This article outlines the fees you can expect to pay if your merchant processor is Argus. This information is intended as a general guide. Contact your merchant processor to obtain specific information about your account.
All fees are listed in USD.
Required fees
| Fee | Amount (USD) | Description |
|---|---|---|
| Merchant processing approval fee | $159 | A one-time fee charged when your merchant processing account is approved. |
| Gateway fees | $16/month; $0.11/transaction | Monthly gateway fees are charged on the first of the month for the upcoming month’s usage. Transaction fees are charged at the beginning of each month for the previous month's transactions. Transaction fees are charged for every transaction, including refunds and voids. |
| Annual maintenance fee | $199/year | Argus charges this fee annually in December for the maintenance for your account. |
| PCI compliance fee | $189/year | An annual fee, billed in June, for keeping your business in accordance with PCI compliance, as required by Visa and MasterCard. There is a PCI validation program to ensure your business has met the PCI requirements of Visa and MasterCard. |
Optional fees
The following fees will only be charged if you have applied for the specific service.
| Fee | Amount (USD) | Description |
|---|---|---|
| ACH processing fees | $30/month; $24.95/quarter; $0.30/transaction | ACH processing allows you to debit your clients’ bank accounts directly. If you apply successfully for this service, you will be charged a monthly fee, a quarterly compliance fee, and a fee per transaction. |
| Next day funding fee | $7/month | A monthly fee for the daily transfer of funds from your processing account to your bank account. Sales made by the end of the current day (5:00 p.m. EST) will be deposited into your account at the beginning of the next day (8:30 a.m. EST). The current and next day are determined based on batch time. Batch times can vary by state/province, so please reach out to your respective processor to understand deposit times. You must qualify and be approved for this service. |