Fees for Buyers

  • Buyers don't pay transaction fees on QUID payments.
  • Cross-currency payments are based on exchange rates charged to us by our exchange partners and can fluctuate.
  • Credit cards are charged in CAD for users from Canada, and USD for all other users. Your credit card provider may charge an exchange fee if your card is not CAD or USD.
  • Below Threshold Collection Fee¹: $0

Fees for Sellers

Sellers pay fees only for live transactions. Test transactions are not charged.

Subscription fees are only charged after the seller account is approved to go live.

Transaction Fees

  • QUID collects 7% from each transaction as fees.

Starter Monthly Subscription Plan

  • Setup Fee: Waived
  • Monthly Subscription Fee: $0
  • Overage fees: $0.99 for every 1,000 payments over 10,000/month.

Business Monthly Subscription Plan

  • Setup Fee: $0
  • Monthly Subscription Fee: $200²
  • No overage fees

Enterprise Monthly Subscription Plan

  • Setup Fee: $0
  • Monthly Subscription Fee: $1,000²
  • No overage fees

Non-profit Monthly Subscription Plan³

  • Setup Fee: $0
  • Monthly Subscription Fee: $0
  • No overage fees

Merchant Payout Fees

  • Payout of $100 or more: $0
  • Payout of less than $100: $0.50

Merchant Monthly Non-Verification Fee⁴

  • $50

¹ When a buyer has been inactive for one (1) month and the payment threshold has not been reached, QUID will charge the buyer's payment card for the unpaid transactions and will apply the Below Threshold Collection Fee.

² The Monthly Subscription Fee is based on a calendar month. For example, if a seller starts a subscription on April 20 the subscription fee will be charged on the 20th of each month. If a seller starts a subscription on January 31 the subscription fee will be charged on February 28 (or 29 during a leap year), March 31, April 30, etc.

³ Available only to registered non-profit organizations and open-source projects completely at the discretion of QUID.

In the event that a Merchant Account has not been verified, and the Merchant Transaction settlement reaches $1000, QUID may at its discretion charge a non-verified Merchant a monthly Non-Verification Fee of $50 per month until verification has occurred or until the Merchant Transaction settlement is $0, whichever occurs first.

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