Here is a comparison of the different merchant account options, for card payments acceptance.
Please be aware that these pricing details are generic and do not reflect all Peach payments products. The best way to get pricing information that is most relevant to you is to contact us at email@example.com for tailored quote, based on your business needs.
You can have your business bank account at any South African bank. The merchant account is a processing agreement with the an acquiring bank, that enables you to collect card payments from your customers.
The key differences between the merchant account options are with respect to :
1. Frequency of settlement
2. Lead time to get setup
3. Payment brands that your customers' can pay with (eg. VISA, MASTERCARD, etc)
4. General pricing
**NB: All fees exclude VAT**
Nedbank Merchant Account
Once-off Setup Fee
Peach Monthly Service Fee
Monthly Licensing Fee
Processing Fee (Per transaction)*
Tokenisation/Card Storage **(Optional)
Refunds (Per refund/reversal)
|Special Transactions - per Transaction|
(Optional) Card Storage – (initial transaction)
Commission Fees: Visa / Mastercard
Decreases as your sales volume increases (see attached for tiered rates)
Setup / Lead Time
3-5 working days
Foreign Cards Acceptance
Card Acceptance Options
*Processing Fees:(i.e. Debits)– per transaction costs will drop with more transactions that you do with us –please refer the attached brochure.Special Transactions:Card Storage, per card stored, once off, for the lifetime use of that card.
**Tokenisation: You will need this, should you wish to make use of Card Storage (for future purchases) or for 1-Click Checkout, Subscription or Recurring Billing within your payment model *(i.e. Card Storage)– Once off charge, per card stored - for the lifetime value of that cards use (Please refer to attached Brochure for further information on this option)
***Multi-Currency Card Acceptance:For more information on how to apply for a Multi-Currency acceptance see the following article:
- To register for a Peach merchant account >> Click Here
- To register for a Nedbank merchant account >> Click Here