Payment Method and its Processing Fees
Estimated Reading Time: 1 MinutesDoes SpinTel charge a processing fee?
Yes, SpinTel does charge a processing fee for most transactions, which varies depending on the payment method.
Why does SpinTel charge a processing fee?
This fee is necessary to cover the credit card surcharge imposed on transactions, as outlined in SpinTel’s terms and conditions.
What processing fees apply?
Below is a list of the payment methods and their associated processing fees.
Note: Transactions can only be processed using Australian banks; banks from other countries are not accepted.
|
Payment Method |
Processing Fee |
|
MasterCard, VisaCard (Credit or Debit) |
1.0% of the payment amount, plus GST |
|
American Express, Diners Club |
3.8% of the payment amount, plus GST |
|
PayPal |
2.6 % of the payment amount, plus $0.30 GST |
|
Direct Debit from a Bank Account |
No processing fee |
Here’s a sample computation for the total processing fee:
Mastercard processing fee is 1.1% including GST.
Bill amount $100
Processing fee is $100 x 1.1% = $1.10
This fee will be reflected on the next monthly bill.
Note: There is no processing fee for the payment of your last bill.
How can I avoid incurring the processing fee?
Simply nominate to pay your bill via Direct Debit bank account.
