TowPay is a pay-as-you-go account with no monthly fees!
CARD-PRESENT: 2.9% + $0.30
What is considered a card-present (CP) transaction?
A card-present (CP) transaction occurs when payment details are captured in person. This can include cards that are physically swiped via a card reader machine or tapped or dipped via a card reader. This also includes mobile wallet transactions like Apple Pay or Android Pay.
CARD-NOT-PRESENT: $2.9% + $0.30
What is considered a card-not-present (CNP) transaction?
A card-not-present (CNP) transaction happens when a credit card isn't physically presented when processing the transaction. More specifically, a CNP transaction means the card wasn't in contact with a payment terminal and the card number was keyed in at the point of sale.
Transaction fees are taken out before you receive your deposit into your bank account. HJere is a breakdown of a $100.00 transaction.
- $100.00 - ($2.90 + $0.30) = $96.80 PAID OUT to you