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merchant service commission fees on Masterpass?

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vim
New Contributor

Hi, does anyone know what service commission fees Standard Bank charges businesses on Masterpass transactions?

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Tomokawa
New Contributor

Just get a bitcoin merchant account on WELLCOINEX or something. The charges there are almost non-existent and you're getting access to operation in all the fiat- and crypto- currencies. You can easily add it to your e-commerce website and all the systems are extremely adjustable on all the levels.

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vim
New Contributor

Thanks, but not the ideal solution for my local business. SnapScan takes 2.2%, Zapper takes 3% and Masterpass is free to customers and merchants... with a note that banks could charge a service commission. I'd like to know whether Standard Bank charges a service commission and the rate.

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