NRTH charges 1% + 20p (+ VAT) on the first £2,000 of every payment successfully collected, capped at £5. Anything above £2,000 is charged at 0.3%.
There are no monthly charges, no subscription, no setup fees, and no cost to add team members or connect your accounting software.
An example
On a £5,000 collection: the first £2,000 is capped at £5, and the remaining £3,000 is charged at 0.3%, which is £9. Total fee £14, plus VAT.
What counts as a collection
The fee applies to every successful collection across all payment types: Direct Debit invoice collection, Payment Links, open banking payments, and Recurring Payments. For Split Payments, the fee applies to each individual instalment as it is collected.
What you are not charged for
Failed payment attempts and retries are free. Cancellations made before the 3 day Direct Debit collection window are free. Adding team members is free. Connecting Xero, QuickBooks, or Sage is free. There are no setup or onboarding costs.
Refunds
If a payment is refunded after it has already been collected, the fee is not returned. NRTH has already processed the collection at that point. If you cancel a payment before the 3 day Direct Debit window closes, no fee is charged.
VAT
All NRTH fees are subject to VAT at the standard rate.
Enterprise pricing
If your business processes more than £250,000 through NRTH, contact our team to discuss an enterprise plan.