Safepay fee breakdown

Our founding principle is to be completely transparent about our pricing model with our merchants. Across all our payments channels and including all of our supported currencies, we charge the same transaction fee. In the interest of transparency, we are providing the community with a breakdown of Safepay's fees. We believe that in the long run this is a small price to pay for accepting major forms of payment from customers worldwide. We guarantee that there are no hidden fees, no yearly fees and no minimum balance to maintain in order to use Safepay. 

Here is the breakdown of our transaction fee:

Card based payments

The fee that Safepay charges per transaction is based off of the expense Safepay has to bear for multiple business partners and stakeholders to carry out your transactions successfully. We charge 2.9% + Rs30 (Exclusive of tax) for Domestic transactions and 3.2% + Rs30 (Exclusive of tax) for International Transactions.

The fee that Safepay charges is further broken down into the following heads:

1. Cybersource fee (USD): Cybersource fee is on a API call level. Every API call that is made to carry out a transaction has a payable charge to it which is beared by Safepay. This mean even in cases of failed transactions, Safepay will be charged. 
2. Card Scheme fee (USD): Card scheme (Visa/Mastercard) charges us on two levels:
   1. Per transaction fee
   2. Quartely BIN usage fee (Bank charge for sponsoring BIN)
3. Payment processor fee (USD): Payment processor charges us with slab rates where there is a fee associated with transaction volume. Each transaction has a fee that the payment processor charges and is payable by Safepay.
4. Merchant settlement bank: The merchant settlement bank (bank that settles merchants their amount) has a certain percentage that they deduct per transaction. 
5. Interchange fee: Interchange fee is charged by card schemes based on the type of card used by your customer. This fee changes per card.
6. Tax: Safepay is responsible to pay tax on all the payments it make to its business partners plus any revenue generated. Safepay tax breakdown is given below:
   1. Non-resident tax: This is the tax we pay on invoiced payments to our Non-resident (Out of Pakistan) business partners like Cybersource.
   2. Resident tax: This is the tax we pay on invoiced payments to our resident(in Pakistan) business partners like Euronet (payment processor) and UBL.
   3. FED/Sales tax: This is the tax we pay on the fee that we charge per transaction