How does the 4SPEND fee calculation works?

The 4SPEND’s acceptance commission will be precisely determined after a demand survey.
We want to give you the most favorable offer, and to that, we’ll need some exact details about your business.

For the personalized pricing we’ll need:

– your business’s turnover in the last 12 months (net revenue)

– the average sales per customer in the last 12 months (average basket)

If you opening a brand new business, we’ll need a precise estimation about the expected turnover and the average basket in the future!

Please, contact us!

What does the 4SPEND fee composed of?

Fees per transactions: Acquirer fee + Interchange fee + Scheme fee

Acquirer fee: Other bank charges ( for e.g.: transaction processing fee, risk fee) and provider margin.

Interchange fee: In case of bank card payment, the merchant’s bank pays this to the bank card owner’s bank. This fee will cover the purchase-related costs for the bank card provider.*

https://www.mastercard.co.uk/en-gb/vision/terms-of-use/Interchange/European-interchange-country-rates.html

https://www.visa.co.uk/about-visa/visa-in-europe/fees-and-interchange.html

Scheme fee: Card organizations such as Visa or Mastercard charge a fee for handling and processing each transaction**

* The amount of the merchant fee is fixed by the application for the use of the Card Acceptance Service.
** Extent may vary by interbank agreement or by credit card companies.

What is the cost of the 4SPEND terminal packages?

Monthly service fee per terminals*

4PRO (“The sexy”) from 5990 HUF*
4LITE (“The smart”) from 3990 HUF*
4M (“The mobile”) from 2990 HUF*

* * The indicated prices do not include VAT, or in case of an additional order, the prices may differ minimally. (Additionals can be selected during the contract.)

What are the statements mean?

In payment reports, we summarize the list of electronic transactions and the amount of payments associated with them. In addition, you can continuously monitor transactions on the 4SPEND Admin platform interface.

Types of payment reports:
1. Daily traffic report
We deliver daily to the email addresses provided. The payment will be credited within two business days from the purchase.

2. Monthly payment report
It is usually delivered by the 5th day of the month following the month in question.

We would like to inform you that the availability of funds depends in a large measure on the bank that maintains your account.

When does my card income transferred to my account?

Settlement takes place at the end of the day. The amount received will be credited within two banking days of the transaction. The processes can be followed in the 4SPEND Admin Platform interface together with the indicators for additional card traffic.