This article describes the available fee schedules and triggers for setting up a fee. The following sections describe each trigger by category:
Time Interval Fee Schedules
Time interval fee schedules are options available to trigger a fee using different one-time or recurring time frames. Each time interval option offers a scheduled interval, such as Days or Weeks, followed by a numerical input to quantify the number of that interval. An example would be Days and 3 to trigger the fee every three days.
Trigger | Description |
|---|---|
Single | This is a one-time fee that occurs immediately but will not be repeated. |
Days | This fee triggers every x number of days based on the frequency you enter. |
Weeks | This fee triggers every x number of weeks based on the frequency you enter. |
Months | This fee triggers every x number of months based on the frequency you enter. |
Years | This fee triggers every x number of years based on the frequency you enter. |
Event-Specific Fee Schedules
Event-specific fee schedules are options available to trigger a fee using different event outcomes that typically occur when performing standard transactions on the platform, such as onboarding merchants, receiving chargebacks, or creating a payout withdrawal. See each of the available event-specific fee schedule types in the following sections.
Transaction Processing Event Fee Schedules
The following table describes event fee schedules that apply to specific transaction processing events:
Trigger | Description |
|---|---|
Auth | This fee is triggered as payments are Authorized (in other words, when payments are Approved). |
Reverse Auth | This fee is triggered when a merchant voids an Approved payment. |
Capture | This fee is triggered when an Approved payment updates to Captured status. |
Refund | This fee is triggered when a merchant refunds a payment. |
eCheck Sale | This fee is triggered when an eCheck (ACH) payment is submitted. |
eCheck Refund | This fee is triggered when a merchant refunds an eCheck (ACH) payment. |
eCheck Return | This fee is triggered when an eCheck (ACH) payment is Returned (in other words, the issuer declined). |
Interchange | This fee is triggered when interchange costs are assessed for a transaction by the processor. |
Settlement | This fee is triggered when Captured transactions update to Settled. |
Chargeback Event Fee Schedules
The following table describes event fee schedules that apply to specific transaction chargeback processing events:
Trigger | Description |
|---|---|
Chargeback | This fee is triggered when a first chargeback dispute stage is reached against a merchant. |
Retrieval | This fee is triggered when a retrieval dispute stage is reached against a merchant. |
Arbitration | This fee is triggered when an arbitration dispute stage is reached against a merchant. |
Payout Event Fee Schedules
The following table describes event fee schedules that apply to specific payout (withdrawal disbursement) events:
Trigger | Description |
|---|---|
Payout | This fee is triggered when a payout is sent to a merchant’s bank account. |
ACH Fail | This fee is triggered when a payout to a merchant’s bank account fails or returns. |
Merchant Boarding Event Fee Schedules
The following table describes event fee schedules that apply to specific merchant platform-boarding events:
Trigger | Description |
|---|---|
Board | This fee is triggered when a merchant’s account is created on the Payrix Pro platform. |
Bank Account Event Fee Schedules
The following table describes fee schedules that apply to specific entity bank account events:
Trigger | Description |
|---|---|
Overdraft | This fee is triggered when a merchant’s available balance goes negative. |
Account Updater Update | This fee is triggered when an Account Updater performs a successful update of an entity’s bank account payment token with the corresponding refreshed account information. |
Account Updater Group Update | This fee is triggered when an Account Updater performs a successful update of bank account payment tokens for a pre-configured group of entities with each entity’s corresponding refreshed account information. |
Account Updater Request | This fee is triggered when an Account Updater request is made to update an entity’s bank account payment token with the corresponding refreshed account information. |
Account Updater Group Request | This fee is triggered when an Account Updater request is made to update of bank account payment tokens for a pre-configured group of entities. |
Risk Event Fee Schedules
Risk event fee schedules are options available to trigger a fee from specific risk-related actions, such as underwriting decisions made by Payrix Pro underwriters, verification of an account or member identity, or a merchant being flagged for unusual, high-risk activities. See each of the available risk event fee schedule types in the following sections.
