Why Minimum Charges Exist
Minimum monthly charges are a standard practice in the payments industry. They ensure businesses commit to a baseline level of activity, helping providers maintain competitive rates and services.
Your yetipay Contract & Minimum Charges
All yetipay contracts include either a:
Minimum Monthly Charge (MMC) or
Minimum Monthly Payout (MMP)
These terms define the minimum revenue or activity level required each month.
What is an MMC?
An MMC (Minimum Monthly Charge) is a fixed minimum charge applied to your account each month. If your processing fees for the month fall below this threshold, you will be charged the difference to meet the minimum.
Example:
• Your contract has an MMC of £30.
• If your transaction fees total £20, you pay an additional £10 to reach £30.
• If your fees exceed £30, you simply pay the standard transaction costs.
What is an MMP?
A Minimum Monthly Payout (MMP) is a commitment to transact consistently each month. We will charge you a payout fee for each day of the month whether you transact or not. To compensate for this charge we offer the most competitive rates on the market, meaning active users save money. Our goal is simple - to save you money and to reward active trading.
If you have any questions about your contract terms, contact our support team.