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.
The following fees will be charged for all services.
|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 of 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.|
The following fees will only be charged for applicable services.
|ACH processing fees||$30/month; $24.95/quarter; $0.30/transaction||ACH processing fee allows you to debit your clients’ bank accounts directly. If you book 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 early next day (8:30 a.m. EST). The deposit time is influenced by the batch time, which can vary by state/province. For more information about deposit times, please reach out to your respective processor. You must qualify and be approved for this service.