How it's calculated
Your Cost of Acceptance is calculated over a specific time period; either a month or year. The calculation includes costs such as your monthly plan fee, interchange and scheme fees and terminal fees. Your Cost of Acceptance is expressed as a dollar amount as well as a % of your net sales.
You can include other costs in your Cost of Acceptance, including:
- Payment gateway fees
- Fraud prevention services
- The cost of insuring against forward delivery risk
These costs must be able to be verified by official contracts, statements or invoices. They may be added to the Cost of Acceptance information provided by CommBank when determining your allowable surcharge rate(s).
You may not include any of your own internal costs when calculating your Cost of Acceptance (for example, labour or electricity costs).