The card transaction rate of the in-person subscription is the interchange fee (varies depending on specific card) + 0.2% + 10¢. If most of your cards are keyed-in the fee will be interchange fee + 0.3% + 20¢. The interchange rate can be as low as 0.05% + 22¢ for a Visa Debit card or as high as 3% + 10¢ for certain American Express cards. With a high volume of Visa Debit cards, for example, the overall cost of transactions can be quite low compared to the fixed rates of other card readers. If you have lots of corporate, foreign or premium credit cards, however, the rates could get higher than alternatives.
You have to pay a minimum of $25 in card processing fees a month to Payline, which would be achieved with at least a monthly turnover of $1,500.
Payline gives you a dedicated account manager and offers custom packages with, for example, a virtual terminal, POS systems and hardware solutions for any setup. This makes it a good long-term choice for those who make multiple thousands of dollars a month, but who want to start small with an Android credit card reader.
More about the card reader: Clover Go – how does it work?