What do you get charged, as a merchant with Peach. For card payments, you need a merchant account.
This is an agreement with a bank (different to a transactional account)
Here is a comparison of the two of the main merchant account options, for card payments acceptance.
- Please be aware that this is not an exhaustive list.
- 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 firstname.lastname@example.org for tailored quote, based on your business needs.
A merchant account is different from a bank account
You can have your business bank account at any South African bank. The merchant account is a processing agreement with 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)
**NB: All fees exclude VAT**
ISO Merchant Account (NEDBANK / ABSA / FNB)
OPTION 2 / SOLUTION 2
Once-off Setup Fee
Peach Monthly Service Fee **(Optional)
Processing Fee (Per transaction)*
Tokenisation/Card Storage **(Optional)
Refunds (Per refund/reversal)
|Special Transactions - per Transaction|
Per new card stored (Optional)
Commission Fees: Visa / Mastercard
Ranges from 3.2
Setup / Lead Time
7-14 working days
14-20 working days
Foreign Cards Acceptance
Card Acceptance Options
You can still accept other payment methods in addition to card payments, such as
PEACH PAYSAFE PAYMENT LINKS
**We do not charge monthly fees for Wix, Shopify, WooCommerce or Magento merchants, where the payment flow is once-off
Blended means one rate that applies regardless of volume or card type (debit or credit card)
*Processing Fees:(i.e. Debits)– per transaction costs will drop with more transactions that you do with us.
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:
OPTION 1 / SOLUTION 1
To register for a Peach merchant account >> Click Here
OPTION 2 / SOLUTION 2
To register for a ISO merchant account >> Click Here