What are the charges to use Paysafe?
|Europe||Click Here||2.79% + €0.25/txn|
|UK||Click Here||2.79% + €0.25/txn|
|US||Click Here||2.75% + $0.20/txn|
|CAD||Click Here||2.75% + $0.20/txn|
Chargebacks, Retrievals, Reversals and Failed Txn Fees
|Region||Chargeback||Retrieval||Reversal||Failed Txn Fee|
Once the member makes the payment, the funds will be immediately transferred to Netbanx, the settlement will take 2 business days and after that, it will take from 1 to 3 business days to transfer the funds to your bank account.
Best case scenario: 3 business days
Worst case scenario: 5 business days
How often do I have to pay the Payment Fee?
The settlement fee or “payment fee” is charged every time a club processes payments.
Are there any limits of transactions that can be done?
No, however unusual or atypical transactions like sudden rise of balance, or transactions from the flagged or suspicious account will be held back by the Risk Management team, in which case the club will be contacted by this department or the bank itself.
Do members get notified about the transaction?
No, they don’t get notified. That is really up to the member’s bank if the bank has that feature.
Does the club receive notifications of failed transactions?
The club can enable scheduled reports to receive notifications of various types of transactions such as failed transactions. To do that, go to they Paysafe Portal (Back Office) > Reports > Scheduled Reports > Add Report and select type of notifications. Then just adjust the parameters and enter the notification email.
Yes, the club will be charged the Return Fee each time until the bank blocks the transaction. Therefore, it’s recommended to contact the member after one failed transaction before attempting the payment again.
However, the club can contact email@example.com to enable Velocity Rules. This will prevent several attempts to happen within a specific time frame. For example, the club can request that an account can only be sent one transaction request every 2 weeks.
If a member has insufficient funds, will that show in Virtuagym too?
No, the only way to find out if a client has insufficient funds is after a transaction has been executed, in which case the invoice will show a failed transaction.
To find out why the transaction failed, go to your paysafe portal and run a report to see more details of the transaction.