Every rate, in both our countries.
Your rates depend on the country your business is registered in. They’re in your local currency, exclude sales tax and other taxes, and apply to the gross amount. Other countries are coming soon.
Two models, one for each country.
Unbundled United Kingdom
Interchange is capped by law, so a low base rate covers domestic consumer cards. Amex, commercial and foreign cards add a surcharge.
One surcharge per payment: a card that is more than one of these pays only the highest.
Flat United States
Interchange isn’t regulated, so one rate plus a fixed fee covers every domestic card, Amex and commercial included.
Only foreign cards add a surcharge.
The rules
- Percentages apply to the gross amount; fixed fees to each successful transaction.
- Your country is where your business is registered, not where your customer is.
- A card is foreign if it was issued outside your country, based on the card network’s data at authorization.
- Refunds return the full amount to your customer. The processing fee isn’t returned.
- Failed and declined transactions aren’t charged. Dispute fees apply only to disputes resolved against you.
- No monthly or set-up fee, however you take payments: API, SDK, payment link or subscription.
The United Kingdom and the United States.
Cards
| Country | Rate | Amex + | Commercial + | Foreign + | Dispute fee |
|---|---|---|---|---|---|
| United Kingdom | 0.79% | +0.9% | +1.5% | +1.7% | £15 |
| United States | 2.49% + 20¢ | +0% | +0% | +1.5% | $15 |
- UK example: a foreign commercial card pays one surcharge, not two: 2.49%.
- US: Amex and commercial cards pay the ordinary rate. Cards issued outside the US add 1.5%.
- At the till: a card paid by QR costs the same as online. Tap to Pay, when it arrives, adds 10¢ per payment.
Bacs Direct Debit
| Country | Per debit | Capped at | Subscription renewals | Indemnity claims |
|---|---|---|---|---|
| United Kingdom | 0.25% + 14p | £3 | +0.3%, within the cap | £15 |
| United States | Not offered yet | |||
- By application: a person reviews each application and sets limits.
- Failed debits aren’t charged. A £1,000 debit costs £2.64.
Paid out on a set schedule.
Settlement times fund the headline rates. Standard payouts are free.
- T+7 while you’re new, until your first £1,000 ($1,000 in the US) of card payments clear.
- T+3 after that, automatically.
- Next-day (UK): +0.2% per payment. Switch it on from two weeks after your first payment, and off any time. Cards issued outside the UK stay on T+3 at no extra cost. Not in the US yet.
- Instant payout: 0.99% of the amount, taken from the payout. In both countries, once you’ve built a trading history.
- The minimum payout is £1 in the UK and $1 in the US.
- We review new accounts before their first payout. They start with limits and a rolling reserve, which ease with a clean trading history. See our terms.
Tuppence cards, in both countries.
For UK and US businesses, with cashback on purchases. About card issuing.
- Paid to your balance monthly, in arrears, on settled purchases
- Refunded, reversed and disputed purchases don’t earn cashback; any already paid on them is reclaimed
- Cash withdrawals, transfers and account funding don’t earn cashback
- We may change or withdraw the rate on notice
- Physical cards are free. Purchases in another currency carry the card network’s conversion charge, passed through
- United Kingdom
- 0.89%cashback on card spend
- United States
- 1%cashback on card spend
Coming soon.
Next: Canada, Australia, New Zealand, Ireland and the rest of the EEA, Switzerland, Singapore, Hong Kong, the United Arab Emirates and Malaysia. We publish their prices when they open.
All rates exclude sales tax and other taxes, added where applicable. Network and interchange costs are set by third parties. We may change rates on 30 days’ notice; changes required by a card network or regulator may apply immediately. Full terms: Terms of Service.
Payments that give more back.
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