Use 24pay POS terminals
and earn up to €25 per month
You can earn 0.1% from the value of each transaction processed through the POS terminal during the month.
Card transaction fees according to the MIF++ scheme
Interchange fee – fee to issuing bank
The current amount of the Multilateral Interchange fee can be found on the websites of the respective card schemes listed below. 24pay commits to charging only the actual paid Interchange fee, based on the type and origin of the payment card used.
[
VISA CARD
](https://www.visa.co.uk/about-visa/visa-in-europe/fees-and-interchange.html)[
MASTER CARD
](https://www.mastercard.com/europe/en/regulatory/european-interchange.html)
Fee to card schemes
The amount of the Card Scheme fee (percentage + fixed fee) may vary based on changes to the pricing of card schemes. 24pay commits to charging only the actual fees paid to the card schemes.
[
VIEW CURRENT SCHEME FEE
](/en/business-solutions/scheme-fee/)
Transaction processing fee
The fee amount (% + fixed amount in the relevant currency) is determined individually and depends on the average monthly turnover of the e-commerce entity and the average value of a single purchase / transaction.
INDIVIDUAL
How much will I pay for card payments?
Illustrative fee examples below
Payment with a standard consumer card
Your customer makes a €50 purchase using a consumer debit MasterCard issued with their personal account at a bank in Slovakia.
For this transaction, you will pay:
Interchange fee (customer’s bank)
0,20 %
Card Scheme fee
0,204 % + €0,023
Transaction processing fee
0,80 % + €0,10
=
Total transaction fee
1,204 % + €0,123
Payment with a business card
The customer pays €50 for a purchase via the POS terminal using a commercial VISA debit card issued in Slovakia.
For this transaction, as the POS terminal operator, you will pay:
Interchange fee (customer’s bank)
1,50 %
Card Scheme fee
0,082 % + €0,011
Transaction processing fee
0,80 % + €0,10
=
Total transaction fee
2,382 % + €0,111
First 6 months with no fees for the "24pay POS
terminal" service
FAQ
How do POS terminal fees work?
POS terminal fees have two parts. The first is a monthly terminal fee. The second is a fee for each card payment processed. Card payment fees are not one fixed rate. Each transaction has its own fee, which may depend on factors such as the type of card used (debit, credit or business card) or the customer’s bank.
What is MIF++?
MIF++ is a pricing model used to calculate card payment fees. It is not a single fixed rate. Each payment has real underlying costs, which are combined to create the final fee. This means you can clearly see what you are paying for. The model is transparent and has no hidden fees.
What makes up the card payment fee (MIF++)?
**The fee for each card payment consists of three parts: **• Interchange fee – paid to the bank that issued the card • Card scheme fee – paid to card networks such as Visa or Mastercard • Processing fee – charged for processing the payment
These three components together make up the total fee for each payment transaction. The scheme fee is charged by the card network for processing the payment.
How is the payment processing fee determined?
The processing fee is set individually. It is usually charged as a percentage of the payment amount plus a small fixed fee. The exact rate may depend on factors such as your monthly turnover or the average value of each transaction.
Why do fees vary between different payments?
Fees depend on the type of card used. Standard debit cards usually have lower fees than credit or business cards. Fees may also vary for cards issued abroad. This is why the final cost can differ slightly from one transaction to another.
Blended fee
% fee per received payment
from 1,29 %
Transaction fee
€0,20
**The fee for a received payment is determined individually for each client.**The fee amount depends on the average monthly turnover of the e-commerce entity, the average value of a single purchase/transaction and the types of payment cards used by customers (consumer or business cards, within the EEA or outside the EEA).
If you are interested in a blended fee, feel free to contact us