Since you already pay a fixed monthly fee on the Ready Made plans, there is no monthly minimum service charge. In fact, the monthly cost works like a replacement for the monthly minimum charge that other merchant service providers normally require, so EVO might not be cheaper in that regard.
For example, if you only accept £1000 on the Ready Made 3000 plan (where £3000 monthly sales are included), you pay the same £45 charge that month as when you accept £3000 in card payments another month.
Let’s contrast this with a pay-as-you-go solution. With Zettle, you only pay 1.75% for transactions accepted, amounting to £17.50 for £1000’s worth of transactions and £52.50 if you accept £3000. Zettle’s fixed rate is on average higher than EVO’s transaction fees, but fewer card transactions through EVO is more expensive when you’re not near the monthly maximum limit of your pricing bundle.
What about refund processing? It costs 50p per refund processed, which is comparable to other merchant service providers.
With EVO, merchants can use any bank account (linked to their business) to receive payouts the next working day for £4 per month. Standard settlement – taking up to 3 working days – is otherwise free.
If a customer disputes a transaction with their bank, a chargeback fee of £15 is applied.