Setup Cost and Yearly Subscription
When you onboard with SwiF you will be charged a one-time setup fee and a yearly subscription fee.
The amounts depend on the package that you have selected. Besides your transaction fee, the yearly maintenance fee is the only additional cost incurred to you.
Payment Methods and Merchant Discount Rate (MDR)
The MDR will vary depending on the package you choose and the payment method selected.
Settlement Parties
The settlement party is the company or acquirer responsible for transferring funds to your merchant bank account. Please be aware that not all payments will be processed by Syntrino Solutions, and this will be reflected in your merchant bank statement.
Settlement Frequency
Depending on the plan you choose, the settlement frequency will be slightly different.
âTâ represents the transaction date + the number of days for the settlement to be transferred to your account.