General Risk Policy Event Fee Schedules
The following table describes fee schedules that apply to specific platform-based risk assessment decision events:
Trigger | Description |
|---|---|
Internal Decision V2 | This fee is triggered when a Payrix Pro platform underwriting decision has been made after reviewing an entity or transaction. |
Bank Account Risk Check Fee Schedules
The following table describes fee schedules that apply to bank account risk assessment events:
Trigger | Description |
|---|---|
GIACT eCheck Verification | Perform real-time account status checks for consumer and business bank accounts using gVerify from GIACT. |
GIACT Account Verification | Perform real-time customer identity verification and authorized signer status checks for consumer and business bank accounts using gAuthenticate from GIACT. |
Merchant Business Risk Check Fee Schedules
The following table describes fee schedules that apply to specific merchant entity risk assessment events:
Trigger | Description |
|---|---|
Realtime Business Search | The Payrix Pro platform performs a search for initial OFAC and Sanctions watchlist screening and score on a business entity. |
CharityCheck | This fee is triggered when Guidestar is used to perform a non-profit verification check. |
TIN Check | This fee is triggered when Sovos is used to verify a business entity’s Tax Identification Number (TIN) for tax identity management. |
LegitScript | This fee is triggered when a LegitScript Compliance check is performed and a new risk rating is generated |
Sift | This fee is triggered when a Sift real-time review flags a merchant’s entity or transaction behavior as unusual or high-risk. |
Business Instant ID | This fee is triggered when LexisNexis is used to verify a business and its authorized agent. |
Merchant Owner Risk Check Fee Schedules
The following table describes fee schedules that apply to specific merchant owner (or primary managing member) risk assessment events:
Trigger | Description |
|---|---|
Equifax Consumer Report | This fee is used when a copy of the merchant owner’s consumer credit report from Equifax is pulled for risk verification. |
Realtime Member Search | The Payrix Pro platform performs a search for initial OFAC and Sanctions watchlist screening and score on a business managing member or owner. |
Transaction Risk Check Event Fee Schedules
The following table describes event fee schedules that apply to specific transaction risk assessment events:
Trigger | Description |
|---|---|
Consumer Instant ID | This fee is triggered when LexisNexis is used to verify a transaction’s payment customer. |
Third-Party Service Fee Schedules
Third-party service fee schedules are options available to trigger a fee from services offered and performed to enhance the merchant experience. Examples include merchant location fees that contribute to better interchange rates, or PCI DSS compliance services available through Worldpay that are charged to you to be offered to your merchants. See each of the available third-party event fee schedule types in the following sections.
MasterCard Externally Calculated Fee Schedules
The following table describes fee schedules that apply to events where costs are assessed to you by Mastercard for the service:
Trigger | Description |
|---|---|
MasterCard Location | This fee is triggered when a merchant location fee is assessed to you by Mastercard for a merchant’s brick-and-mortar stores and online platform, where credit cards payments are accepted for goods or services. |
Visa Externally Calculated Fee Schedules
The following table describes fee schedules that apply to events where costs are assessed to you by Visa for the service:
Trigger | Description |
|---|---|
FANF | This fee is triggered when a Visa Fixed Acquirer Network Fee is assessed to you by Visa for a merchant’s brick-and-mortar stores and online platform, where credit cards payments are accepted for goods or services. |
Visa Integrity | This fee is triggered when a Visa Transaction Integrity Fee is assessed to you by Visa for merchants whose transactions don't qualify for Visa’s Custom Payment Services (CPS) due to insufficient or incomplete data being submitted with transactions for clear interchange qualification. |
Value-Added Services Fee Schedules
The following table describes fee schedules that apply to events where costs are assessed to you by Worldpay for the service:
Trigger | Description |
|---|---|
SaferPayments - Basic | This fee is triggered when you perform PCI DSS compliance review and actions associated with an entity. |
SaferPayments - Managed | This fee is triggered when a SaferPayments fee is assessed to you from Worldpay for PCI DSS compliance review and action costs associated with an entity. |
SaferPayments - PCI Non-Validation | This fee is triggered when a merchant fails to meet PCI DSS compliance requirements within 60 days of boarding the platform and each following month until the merchant meets PCI DSS compliance during the next monthly validation performed by you. |
OmniToken | This fee is triggered monthly when you enable the Worldpay OmniToken service for a merchant. |