At IdoPay, we distinguish two types of price lists:
In order not to fall into the trap of too high flat rates, we use 2 separate prices for:
In the standard price list, prices are assigned to subscription plans.
For PayByLink, BLIK, buy now pay later with PayPo payments (the most popular payments in Poland), we offer an individually negotiated, flat commission.
The fee for payments with credit cards is calculated using IF++ model. It's not the most known model of pricing, but it is promoted by Visa and Mastercard card organizations and the European Union.
In the IF++ model, the fee consists of fully transferred costs of interchange fees (IF) and payment processing (PF) and a small percentage margin (operator fee). Interchange prices are one for all payment systems from a given country and no payment system, regardless of its turnover, cannot get rebates on IF and PF rates.
Interchange fees (IF) are low for consumer credit cards (0.2-0.3%), but are much higher for business or non-EU cards (e.g. 1.6%).
In models with flat commission, transactions that are too expensive (e.g. business or non-EU cards) are rejected by the payment system as too expensive (e.g. when you have the 0.95% negotiated rate and the interchange alone is 1.35%). And there it doesn't matter that for example, you do not send parcels to Ukraine. It is enough if a person from Ukraine is in Poland and will pay with his card to make the transaction cost. So the cost of payment is not predictable before payment. Therefore, the payment system with too low flat rates may reject some transactions. Your store loses orders, even though you have spent money on advertising, for example. This is a common practice, though not very prominent.
That is why in IdoPay, in the case of negotiated prices, we use the very transparent IF++ model, thanks to which no transaction, due to the type of card or country of origin, will be rejected. Thanks to the IF++ pricing model, you do not have to renegotiate contracts, e.g. if you have a larger share of deposits from other countries, business cards. Such transactions will also not be cut, and this is important because, for example, a person from Ukraine may be in Poland and that person's card is from outside the EU.
Using the IF ++ model also protects both parties against renegotiations in the event of changing proportions of payments with different cards from different countries, changing currency share and average basket value. As a seller, you do not have to worry about the payment system claiming an additional payment or penalties in this settlement model, if the proportions or value of the payment will be different from the ones declared at the time of signing the contract. In IdoPay, you don't have to declare any proportions at all, because we only specify the margin added to the IF+PF cost.
Money from card payments go to the IdoPay account and are accumulated on your individual account.
Your money can be transferred to:
Transfer in any currency takes place without conversion, in the amount exactly like the accumulated funds.