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Payment Examples
Total monthly turnover £269.21
£269.21 less than £500 therefore 5.5% transaction fee
£269.21 * 5.5% = £14.81
Total monthly fee £14.81**
Total monthly turnover £799.54
1st £500 at 5.5%
£500 * 5.5% = £27.50
Addition £299.54 greater than £501 therefore 5% transaction fee
£299.54 * 5% = £14.98
Total monthly fee £42.48**
Total monthly turnover £1945.00
1st £500 at 5.5%
£500 * 5.5% = £27.50
2nd £500 at 5%
500 * 5% = £25
Additional £945.00 greater than £1001 therefore 4% transaction fee
£945.00 * 4% = £37.80
Total monthly fee £90.30**
** prices exclude VAT
