With each card transaction, card transaction fees are deducted from the total amount.

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Interchange++ pricing model (IC++)

With an interchange++ pricing model, users have full transparency of the costs associated with your transactions. With this model, the costs you'll see in your settlement report will be broken down into three separate components: interchange fee, scheme fee, and acquirer fee.

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Interchange fee (IC)

For every card transaction, this exchange fee is paid by your bank (acquirer) to the customer’s bank (issuing bank). This is why it's also called the 'issuer fee'.
The cost for this fee is 0.20% - 1.80% on each transaction.

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Scheme fee (+)

Card organisations like Visa or Mastercard charge a fee for handling and processing each transaction. This fee may vary depending on the location, security of the transaction, or card type.
The cost for this fee is 0.02% - 0.65% on each transaction.

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Acquirer fee (+)

A fixed fee is charged for the provision of a card service. This fee already covers the costs of service processing, and it's the fixed fee that Teya charges.

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The total cost of interchange and scheme fees that you pay will fluctuate based on the transaction types you process each month. The price will be lower when you process more local, debit, and consumer card transactions, and increase when you process more foreign, credit, and corporate card transactions. This means you'll never over or underpay for the transactions you process and you'll have a clear understanding of the share of the transaction we’re taking for our service.

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In your settlement report, you'll see one rate to pay for your transactions broken into three component parts that you can review.