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April 23, 2020

Covid-19: ECOMMPAY slashes card processing fees to 0%

ECOMMPAY, a payment service provider and direct card acquirer, has cut its card processing fees to 0% to support European businesses battling economic crisis unleashed by the Covid-19 pandemic.

However, the merchants will still need to pay costs the fees levied by Visa and Mastercard.

The offer is available to new clients in sectors including supermarkets and grocery sales, food delivery and convenience foods.

The offer will cover digital platforms for online training, online conferences, and education, and digital mass media such as newspapers and magazines.

Sectors like gig economy, telemedicine, loyalty payments for cancelled services, deposit refunds, employee rewards, and purchase rebate payments and salary disbursement services are also eligible.

The offer is valid as long as the country of registration is in an emergency state and the offer extends to an additional two months post-emergency state, to help businesses recover.

In a press release, the company stated: “As the world comes to terms with the Covid-19 pandemic, ECOMMPAY has taken measures to help businesses who find themselves on the front line of the outbreak.

“By cutting processing fees to 0% for any company that has seen either a huge shift in their business model (from offline to online) and also companies who are working tirelessly to help fight against the virus.”

Earlier this month, Vancouver City Savings Credit Union (Vancity) has slashed the credit card interest rates to 0%, for people facing financial difficulties due to the Covid-19 pandemic.

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