Merchants with an annual card turnover of less than £150,000 (£12,500 per month) pay a monthly rental fee of £20 + VAT and the following transaction fees.
Rates are 1.4% + 5p for Visa, Mastercard and Maestro consumer debit and credit cards via chip or contactless processing, including for Discover and Diners Club. Business, corporate and premium cards have a higher rate: 1.8% + 5p per chip or contactless transaction.
American Express fees depend on your business, so a quote is needed for during registration. Amex typically costs more than other cards, e.g 1.6%-2.5% + fixed fee.
The fixed authorisation fee of 5p applies to all transactions. Though small, this raises the overall percentage cost of low (e.g. £5 or £10) transactions significantly.
For card-not-present transactions (online or keyed), you pay an extra 0.4% for consumer cards or 0.5% for business cards.
Those with an annual card turnover higher than £150,000 pay £15 + VAT for rental and personalised rates only disclosed at sign-up.
These fees are based on your type of business, card turnover, how you took the payment and the type of card (request details here).
Dojo may apply additional fees to cards issued outside the UK, like +0.05% if issued in the EEA or +0.95% if issued outside the EEA.