Virtual Card Services Namibia (Pty) Ltd fee structure is set out as follows:
|Set-up fee:||N$ 287.50 once off|
|Authorization Fee:||N$ 0.58c per authorization|
|Settlement Fee:||N$ 0.58c + 0.86% of the value of the transaction|
|Monthly Fee:||N$ 175.00 exclusive of VAT.|
Transaction Count per Month
Monthly (excl. VAT)
|1||1 - 299||N$ 0.58||N$ 0.58||0.86%||N$ 175.00|
|2||300 - 999||N$ 0.58||N$ 0.58||0.81%||N$ 175.00|
|3||1,000 - 2,999||N$ 0.58||N$ 0.58||0.75%||N$ 175.00|
|4||3,000 - 4,999||N$ 0.58||N$ 0.58||0.69%||N$ 175.00|
|5||5,000 - 9,999||N$ 0.58||N$ 0.58||0.63%||N$ 175.00|
|6||10,000 +||N$ 0.58||N$ 0.58||0.58%||N$ 175.00|
These discounts will only be determined 3 whole months after the terminal has been activated and where applicable, new rates will be applied the following month for a duration of 3 months.
The monthly fee is effective on a pro-rata basis, payable at the end of the month in which the merchant’s terminal is activated, or a minimum of 30 days from the date that the VCS Merchant Agreement is signed. The merchant will receive a monthly VCS tax invoice via e-mail and all fees due to VCS will be collected via online collection facility directly from the merchant’s charges nominated account within the first week of every month.
Note that all fees quoted in this document are inclusive of 15% Namibian VAT.