Understanding the services and associated costs of your payment gateway is crucial for financial planning and business operations. This article provides a comprehensive overview of PayMongo's wide array of online payment tools, in-store solutions, and financial services, alongside a detailed breakdown of our transparent pricing model. Learn about our transaction fees, installment rates, and how VAT is handled, ensuring you have a clear picture of what to expect when partnering with PayMongo.
PayMongo's Pricing Model: Transparency at its Core
PayMongo is committed to transparent pricing, ensuring businesses understand exactly what they pay.
No Setup, One-time, or Monthly Fees: You only pay when you make a successful transaction. There are no hidden costs for account setup or maintenance.
Per-Transaction Rate: Our pricing model is based on a per-transaction rate, meaning you are only charged for payments that successfully complete.
VAT-Inclusive Fees: All of PayMongo's fees are already VAT-inclusive, which means there will be no additional deductions for VAT from your merchant payouts. PayMongo covers these costs on its end.
Detailed Transaction Fees and Rates
PayMongo's fees vary based on the payment method your customer chooses. All fees mentioned below are VAT-inclusive.
Payment Method | Type | Fee Rate | Additional Notes |
Cards | One-time Payment (Visa & Mastercard) | 3.5% + ₱15 |
|
| Foreign Cards | +1% | Applies to payments from non-Philippine issued cards. |
QR Ph |
| 1.5% |
|
E-wallets | GCash (incl. GCredit) | 2.5% |
|
| GrabPay | 2.2% |
|
| Maya | 2.0% |
|
Online Banking | BPI & UnionBank | 0.8% or ₱15 (higher value charged) |
|
| Brankas (BDO, Metrobank, Landbank) | 0.8% or ₱15 (higher value charged) |
|
Buy Now, Pay Later | Billease (Standard Package) | 1.5% |
|
Send Money | InstaPay, PESONet | ₱10 per disbursement |
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PayMongo's Comprehensive Services and Solutions
Beyond just payment processing, PayMongo offers a suite of products and solutions designed to support businesses at various stages and across different sectors.
Online Payment Tools
Payment Links: For simple, shareable payment requests, ideal for social media selling or invoicing.
Pages: Customizable, always-on checkout pages for products, services, or donations, with options for fixed amounts, custom amounts, or product catalogs.
Plugins: Seamless integrations for popular e-commerce platforms like Shopify, WooCommerce, Magento, and PrestaShop.
Express Cards: Designed for faster, secure card transactions.
API: For custom integrations, allowing businesses to build their own unique checkout experiences and complex payment workflows.
Promotions: Tools to create and manage discounts and coupon codes.
In-Store Tools
QR Ph Standee: For accepting quick, cashless payments in physical stores via QR codes.
Mobile App (Beta): Manage transactions and access tools on the go.
Financial Services
Wallet: A centralized platform for managing cash flow, allowing users to store, cash-in, and send money.
Capital: Financial solutions (e.g., funding) tailored for businesses.
Platforms: Enterprise management product for marketplaces and multi-merchant businesses to manage sub-accounts and payment splitting.
Virtual Card: (Coming soon) For secure, customized business payments.