You would have received an email detailing the nominal transaction fee applicable to you. This amount is deliberately kept affordable to all merchants, based on the average transaction volume and average number of transactions from each merchant.
Pace is committed to subsidise the rising cost of transactions as far as it is commercially viable to do so, which we continue to do even after starting to pass on a small amount to merchants. This also allows us to be commercially competitive while being self-sufficient as a business.
You may also wish to note that Transaction Fee will be subjected to prevailing government taxes, in markets where Pace is tax-registered. Please refer to the table below for reference.
If you have further questions, please feel free to drop us a line here.