There are no initial set up costs or upgrade fees.
The following monthly and processing fees apply on an ongoing basis.
| Monthly fee (excluding GST) |
| Up to 5 employees | $30 |
| 6 to 30 employees | $5 per employee. |
| More than 30 employees | $5 per employee for first 30 employees, then $3.50 per employee. |
| Processing fees |
| These depend on which processing option you chose to set up in FastPay. |
| For set-up option one – FastPay does everything, the processing fees are: |
| Per schedule (per payroll) | $4.00 |
| Plus, per transaction (per payee) | $0.13 |
| For set-up option two – FastPay exports a direct credit schedule: |
You export the schedule to an electronic banking product, which then makes the payments. There are no FastPay processing fees; however you will have to pay the fees charged for your electronic banking product. For example, if you export your direct credit schedule to FastNet Business internet banking then the relevant FastNet Business fees will determine your processing fees. |
