With your Merchant account, fees are charged at different times during the billing cycle. Fees are either withdrawn directly from your bank account or deducted from your deposit, depending on the billing structure you chose. We've summarized the most common fees below to help identify charges to your account.
Summary:
| Fee name | Date withdrawn |
| Merchant Discount | Daily or 2nd business day |
| Transaction | Daily or 2nd business day |
| Interchange | 2nd business day |
| Card Brand Fee | 5th business day |
| Terminal Rental | Mid month |
| Terminal Maintenance | 15th of the month |
| Payfirma Account Fee | Last day of the month |
These fees can be billed daily or monthly, depending on how you prefer your account to be set up.
- With daily fees, they will be charged each day based on the total submitted processing volume.
- With monthly fees, the amount will be deducted from your bank account on the second business day of the following month.
- The interchange differential is withdrawn on the second business day of the month for all of your previous month's processing volume.
- Card brand fees are based on the previous month’s sales and are charged on the 5th day of the second following month. For example, card brand fees for the month of February will be charged on April 5th.
Transaction
- All transaction fees are charged on the same date as the merchant discount fees.
Terminal Rental
- Rental fees are withdrawn on the 15th of the month or the next possible business day.
Terminal Maintenance
- Maintenance fees are withdrawn on the 15th of the month or the next business day.
Payfirma Account Fee
- Payfirma withdraws your monthly account fee on the last business day of each month.
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