Understanding Flat Rate

What is a Flat Rate?

A flat rate means that you pay a fixed fee for each transaction, regardless of the amount of the transaction. This pricing model is simple, transparent, and predictable.

How It Works:

Fixed Percentage: With a flat rate, you'll pay the same percentage fee on every sale, no matter how large or small the transaction amount is.
Consistent Costs: You won’t have to worry about fluctuating fees based on the transaction size, which can make it easier for you to budget and manage costs.
No Surprises: There are no additional fees for different types of transactions, which can give you more control over your expenses and ensure that you always know what you're paying for.

Example:

Let’s say your flat rate is 3.0% per transaction.
Whether you process a $5 sale or a $500 sale, you'll pay 3.0% of that total amount.

This makes the flat rate ideal for merchants who want simplicity, with no hidden or variable charges, and a more predictable cost structure.