Transaction prices on terminal agreement

The base price per transaction is 0.35 NOK. A percentage discount will be applied to the price based on the transaction volume from the previous month. A higher transaction volume results in a lower transaction price.

The transaction volume is calculated per Bax ID (normally correlating to each Sales Location) and per card category (“BankAxept”, “Visa & MasterCard”, “Amex”, and “Diners, JCB, UnionPay”), which means that the price per transaction for one terminal and one card category may differ from another.

Pricing model

We have costs associated with handling transactions that go through our payment terminals, and this transaction price is intended to cover these costs.

The price changes will apply from August 1, 2025.

This is because the terminal subscription is invoiced in advance, while transaction prices are invoiced in arrears – based on the actual number of transactions in the previous month. Therefore, the invoice is divided into two, with different periods.

These are prices related to your terminal agreement, not the acquiring agreement, and are therefore invoiced separately.

Prices are set by Nets, based on the costs of processing transactions in the terminal.

You will find the number of transactions listed on your invoice. A detailed overview is also available in the MyNets portal. Transactions from the previous day are updated every morning around 08:00. More information about MyNets can be found here.

The price change is in line with the terms of your terminal agreement with Nets, which can be found here. See point 9, prices can be changed with a minimum of 30 days' notice, which you agreed to when you signed the agreement.

Both purchases and returns are counted as transactions. For example, if you have 500 purchases and 50 returns, you will be billed for a total of 550 transactions.

“The numbers will always be correct, but please note that they are grouped into four categories: ‘BankAxept,’ ‘Visa & MasterCard,’ ‘Amex,’ and ‘Diners, JCB, UnionPay.’ Loyalty cards (e.g., SAS EuroBonus Mastercard, Statoil Visa) may be categorized under ‘Diners, JCB, UnionPay’ instead of Mastercard or Visa, depending on whether you have separate card agreements for loyalty cards.”

Your invoice is based on all transactions made between 00:00 and 23:59 each day. The settlement report, however, is based on when you run your end-of-day processing on the payment terminal.

The timing of this process depends on your payment solution and is usually done after business hours, either automatically or manually.

For example, on the last day of the month, if your business closes at 02:00 and you run end-of-day at 02:10, the transactions between 00:00 and 02:10 will appear on the previous month's settlement report, but on the next month’s invoice.

Furthermore, the terminal invoice covers all transactions, while the settlement report only covers transactions processed and paid out by Nets.

The stated transaction fee is provided excluding value-added tax (VAT). VAT will be added to the total amount of the invoice.

You can contact our Customer Success team by phone +47 23 96 41 02.