Credit Card surcharge

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When accepting a new mortgage instruction file through the Assyst Real Estate platform, after being connected the users clicks on “Accept” for a file.

For every new file acceptance transaction makes using a credit card (VISA and MasterCard only) as the payment method, a credit card surcharge will be added.

The credit card surcharge is obtained by multiplying the existing File Acceptance Fee by 2.4%, for properties located in all provinces (except Quebec).

warning_FILL0_wght200_GRAD0_opsz40   The credit card surcharge is a not a taxable amount.

warning_FILL0_wght200_GRAD0_opsz40    The percentage amount for the credit card surcharge may differ from Visa to Mastercard.

When Credit card is selected as the payment method, the Accept File dialog window will display the following details:

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Example of file acceptance fee calculation for a property in the province of Ontario:  

Details

Amount

Accept file

$69.00

GST

$0.00

HST

$8.97

File acceptance total

$77.97

Credit card surcharge

$1.87

Grand Total

$81.23

 

warning_FILL0_wght200_GRAD0_opsz40   The credit card surcharge details will be displayed in the Accept File page details