Weavr Innovator Pricing

Version: 1.0
Published: 3 Dec 2019

Charges and Revenues
Bundle Type
 
TestStartRunGrowScaleReserve
£1000£2000£5000£12,500£25,000
Validity Period3 months6 months12 months12 months12 months
Debit Card Charges
  Card creation£-£-£-£-£-£-
  Monthly card fees£-£-£-£-£-£-
  Dormancy£-£-£-£-£-£-
  Load from funding account£-£-£-£-£-£-
  Authorisation£-£-£-£-£-£-
  3DSecure check£0.20£0.20£0.20£0.20£0.20£0.40
  Chargeback Processing excl. scheme fees£35.00£35.00£35.00£35.00£35.00£60.00
  Settlement - Domestic£0.45+1.10%£0.40+1.05%£0.35+1.00%£0.32+0.95%£0.30+0.90%£0.50+1.15%
  Settlement - Intra EEA£0.45+1.10%£0.40+1.05%£0.35+1.00%£0.32+0.95%£0.30+0.90%£0.50+1.15%
  Settlement - Outside EEA£0.80+1.65%£0.75+1.60%£0.70+1.55%£0.65+1.50%£0.60+1.45%£0.90+1.70%
 
Funding Account Charges
  Open consumer account (IBAN) in € only£12.00£12.00£12.00£12.00£12.00£20.00
  Open business account (IBAN) in € only£18.00£18.00£18.00£18.00£18.00£32.00
  Create funding reference (IBAN + reference)£-£-£-£-£-£-
  Receive funds - consumer£1.20£1.20£1.20£1.20£1.20£1.20
  Receive funds - business£6.00£6.00£6.00£6.00£6.00£6.00
  Withdraw - B2C£10.50£10.50£10.50£10.50£10.50£10.50
  Withdraw - B2B£15.50£15.50£15.50£15.50£15.50£15.50
  Monthly account fees£-£-£-£-£-£-
 
AML Compliance Charges
  PEP & Sanctions check - 1st check£0.40£0.36£0.33£0.31£0.30£0.90
  PEP & Sanctions check - per month (reqd)£0.16£0.15£0.14£0.13£0.12£0.30
  ID verification inc liveness & age£1.75£1.65£1.60£1.55£1.50£3.00
  Proof of address verification£0.95£0.90£0.85£0.80£0.75£1.70
  Sole trader registration docs check£6.00£6.00£6.00£6.00£6.00£10.00
  Ltd liability company registration docs check£20.00£20.00£20.00£20.00£20.00£35.00
 
Revenues
  Interchange - indicative (pass through basis)
    Consumer cards, purch. in EEA up to0.20%0.20%0.20%0.20%0.20%0.20%
    Consumer cards, purch. outside EEA up to1.15%1.15%1.15%1.15%1.15%1.15%
    Commercial cards, purch. in EEA up to1.65%1.65%1.65%1.65%1.65%1.65%
    Commercial cards, purch. outside EEA up to2.00%2.00%2.00%2.00%2.00%2.00%
  Foreign exchange markup, up to3.00%3.00%3.00%3.00%3.00%3.00%
 
Innovator Application Review Charges
  Initial review (incl. KYB of innovator)£495.00
  Review of proposed change to production£235.00
 
Reserve
  Per active user (from actives in prior mth)£9.00£7.50£6.25£5.25£4.50N/A
NOTE: Funds held in reserve belong to the Innovator, but are held as a security against costs incurred when the bundles are depleted and/or when winding down a delinquent programme. An active user is one which has a non-zero balance.

Discounted pricing is available for higher volumes of activity – please contact us if you would like us to quote. All prices are quoted exclusive of VAT.

v 2019.12.03 - subject to Terms and Conditions