Question 1

What transaction fees are charged by WiPay for digital card payments in Trinidad?

Accepted Answer

WiPay assesses transaction processing fees typically ranging from 3.0% to 3.5% plus a small fixed transaction surcharge for domestic debit, Linx, and international credit cards.

Question 2

What are the Linx electronic debit card merchant processing fees?

Accepted Answer

Domestic debit card transactions processed through the InfoTech Linx interbank network incur lower percentage interchange rates compared to international Visa/Mastercard transactions.

Question 3

Does WiPay charge bank withdrawal fees to transfer merchant funds?

Accepted Answer

Yes, moving funds from a digital merchant wallet to local Trinidad commercial bank accounts (FCB, Republic Bank, Scotia, RBC) attracts standard bank processing and ACH transfer fees.

Question 4

Who bears the digital payment processing fee: merchant or customer?

Accepted Answer

Depending on the checkout configuration, merchants can choose to absorb processing fees into product pricing or pass the fee directly to the buyer at checkout.

Question 5

Are payment gateway fees in Trinidad subject to 12.5% VAT?

Accepted Answer

Yes, statutory merchant processing fees and software platform charges in Trinidad and Tobago are subject to standard 12.5% Value Added Tax.

Fee Parameter	Pricing Tier	Amount (TTD)
Base Gateway / Network Fee	3.0% + TT$1.00	TT$0.00
12.5% VAT on Processing Fee	Statutory tax on financial services	TT$0.00
Customer Checkout Total	Final charged to card/buyer	TT$0.00

Trinidad WiPay & Linx Payment Fee Calculator

Transaction & Settlement Summary

📊 Republic of Trinidad and Tobago Statutory Breakdown Matrix (BIR & NIBTT)

Engr. Muhammad Shahzad