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Taxes and Fees

Owned by Tim Werner
Jul 26, 2016
1 min read

 

PrimeiroPay Fee

PrimeiroPay charges you a percentage fee of each successful transaction. PrimeiroPay does not charge you any fixed fees or gateway fees.

 

Taxes

There is a tax due on the Sales Amount. The tax is usually 0.38% which is the IOF tax in Brazil. IOF is a financial tax which applies on financial transactions in Brazil.
There are no further tax deductions made from your payout

 

Exchange Rate

Which Exchange Rate is being used? PrimeiroPay uses the Commercial Market Exchange Rate on the day when the funds are being remitted to our headquarters in Luxembourg. PrimeiroPay does not mark up these fees.

 

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