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What's with the £2 limit though? And what prevents me from splitting my payments into several £2 chunks?
by guidupuy 15y ago
What's with the £2 limit though? And what prevents me from splitting my payments into several £2 chunks?
- dazbradbury 15y agoThat's the cost to the seller: No set up fees, no monthly minimums, and no hidden charges. Simple, transparent pricing - we charge just 1% per transaction up to a maximum of £2.00.
- timruffles 15y ago£2 is the most you'll pay as a fee. 1% or £2, whichever is lower.
- justincormack 15y agoI wonder if there is a minimum of 1p? Either way this is potentially compelling for micropayment type solutions...
- timthorn 15y agoPresumably the fee is on the aggregate payment, rather than individual transactions. Edit: Hmm, with a ceiling of £2 that doesn't make sense. Oh well.
- alexchamberlain 15y agoThe limit is how much they charge you...
- dave1010uk 15y agoThe £2 limit is on the transaction fee, not the maximum payment. From the FAQs: ... you will never pay more than £2.00 for a transaction.
- rmc 15y agoI thought it was some sort of new 'micropayment' service aswell from the HN title of "Direct Debit API for 1% max £2". Twas only after reading the website that I realised the max £2 is for their fee.