Fees for online payments via Pin Payments are 2.0% + 1.60 AUD per transaction. Of this:
- 2.0% + 0.60 goes to Pin Payments
- 1.00 goes revolutioniseSPORT, and covers ongoing maintenance, development and integration of the payment portal
Fee calculation
Payment providers have a very specific order of operations. Their formula for transactional fees is below.
| Formula |
Example calculation for 100.00 payment |
Result |
| Final amount = (Amount + 1.60) / (1 - 0.02) |
Final amount = (100.00 + 1.60) / (1 - 0.02)
= 101.60/ 0.98
= 103.67 |
Purchaser pays 103.67
Merchant receives 100.00
|
Split multi-organisation fees
If you split money to other organisations (for example, you're a club and money is 'split' between your club and your association, and any levels above), then each level of organisation taking payment attracts the 2.0% + $1.60.
