This news comes straight from Payfirma’s CEO, Michael Gokturk:
The new rates are 1.99% and 25 cents per transaction and that’s it! No setup fee, no monthly fees, no app fee â€“ nothing! Just pay when you swipe.
The fee has been reduced from 2.50%. Payfirma can be used without a swiper, as credit card numbers can be entered right within their iPhone app. Swipers cost $99, but are free to accounts with $500K in volume.
Kudos Payments costs $49.99 to setup, but that includes a terminal and both merchant and POS software. Transaction charges are 2.90% + $0.20.
Great to see Canadians now have some viable mobile payment options, right from their iPhones. Click here to sign up for Payfirma.