You can create customized fees for your portfolio in addition to customizing existing merchant processing fees. The following table describes the most common custom fee scenarios:
Fee Type | Description |
|---|---|
Boarding Fees | Fees collected from your merchants as they board the platform. |
Chargeback Fees | Fees collected for managing merchants’ dispute responses. |
Convenience Fees | Fees collected from Cardholders for alternative payment method acceptance. |
Interchange & Processing Fees | Fees collected to reimburse Interchange and other costs assessed by the processor and/or card brands. |
Platform Service Fees | Fees collected for enabling payment acceptance for merchants using your platform. |
Risk Decision Fees | Fees collected for triggering automated Risk Decision on an entity. |
Risk Service Fees | Fees collected for usage of third-party risk services, like GIACT. |
Surcharge Fees | Fees assessed to credit card transactions by merchants to their customers as an additional charge to cover specific costs associated with credit card processing. |
Transaction Fees | Fees collected when transactions are authorized or captured. |
Value-Added Service Fees | Fees collected for enablement and usage of Value-Added Services like Omnitoken and SaferPayments. |
If you’re unsure of how much to charge for a specific fee type, refer to the Visa and Mastercard card brand network guidelines.