Yes, SpinTel does charge a processing fee for most transactions, which varies depending on the payment method.
This fee is necessary to cover the credit card surcharge imposed on transactions, as outlined in SpinTel’s terms and conditions.
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.
Simply nominate to pay your bill via Direct Debit bank account.
Article ID: 517
Created: April 9, 2024
Last Updated: April 30, 2024
Author: Annive Federicos [annive.federicos@spintel.net.au]
Online URL: https://articles.spintel.net.au/article/payment-method-and-its-processing-fees.html