27.21 855 5596 info@1001.za.net

Deciding on the right payment gateway can be confusing, it’s almost like comparing the prices of various medical aids.  I have drawn up a simple comparison matrix that you can use as a guide, that is not meant to be comprehensive.

iVeri

Monsterpay

Sage

Payfast

VCS

MyGate

Website Visit Visit Visit Visit Visit Visit
Setup Fee  R1200  FREE  R1200  FREE None during test phase  R250 minimum
Cost Per Month  R385pm  FREE  R385pm  FREE  R145 pm minimum  R250 pm minimum
Cost Per Transaction  2.5%  4.5%  2.5%  3.9%  0.5% (see below)  0
Additional amount per transaction 0 +R2.00 +R2.00  R 0.50c per authorisation
Settlement Fee: R 0.50c + 0.5% of the value of the transaction
 R1.80
Includes Free transactions  0  0  0  0  0  138 minimum
VAT  Ex VAT  Ex VAT  Ex VAT  Ex VAT  Ex VAT  Ex VAT
 
Credit Cards accepted
VISA Yes Yes Yes Yes Yes Yes
Mastercard Yes Yes Yes Yes Yes Yes
American Express  Yes  Yes
Diners Club  Yes  Yes
Reduced prices for charities  No  No  No  Yes  No  Yes