How does Mono charge Virtual Cards Monthly Maintenance Fees?

Lara
Lara
  • Updated

Note: We charge maintenance fees on any card that has done at least one transaction in the month. This fee is charged from the business’s issuing wallet.

We charge this fee on each card that has done a transaction during the month, regardless of the status of the card. This means that frozen cards or disabled cards that have performed transactions that month will be charged.

Fee Breakdown

Card Fee Description
Virtual USD Cards $2.5 The fee is taken at the beginning of the next month. For example, if a business has issued 10 virtual USD cards at the end of July 2022; the business will be charged $2.5 x 10 = $25 on the 1st of August, 2022.
Virtual NGN Cards NGN 100 The fee is taken at the beginning of the next month. For example, if a business has issued 10 virtual NGN cards at the end of July 2022; the business will be charged NGN100 x 10 = NGN1000 on the 1st of August, 2022.



Was this article helpful?

0 out of 0 found this helpful

Have more questions? Submit a request

Comments

0 comments

Please sign in to leave a comment.