Tags: fees

Setting Taxes, Discounts, and Fees in Poynt

Creating a tax, discount, or fee on the DeviceTaxes, discounts, and fees may be created in a Catalog to apply at the order level, or within a specific Category to apply at the item level. Order Level: When you first enter the Catalog app, you’ll see Categories displayed on the tiles. [...]

What is Interchange-Plus Pricing?

It’s the fairest model out there. Interchange-plus pricing works by adding a constant, flat margin on top of Interchange. So typically, Interchange-plus pricing models will also be written in the two component format, with a percentage fee and per-transaction fee above Interchange. This allows merchant service providers to price their accounts fairly, [...]

Why can’t you tell me exactly what my rate will be?

We highly recommend reading through our “What is Interchange?” and “What is Interchange-Plus Pricing?” pages, as they’ll discuss this topic in more depth. But, we understand the desire for a quick answer. The answer to “Why can’t you tell me what my rate will be?” is Because Dharma’s fees are directly [...]

What are the Telecheck Fees?

Telecheck fees are very straight-forward, at 1.50% of check volume, and $0.20/check transaction. Telecheck does not have a monthly fee or monthly minimum processing requirement. To sign up with Telecheck, you’ll be required to utilize Clover POS. There are no hardware requirements as long as you use Clover Station, Mobile, or Mini – that [...]

What am I responsible for?

It’s a reasonable question – and a good one to ask. Consider credit cards like any other form of payment. All payment forms carry an inherent risk. Someone can pay you by check, but the check can bounce. You can accept cash, but your store can be broken into or [...]

PIN Debit Annual Fees

When you accept PIN debit transactions, you’re processing over different networks than what Visa/Mastercard/AMEX use. These PIN networks are managed separately, and charge annual fees for their usage to MSPs like Dharma. Dharma always passes these fees through at cost. Each PIN debit network has a different annual fee, ranging between $8 and [...]