PayaCardServices Review

Paya Merchant Account Pricing

PayaCardServices offers a wide range of products and services under its various affiliate brands, but it has released some basic pricing details about its credit card processing. Small merchants who do not require multi-channel payment solutions are encouraged to use the company’s Payatrader Lite service, which charges fixed pay-as-you-go pricing of 2.9% plus £0.30 (Visa/MasterCard) or 3.95% plus £0.30 (American Express) for all transactions. This Pay As You Go service charges a £99 one-time joining fee but the fee can be waived if a merchant requires only one payment channel. Payatrader Lite does not appear to come with any other monthly fees, contractual terms, PCI Compliance fees, or termination fees.

Face-to-face merchants will also need to obtain equipment for a separate cost. However, the company advertises several terminals which can be rented for as low at £13.00 per month without an undesirable long term equipment lease offered by many traditional merchant accounts.

Standard Merchant Account Pricing

The company’s standard multi-channel merchant account service for larger, established merchants charges a variable per-transaction fee of 2.9% plus £0.30 for merchants who process less than £500 per week, 2.7% plus £0.30 per transaction for merchants who process between £500 and £1,000 per week, 2.5% plus £0.30 per transaction for merchants who process between £1,000 and £2,500 per transaction per week, and 2.3% plus £0.30 per transaction for merchants who process more than £2,500 per week. American Express always costs 3.95% plus £0.30 per transaction, irrespective of weekly volume. This service typically charges a £99 one-time joining fee and a £3 for each new user ID, but there is currently no set-up fee associated with this account type. The standard merchant account does not appear to come with any other monthly fees or long-term commitments.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, PayaCardServices also dedicates a portion of its website that advertises its virtual terminal and payment gateway services. The monthly gateway fee for this service is £20. Additional rates and fees, technical support fees, batch fees, and additional transaction rates typically may also apply to this e-commerce service.

POS Solutions

The company’s website also advertises its POS to GO Plan. According to PayaCardServices, this POS plan is utilized by over 30,000 of its customers. This service relies on Epos hardware to provide merchants with a POS option that can be used for mobile or storefront transactions. The monthly fee for this hardware begins at £69 or can be bought outright for £799.  Each piece of hardware is also equipped with POS software tailored for retail and hospitality businesses as well as 24/7 customer support.

No Pricing Complaints

We are currently unable to locate any merchant complaints that describe unexpected or exorbitant PayaCardServices fees. The company’s pricing is generally very flexible and transparently quoted, comparing favorably to some of the cheapest merchant accounts available. Whether it is a good fit for a merchant will largely depend on that merchant’s business type.