa and Mastercard: For credit cards, rates can range from 1.5% to 2.5% . For debit cards, rates are often lower, around 0.5% to 1.5% .
- Premium Cards: Higher-tier cards (like credit cards that offer rewards points) may incur higher fees, sometimes as high as 3% .
4. Unpaid charges
Chargebacks occur when a customer disputes a transaction. Chargeback fees can vary, typically between $15 and $50 per incident. Additionally, the total chargeback amount can include the loss of the sale, which can significantly impact your finances.
5. Fees for international transactions
If you sell internationally, be aware of additional fees for transactions made with foreign cards. These fees can include currency conversion fees (often between 0.9% and 3%) and additional fees applied by the PSP, which can be as high as 1.5%.
6. Early Termination Fees
If you decide to terminate your contract before the end of the commitment period, you may be subject to early termination fees. These amounts are often the total remaining rent due + surcharge.
7. Maintenance and Support Fees
Some providers charge a fee for device maintenance or technical support. These fees can range from €5 to €20 per month . Check whether these fees are included in your contract or whether they are billed separately.
Conclusion: be well informed before choosing
There’s more to purchasing or leasing a payment terminal than just an upfront cost. It’s essential to carefully consider all financial aspects and ask specific questions of your provider to avoid surprises. Understanding the different fees can help you better manage your costs and optimize your spending.
What Easytransac offers you
At Easytransac , we are committed to providing a transparent and competitive solution for your payment needs. Here is what we offer:
- Rental of latest-generation Our modern terminals, designed for optimum use, are available from €290. We guarantee advanced technology and superior functionality. We offer the latest generation of payment terminals from manufacturers Pax or Sumniwhich accept a variety of payment methods.
- No hidden costs: Our conditions are clear and transparent, with no surprises.
- Competitive commission rates Take advantage of commissions starting at 0.55%* for transactions in France and Europe, and 0.75%* for international transactions. *Excluding interchange rate, known as IC+.
- Flexibility: Choose from a range of terminals to suit your business.
- Responsive customer support: Benefit from personalized assistance all your questions.
- Tailored Solutions: Whether you are a small business or a large event, our solutions are designed to adapt to your specific needs.
Simplify your transactions and maximize your profits your profits with Easytransac !
Who we are
With more than 60,000 customers, Easytransac capitalizes on a decade of expertise in various payment solutions (distance selling, ecommerce, convenience selling, cashless, mobile payment...).
Recently integrated into the Gaios Group and in strategic alliance with InEvents, Easytransac is at the forefront of innovation in the ecosystem of electronic payments and hybrid and cashless solutions that meet the requirements of e-tailers, event professionals and SMEs.
Our platform simplifies transactions and enriches the user experience, thanks to an intuitive interface and real-time tracking, while ensuring security at every payment.
Got a project in mind? Don't wait any longer! Contact our teams by email at contact@easytransac.com or by telephone on 09 72 12 99 48.
.png)
