Scotiabank Merchant Services
Indicative| Solution | POS terminal |
|---|---|
| Rate on local cards | 3.25% |
| Rate on foreign cards | 4.25% |
| Per-transaction fee | J$0 |
| Terminal / platform fee (monthly) | J$3,500 |
| Setup | J$10,000 |
| Days to settle | 2 days |
| Needs an account at this bank | ✓ Yes |
| Notes | Rate negotiable on volume |
Source: jm.scotiabank.com · Last verified: not yet · Merchant discount rates are the published or typical rate for a small retailer on local debit/credit cards; international cards, AmEx and card-not-present sales cost more. Banks negotiate rates by volume. Settlement time is to your bank account in Jamaica.
