Fee Management
Fees are costs for specific timeframes elapsing, such as weekly, or monthly; or as actions taking place, such as a transaction authorization, Merchant onboarding, or chargeback management.
These fees are assessed by a Referrer or Facilitator to their child entities (such as Referrer to Merchant, or Facilitator to Referrer or Merchant) when specified actions have occurred or a time interval has elapsed.
The assessed fees out of the transaction and the fees increase the partner’s available balance and then the leftover increases the merchant’s available balance. Usually, the fees in this case are considered the “pricing” of the merchant.
Getting Started
Below are some terms you’ll frequently encounter throughout the fee setup and management:
Assessment - A record of fees charged by processors or other third parties to Entities or Groups.
Fee Modifier - A configuration to change the entity being charged a fee or add markup to a fee.
Fee Rule - A conditional logic setup used to refine the circumstances resulting in a charged fee.
Fee Schedule - The time interval or event that determines when this Fee is triggered to be charged.
Fee Trigger - Another name for Fee Schedule (as shown by the “When to trigger a fee” field in the Portal.)
Fee Listener - A layer of Fees triggered per transaction when an applicable fee type is submitted.
Jump Ahead: If you’re already familiar with the Fee structure and terminology and are seeking new Fee setup steps, skip ahead to the relevant guide for your preferred implementation method: