How Much Does Verifone Charge for Transactions?

By Olivia Johnson - Trusted UK Business Expert

Last Updated 16th of April 2025

4 minute read

If you’re considering using Verifone for payment processing, understanding their transaction charges is essential. We’re here to break down exactly how much Verifone charges, so you can make an informed decision about your payment solutions. 

Verifone typically charges merchants based on several factors such as transaction volume, type of transaction, and your specific pricing agreement. While rates vary, they often charge a combination of per-transaction fees and monthly service charges. 

Want to know the exact charges for your business? We’ll explain how Verifone structures its fees, the different pricing models, and how they apply to different types of transactions. Let’s dive deeper into the specifics. 

Want transparent payment processing costs? Discover how much Verifone charges per transaction. Get started below.

How Much Does Verifone Charge for Transactions? 

Verifone provides payment processing solutions for businesses, and its fees can vary based on several factors. Typically, Verifone charges for transactions in a combination of flat fees, percentage-based fees, and sometimes additional service fees depending on the plan you choose. Businesses using Verifone’s point-of-sale (POS) systems will generally be faced with costs for each transaction processed, which can depend on the volume of payments, the type of card used, and the level of service required. 

When you’re using Verifone for processing payments, several types of charges can apply: 

• Transaction Fees: The main charge that businesses face is a transaction fee, which can be a flat rate or a percentage of the transaction amount. For example, Verifone might charge a fixed amount for debit card transactions or a percentage of the value for credit card payments. These fees can vary based on the type of card, with credit cards generally incurring a higher fee than debit cards. 
• Monthly Service Fees: Aside from transaction fees, Verifone may charge a monthly service fee for access to their POS software and technical support. This service can also include updates to the system and security features to ensure your business remains compliant with industry standards. Monthly service fees can vary depending on the service package chosen. 
• Equipment Fees: Verifone provides payment terminals, which come with their own costs. Depending on whether you buy or lease your equipment, you may incur a one-time equipment fee or a monthly rental charge. These fees depend on the type of equipment used, such as countertop terminals or mobile devices. 
• PCI Compliance Fees: If your business handles sensitive payment data, Verifone may charge for PCI (Payment Card Industry) compliance. This is an important service to keep your systems secure and meet legal requirements for payment processing. 
• Chargeback Fees: In the event of a chargeback (a reversal of a payment, typically due to fraud or a customer dispute), Verifone may charge additional fees. Chargeback fees can vary depending on the transaction and circumstances. 

How Fees Are Calculated 

The fees Verifone charges for transactions depend on a variety of factors. These include the type of card used, the transaction amount, the payment gateway, and your individual agreement with Verifone. Generally, the charges are broken down as follows: 

• Per Transaction Fees: Typically range from £0.10 to £0.25 for debit card payments and can go up to 3-4% for credit card payments, depending on the agreement. 
• Monthly Service Fees: Verifone may charge monthly service fees ranging from £10 to £30, depending on the level of service you require and your business size. 
• Equipment Charges: The cost of payment terminals or card readers ranges from £30 to £300+ depending on the model and whether you’re buying or leasing. 

It’s worth noting that Verifone offers customised pricing based on your business needs, so charges can vary widely. 

What Other Fees Should You Be Aware Of? 

While transaction fees and monthly charges are the most common costs, there are a few additional fees you might encounter with Verifone. These could include: 

• Batch Fees: These are small charges for processing a group of transactions. They are typically charged if you process many payments in a batch rather than individually. 
• International Fees: If your business processes payments in foreign currencies or for international customers, additional international fees may apply. This is particularly relevant if you’re accepting cards from outside the UK. 
• Refund Fees: In some cases, Verifone charges a fee for processing refunds. These charges can vary depending on the reason for the refund and the card type involved. 

Understanding these extra fees is crucial to getting a complete picture of your overall costs with Verifone. The key is to review your agreement carefully and ask questions about any hidden fees before signing up. 

Can You Negotiate Transaction Fees with Verifone? 

Yes, transaction fees can often be negotiated with Verifone. The charges depend largely on the volume of transactions your business processes. If you have a high transaction volume, you may be able to secure lower rates. Smaller businesses with lower transaction volumes may find that their fees are higher, but it’s always worth discussing your pricing structure with Verifone’s sales team to explore more affordable options. 

Verifone is known for being flexible with its pricing, especially for businesses that are growing quickly or have specialised needs. Working with Verifone to understand your unique situation and negotiating accordingly can help ensure that you get the best rates. 

Verifone Charge for Transactions: How to Lower Your Costs 

To minimise the impact of transaction fees, businesses can take several steps: 

• Review Your Agreement Regularly: 
  As your business grows, you may qualify for better rates, so it’s worth reviewing your contract periodically. 
• Encourage Debit Card Payments: 
  Since debit card transactions often have lower fees than credit card payments, encouraging customers to use debit cards can help lower costs. 
• Use Integrated Payment Solutions: 
  Verifone offers integrated payment solutions that can help streamline your payment processes and potentially lower costs by reducing manual processing time and errors. 
• Choose the Right Equipment: 
  Select payment terminals that are suitable for your business needs. Avoid overpaying for unnecessary equipment. 

If you’re looking to reduce transaction costs or are just exploring your payment options, click the link below for a detailed comparison of Verifone’s fees and how you can save. 

Explore Verifone’s pricing structure in detail and find out how you can optimise your transaction fees today. Click the link below for more information and to get started. 

FAQ 

What’s the average cost of a Verifone transaction?

The average transaction fee can range from £0.10 to £0.25 for debit cards, and 2-4% for credit cards, depending on the agreement and transaction type.

Does Verifone charge for refunds?

Yes, Verifone typically charges a fee for processing refunds, which can vary based on the circumstances.

Can I negotiate Verifone’s transaction fees?

Yes, especially if you process a high volume of transactions, you may be able to negotiate a lower rate.

Does Verifone charge monthly fees?

Yes, Verifone typically charges a monthly service fee, which can range from £10 to £30 depending on the plan.

Are there any additional fees with Verifone?

Yes, there could be additional fees for chargebacks, PCI compliance, or international transactions, among others.

By understanding how much Verifone charges for transactions and how to manage these fees effectively, you can make more informed decisions about your business’s payment solutions.