Use the Merchant Account Thepointofsale.com vs Yours
Thepointofsale.com merchant account
By using our merchant account, we collect the buyers' payments for your event and give you the funds on the Monday following the end of your event. (If that Monday is a holiday, it will be the following business day.)
You can choose if you prefer a bank transfer or a check.
In case of a cancelled event. As we will have the funds related to the event in our account, our team will refund your customers in case of a major issue (after getting your authorization).
Transaction Fee. When you use our merchant account, you may decide to pay the transaction fees or leave them for the buyers by checking the option you prefer.
To do this, click the Rates tab when you are in your event.
Your own Merchant Account
By using your own merchant account, you will have access to your funds in real time. Several companies offer this service. Thepointofsale.com supports many, read the article on how to link your merchant account to learn more.
Transaction Fee. Each merchant account company offers different transaction fees. You will have to pay the transaction fees as agreed with your merchant account company. Thepointofsale.com will not add any transaction fees.
Note that it is not possible to add the transaction fee to the buyers' bill when using your own merchant account. However, you can add an Organizer Fee to cover the amount you will have to pay.