What is myPOS Blended Service Fee?

When myPOS processes a transaction, myPOS is required to give a percentage of the funds collected on your behalf to relevant card scheme involved in the transaction. This percentage consists of Interchange and Scheme Fees, fees that vary per transaction depending on a number of card criteria. To simplify the fees payable by you, and offer you a consistent fee for each transaction, myPOS offers its Services at a blended Service Fee. For greater transparency on how the fees payable by you are calculated, myPOS summarizes all Interchange and Scheme Fees. In addition, a detailed split of the Interchange charged for each acquiring transaction processed by myPOS is available in the transaction details section of your myPOS account.  

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