Cayan Traditional merchant services for high-volume sellers.
But average interchange plus pricing for Cayan is.
However, Cayan is more economical at $30,000 per month.
Cayan offers traditional merchant services with a variety of rate options.
Many payment processors like Square, PayPal, and Cayan include a payment gateway with their service;
As the table shows, Cayan's fee is nearly 18 cents more than Square on a $10 purchase.
Cayan Tower in Dubai is the tallest building in the
world with a twisted shape to 90 degrees.
If you sell more than $30,000 per month, an interchange plus provider like Cayan can be more economical.
This means that Cayan will add 0.5% to the card issuers' interchange rate,
plus charge you 15 cents per transaction.
You can get a merchant account from your bank, from an all-in-one provider like Square, or through traditional processors like Cayan.
On our Cayan review page,
business owners don't like the extra monthly and annual fees but say that Cayan has excellent customer service.
Cayan's fee was 49 cents lower than Square on a
$100 purchase, and this savings becomes even more pronounced as the sales values increase.
Essentially, using a service like Cayan makes sense if you have high sales
volumes where the savings on transaction fees will outweigh the monthly and yearly fees.
So, with Cayan, businesses typically pay a monthly fee of around $7,
and annual Payment Card Industry(PCI) compliance fee of about $99, and a fee for each transaction processed.
Cayan has lower rates of 2.01% plus cents 25 for
Visa charges but requires a $16 service fee every month, plus you need to pay for a POS system separately.
Interchange rates can vary, but based on an average Visa retail interchange rates for credit card and debit card sales,
here's a look at the fees you will pay with a provider like Cayan:.