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Fees
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Fees

Use fees for accounting purposes. Fees help you to record costs associated with transactions, and also help to you manage corresponding balance transactions. For example, you may record fees that are associated with a particular payment gateway. Each time the payment gateway processes a sales transaction, the corresponding balance transaction is automatically recorded to your accounts. To view balance transactions, see View balance transactions. For more information, see Balance transactions.

Fee settlement settings are evaluated in the following order:

  • Fee settlement settings override the settlement settings of the gateway account that processes the transaction.
  • If fee settlement settings are not defined, gateway account financial settings are used.
  • If both gateway account financial settings and fee settlement settings are not defined, the amount is immediately settled in the merchant's reporting currency.

Create a fee

Use this process to create fees.

  1. In the left navigation bar, press Settings .

  2. In the Configuration section, press Fees.

  3. On the right of the screen, press Create fee.

    Clone an existing fee

    To clone information from an existing fee, choose a fee, then press Clone Clone fee.

  4. In the Name field, enter the fee name.

  5. In the Type field, select the type of fee.

  6. Optionally, to add filters to determine which transactions the fee applies to, press Add filters.

  7. In the Fee formula dropdown, select one of the following:

    • Fixed fee: Use this fee formula when the fee is a fixed amount regardless of the transaction amount.
      1. Select a currency and enter the fee amount.
      2. Press Save.
    • Percentage: Use this fee formula when the fee is calculated as a percentage of the transaction amount.
      1. Select a currency.
      2. In the Bips (Basis points) field, enter a value.
      3. Optionally, to select rounding mode, press the Round dropdown and select one of the following:
        • Regular: This is the default option. Examples: $0.011 becomes $0.01, $0.019 becomes $0.02, $0.015 becomes 0.02.
        • Up (Ceiling): Examples: $0.011 becomes $0.02, $0.019 becomes $0.02.
        • Down (Floor): Examples: $0.011 becomes $0.01, $0.019 becomes $0.01.
      4. Optionally, in the Min. Amount field, enter a value. This is the minimum fee amount that is always applicable when the calculated amount is less than this minimum amount.

  8. Optionally, to activate settlement settings, turn on the Settlement settings toggle and complete the following:

    1. In the Settlement currency dropdown, select a currency.
    2. In the Settlement method section, select from the following:
      • Schedule when balance transactions are settled:
        1. Select the Date-interval method and specify the duration.
        2. Optionally, to more accurately schedule when settlements funds are settled, select Set period anchor and select one of the following:
          • Day Of Month: Select a day of the month and time.
          • Day Of Week: Select a week, day of the week, and time.
      • Settle balance transactions immediately: Select the Immediately method.
    3. Optionally, to configure advanced settings, turn on the Advanced settings toggle and complete the following:
      1. Press Add filters and specify which transactions the settlement settings apply to. These settings override the default fee settlement settings.
      2. In the Settlement settings dropdown, select a currency.
      3. In the Settlement method section, select from the following:
        • Schedule when balance transactions are settled:
          1. Select the Date-interval method and specify the duration.
          2. Optionally, to more accurately schedule when settlements funds are settled, select Set period anchor and select one of the following:
            • Day Of Month: Select day of the month and optional time.
            • Day Of Week: Select week, day of the week, and optional time.
        • Settle balance transactions immediately: Select the Immediately method.
      4. Optionally, to add one more advanced setting press Add advanced settlement setting.

  9. Press Save fee.

Manage fees

Use this process clone, edit, or delete fees.

  1. In the left navigation bar, press Settings .
  2. In the Configuration section, press Fees.
  3. In the Name column, press a fee.
  4. Select from the following:
    • Clone a fee: On the right of a fee, press Clone .
    • Edit a fee: On the right of a fee, press Edit .
    • Delete a fee: On the right of a fee, press Delete .
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