Satispay has ordered a change in commissions paid by traders for subtle payments to 10 euros. First they were equivalent to zero: from April instead they will be measured with a fixed percentage for each transaction.
Satispay has announced that it will introduce the commissions on payments below 10 euros. He did it with a widespread press release in the last few hours. A minimum share, of course and that will not apply for all transactions but which marks A change of pace for the Italian Fintech Born in Cuneo in 2013. Satispay is one of the few Italian unicornstitle that is given to startups after passing the billion euros (or dollars) of evaluation.
The introduction of the commissions concerns specifically All payments under 10 euros fActs in the shops that have equipped themselves with the application. The commissions will be of the1% and will be applied to each transition. First the payment model was different. Under 10 euros the merchants who received money they did not pay commissions. Above 10 euros instead they had one Fixed commission of 0.20 cents. The commissions will be applied from April 7th.
The rules change for shops, not for consumers. Satispay explains that consumers will continue to Use the service for free. Certain. In the coming months we will also see the relapse of the new commissions on the cost of the products but we always talk about marginal expenses. Just to give some examples. The commissions will be of 0.10 cents For expenses from 10 euros, 0.20 cents for those of 20 euros, 0.50 cents for those of 50 euros e 1 euro for those of 100 euros.
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Satispay’s explanation: “Today the scenario is different”
Satispay is back from a round of investments from 60 million eurosjust scored last November. On that occasion he had promised new hires and the development of products that look to the world of investments. In the meantime, its founders think about how Organize the sources of earnings. In addition to the commissions on the operators, Satispay also earns from Commerce and on the payroll of Bullettinipagopa and car stamp.
Explains the CEO Alberto Dalmasso: “If 10 years ago the key to change the payment habits It was an intuitive app and a policy that did not require commissions on payments below 10 euros, today the scenario is different “.
