The transaction costs for debit and credit card payments will be charged by default the next business day.
They will be deducted from the payments of the previous day that will be deposited in your
account.
For example:
- On Monday you received €1.000 from payments.
- The transaction costs are, for example, €6,65.
- The VAT paid on transaction and subscription costs amounts to 1,40 euros.
- On Tuesday €991,95 will be deposited in your bank account.
The transaction costs and VAT are clearly mentioned in the report you receive every day by e-mail or that can be consulted online through myPortal.
The monthly subscription cost for Bancontact will always be charged on the first day of the month. The amount is deducted from the payments of the previous day that will be deposited in your account. The
payment is done for the entire month.