Simple, Transparent Pricing - No Surprises
Payment Terminal Accounts
Minimum monthly fee: £20
Only pay the difference if fees fall below that
Phone & Subaccount Use
Minimum £1/month per Subaccount (if used)
Charged monthly in arrears via Direct Debit
Cancel Terminals Anytime
30 days notice
£100 terminal return fee
No long term contracts
How we charge you for instantdebit Open Banking
We charge monthly in arrears. So on the first working day of the month following the transactions you make we will take payment by Direct Debit. There is a minimum charge of £1 for each Main Account Subaccount if they are used for any payments. If the account is used then the minimum monthly charge is £1.
How we Charge you for Payments Using instantdebit Open Banking Payment Terminals
All you pay is a Minimum Monthly Service Charge. If the fees accrued are less than £20 per month then you will pay us the difference between the accrued fees and £20. If you accrue fees that are more than £20, then we charge you this amount. We charge monthly in arrears. So, on the first working day of the month following the transactions you make we will take payment by Direct Debit.
Cancelling Your instantdebit Agreement for Payment Terminals
After giving us a month’s notice and paying a £100 cancellation fee, you only need to return the payment terminal to us. There is no long-term contract and no hassle.
All fees are subject to VAT.