Mamo makes money in one of two ways:

Whenever you collect money using Mamo, we charge you (the merchant) a small transaction fee, which is a percentage of the total transaction.

This fee is then split with multiple third parties including Visa, Mastercard or other schemes. Charging this fee allows us to provide you with payment processing, fraud-detection and customer support.

When it comes to our corporate cards, our main source of revenue is from the merchant you swipe at. The corporate card offering is completely free (learn more on our pricing page).

Instead, Mamo makes a small fee from the merchants where your card is used to make a purchase. For example, if you were to use your card to pay for a cup of coffee at Costa, we would take our cut from Costa.

In the payments industry, merchants bear most of the costs of receiving money. In the payment acceptance world, you are the merchant — so we charge you. In the corporate cards and spend management world, you are the consumer, so we charge the merchant you bought something from! It's that simple.