Costs associated with obtaining a merchant account

In order to trade online and use the Protx service, you will need to obtain an Internet Merchant Account. If you are planning on using our virtual terminal for mail order/telephone order payments, your merchant bank will probably require you to set up a Mail Order/Telephone Order (MOTO) merchant number.

The costs associated with this will vary from bank to bank. The rates you will be charged depend upon a number of factors such as the length of time your business has been established, what type of industry you are in and your turnover. Consequently, it is difficult for us to estimate how much this will cost you.

However, you will usually be charged a set-up fee, a percentage rate for credit card transactions and a flat rate for debit card transactions. Over time, as you build a relationship and business history with your bank, you can usually re-negotiate your rates.

To find the contact details of the banks we work with please click here.