With Trybe Pay we use an Interchange++ pricing model
Now, you may be wondering what interchange++ is…
There are three distinct cost components when an acquirer processes a card transaction:
The Interchange fee, which is paid to the card issuing bank (i.e. Monzo, Starling, Santander)
The scheme fee, which is paid to Visa or Mastercard and is represented by the first "+". Here is a guide explaining the interchange fees further and how they are calculated by merchants in different countries - see link.
The acquirer fee, which is represented by the second "+" and is charged by the acquirer (Trybe powered by Adyen). For a given transaction the acquiring fee is a fixed markup of 1% plus 20p.
Card authentications are charged at 10p per card authorisation.
How and when will I get paid out if I use Trybe Pay?
Your money arrives 14 days (excluding bank holidays) after each transaction date. These are the terms set by our payment provider.
Completed payments and refunds are added into subsequent Payouts which are processed 14 days in advance. Payouts are generated daily and all transaction fees are subtracted from the Payout amount.
You'll find a record of all Payouts in your Reports section > Finance > Payouts - See guide. (See screenshots). After the initial 14 days to receive the first Payout, each sequential Payout will be daily.
