Processing Fee Rate and Payout Calculation

This section will outline the various payment methods accepted by EPOSPay, as well as the processing fee calculation rules for POS, Kiosk and Web Ordering App.

• EPOSPay Accepted Payment Methods and Processing Fees

Users can refer to this table for Payment methods and Transaction Charges (%) for both the Credit Card Terminal and Web Ordering App. There are no additional charges for the Credit Card Terminal, while transactions through the Web Ordering App incur a modest $0.20 fee per transaction.

* Note: Processing fees and extra charges are subject to 9% GST

• EPOSPay Processing Fees Calculation: Integrated with POS and Kiosk 

1. 1. Order Amount = Amount paid by customer in the Credit Card Terminal
   2. Processing Fee = Order Amount x 2.834% (after 9% GST)
   3. Payout Amount = Order Amount – Processing Fee
   4. Total Payout Amount (in a payout cycle) = Sum of Payout Amount

* Note: The fee rates above are default fee rate, requests for different processing fees are subject to approval

Example:

For a $10 order:

Order Amount: $10

Processing fee = $10 * 2.834% = $0.28

Payout Amount = $10 – $0.28 = $9.72

• EPOSPay Processing Fees Calculation: Web Ordering App

1. 1. Order Amount = Amount paid by customer in the QR / Web Order
   2. Processing Fee = Order Amount x 2.834% + $0.218 (after 9% GST)
   3. Payout Amount = Order Amount – Processing Fee
   4. Total Payout Amount (of a payout cycle) = Sum of Payout Amount

For example:

For a $10 order:

Order Amount: $10

Processing fee = $10 x 2.834% + $0.218 = 0.50

Payout Amount = $10 – $0.5 = $9.5