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bobPay Fees
Posted by , Last modified by on 02 September 2011 06:22 PM

Currently bobPay EFT is free. There are no monthly, subscription or set up fees to offer bobPay EFT or to use it. It is also free for buyers to use.

We currently charge for accepting bobPay Credit Card payments, there is a flat payment-processing fee of 5% of the transaction amount payable on all payments conducted through bobPay (fees are non-refundable).

Payout Requests

In order to withdraw funds that bidorbuy is holding in your bidorbuy account, you are required to make a payout request from the bobPay Payout Request page in the My bidorbuy Selling area of the bidorbuy website. Users have 1 (one) free payout in a calendar month, regardless of the amount requested. Thereafter a R5.00 (Five Rand) bobPay transfer fee will be charged for any payout amount under R3,000.00 (Three Thousand Rand). For amounts over R3,000.00 (Three Thousand Rand) no bobPay transfer fee will be charged. If a user has used their 1 (one) free payout and requests another payout below R3,000.00 (Three Thousand Rand), the R5.00 (Five Rand) bobPay transfer fee will be charged. If a user has R5.00 (Five Rand) in their account, the system will not process the payment if a bobPay transfer fee is applicable. A user can also not request less than R5.00 (Five Rand) as a payout.

 

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