Each transaction processed through Re-Leased Pay has transaction fees associated with it. The cost of the transaction fee can be configured to be consumed by the tenants, your company, or you can define a split percentage and share the consumption of the fee with your tenant.
For more on configuring processing fees
The cost of the transaction fee is determined by your company's country and the payment method they choose as follows:
Credit/Debit Card
Country | Percentage | Transaction Cost |
Australia | 1.85% | AUD $0.30 |
New Zealand | 3.00% | NZD $0.30 |
United Kingdom | 1.90% | £0.20 |
Ireland | 1.75% | €0.30 |
United States | 3.00% | USD $0.30 |
Canada | 3.00% | CAD $0.30 |
For example:
Amount due for invoice #12345 £440.00
Processing fee 1.90% + 20p £7.80
Direct Debit
Country | Percentage | Transaction Cost | Cap per fee |
Australia | 1.00% | AUD 0.30 | AUD $3.50 |
United Kingdom | 1.00% | £0.20 | £5.00 |
United States | 0.80% | - | USD $5.00 |
Canada | 1.00% | CAD $0.40 | CAD $5.00 |
For example:
Amount due for invoice #12345 £440.00
Processing fee 1.90% + 20p (capped at £5.00) £5.00
Amount due for invoice #12345 £440.00
Processing fee 1.90% + 20p (capped at £5.00) £5.00
Note: these figures are subject to change