Start today
& get paid on the
10th August
30th September
No
set up fees, monthly account charges or usage commitments
You are just minutes from taking your first payment
Clicking
the yellow links above will reveal additional options which let you
vary the payout rates
Payment for transactions in a calendar month will usually clear your bank
account by the 10th day of the following month.
Payment for transactions during a calendar month are made after we have
received funds from all the networks.
Payout dates will be adjusted for weekends & bank holidays.
This will show your payments inclusive of VAT. You will receive this amount
if you
are VAT registered.
This will show your payments excluding VAT. You will receive this amount
if you
are not VAT registered.
This will show your payments as a percentage. This is the same for purchases
with or without VAT.
This is our standard rate, which you automatically receive.
If you exceed 2,500 successful transactions a month, across all the tariffs
you have set up, you automatically get this rate.
Exceed 5,000 transactions in a month and you will get this rate for all
those payments.
If you are a charity, you can email us to start off on this rate.
| |
All
available tariffs for monthly contract & Pay As You Go subscribers
on all networks |
|
25p |
50p |
75p |
100p |
150p |
200p |
300p |
400p |
500p |
1000p |
 |
10.6p |
27p |
45.2p |
61.1p |
95.8p |
130p |
201p |
266p |
349p |
751p |
 |
8.8p |
25.3p |
41.1p |
62.3p |
96.9p |
130p |
201p |
263p |
368p |
736p |
 |
14.7p |
31.1p |
41.1p |
65.8p |
98.7p |
130p |
196p |
261p |
385p |
776p |
 |
10p |
27p |
41.1p |
62.9p |
94.6p |
133p |
200p |
263p |
368p |
745p |
 |
12.3p |
28.8p |
44.1p |
64.6p |
104p |
141p |
214p |
264p |
363p |
758p |
 |
10p |
21.7p |
27.6p |
43.5p |
66.4p |
89.9p |
113p |
150p |
224p |
451p |
| |
Average*
11.3p |
Average*
27.8p |
Average*
42.5p |
Average*
63.3p |
Average*
98p |
Average*
133p |
Average*
202p |
Average*
263p |
Average*
367p |
Average*
753p |
| |
How
do we compare with other companies? |
*Average
excludes Virgin due to their low marketshare |
Why are the payouts lower?
ImpulsePay only takes a small slice. The remainder goes to the network
operator to cover bad debt, network costs and profit margins. Sadly as
they own the network there is not much we can say or do about it!
Virgin’s cut is higher as they are a virtual operator; meaning they take
a slice along with T-Mobile, who provide the backbone infrastructure.
What can I do about it?
An easier billing mechanic allows the total number of transactions to
increase. Our payments take just 16 keystrokes to complete verses 120
for credit cards, significantly optimizing a major purchasing barrier.
If you need to increase margins, consider charging an additional booking
fee. This is similar to how popular ticketing websites handle transactions.
Payouts
& Charges
When will I get paid?
Payouts usually clear your bank account by the 10th day of the following
month. For the 60 day service, funds are dispatched the last day of the
month following.
Can you give me a payment example?
For January transactions: 10 day payments should clear your account by
Feb 10th & 60 day payments are made on March 31st & clears a few days
after.
Can I get a different tariff to the ones shown?
As Payforit is a cross network agreement, only the advertised tariffs
are currently available. As more become available, we’ll be adding them
on.
Do I need to do anything to get paid?
Before your first payment we’ll need to verify your bank & VAT status.
This simple procedure won’t take long, after which you’ll automatically
get paid every month.
I'm a charity, do I get a better rate?
Registered charities receive our highest band of payouts & may reclaim
VAT in the usual way. Sadly this is the best we can do, as operators do
not adjust their fees.
What is the pin message I could pay for?
This is a standard rate message sent to authorise a purchase. If you elect
to pay this, then the consumer would not have any additional charges to
pay.
What about other
networks like Tesco mobile?
Virtual network operators like Tesco & Asda mobile use other infrastructure
providers. This means our service works fine & you receive their provider’s
payout rates.
Does this service work outside the UK?
Currently this service only works with UK network operators. We’re working
to enable other countries around the world, however this is a slow process.
Can I run a subscription service?
Not at this time. We will be introducing a range of subscription options
once the regulatory requirements become more transparent.
What if a consumer doesn't pay their phone bill?
The network operators allocated money from their fees to cover bad debts.
Therefore, every successfully billed transaction we tell you about, you
get paid for.
What if you go bust before I get paid?
The mechanics of our payout service is set up as a standalone company
specifically for making your payment, covering you if anything happened
to us.
What's the cost to pay the pin code text?
If you pay the pin code message instead of your customer, we charge 3.2p
per transaction. This is also charged when a transaction fails (eg insufficient
credit).
