CentralPay's service costs are divided into 3 categories:
- Interchange fees related to credit card transactions
- Technical costs per operation
- CentralPay operating costs
CentralPay's service costs are divided into 3 categories:
The interchange is the value charged by the issuing institution of a credit card (the customer's bank) to the acquiring institution (Centralpay).
The Card Scheme Fees correspond to the fees taken by the Cards networks (Visa, Mastercard, CB) to make the service work.
They are named as follows:
Interchange fees + card network fees (card scheme fees).
Interchange fees + card network fees (card scheme fees) + CentralPay operating costs
Centralpay's business model is “INTERCHANGE ++”
Since December 2015, interchange has been standardized in Europe. Outside the European Economic Area, costs are higher and less homogeneous.
In order to allow the "Platform" account to know the possible costs of a Card transaction, CentralPay provides the card details in the JSON (Javascript) of the Card object:
If the card was issued from the European Economic Area, then the Intraregional interchange rules apply.
TIP: to know the cost of a transaction, proceed as follows:
Example of a JSON return from the Card object:
"card": {
"cardId": "9140aec5-0c6e-4c70-a6c2-b96e43792d03",
"merchantCardId": null,
"creationDate": "2018-08-13T14:31:07.009+02:00",
"commercialBrand": "VISA",
"first6": "400000",
"last4": "0002",
"expirationMonth": 12,
"expirationYear": 2018,
"country": "fr",
"cardholderName": "John DOE",
"cardholderEmail": "jdoe@gmail.com",
"description": null,
"customerId": null,
"fingerprint": "7b3572ef401515f48ed58282bbedad69236408e3",
"additionalData": {},
"cardTokenId": "ea9d68cd-152b-4176-8911-5e1a5062bcfa",
"cardType": "debit",
"region": "EU",
"productType": "consumer",
"europeanEconomicArea": "true",
},
CentralPay charges a unit VAT expense on each transaction in or out of its "Platform".
Unit fees per transaction: 0.15 €.
These fees include the following costs: authorization fees, capture, costs, clearing fees, 3DS charges, anti-fraud charges, SMS fees.
Unit fees per operation: 0.50 €
Free
Fees by outgoing transfer: 0.15 €
CentralPay invoices its "Payment Service Agents" for running costs based on the volume of transactions in a given month.