Terms of Engagement — Clearing and Collection Services
Annual usage fees
- Annual usage fees for the Kehilati system: 3,650 ILS per year (approx. 10 ILS per day).
- Payment is collected in advance at the beginning of each engagement year.
Grow plan and fees
- Subscription fee: 59 ILS per month, paid in advance annually totaling 708 ILS.
- Clearing fee: 1.95% per transaction.
- Fixed fee per transaction: 3 ILS per transaction (starting from the first transaction).
- The subscription fee includes 100 transactions (credit/wallets) and the first 100 documents each month.
- For each additional transaction and/or document — only 1 ILS.
- Bit — 2.45%.
- Bank transfer fee — only 2 ILS.
- Account opening fee for non-profits (Amutot) — 399 ILS.
- Tourist card fee — 4.5%.
- Diners — 2.5%. Bit/PayBox Diners — 2.7%.
- Prices do not include VAT.
- Subscription fees will be charged from the account balance in Grow at the beginning of each month.
- The business's bank account will be credited on the 10th of each month for transactions made in the previous month.
- Subject to the Grow company fee price list.
Clearing via Grow
- Clearing is performed on the Grow terminal associated with the community, and clearing fees are collected by Grow in accordance with the agreement between the community and Grow.
- Opening the terminal is performed by the community's authorized signatory in person.
- Receipts and invoices are issued by Grow after every successful payment.
General
- The community is responsible for the accuracy of the details provided and for complying with applicable legal requirements.
- Engagement may be terminated with 30 days' advance notice; paid usage fees are non-refundable for a period that has already begun.
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