You can create customized fees for your portfolio in addition to customizing existing Merchant processing fees. Some of the most common custom fee scenarios are:
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. |
External Fees | Fees collected for services provided outside of the platform such as Visa Fixed Acquirer Network Fee (FANF), Visa Integrity Fees and MasterCard Merchant Location (MC Location) Fees. |
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 from assessing Merchants third-party risk service usage costs. |
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. |