Fee Types
- Miles Graves
In addition to customizing the existing standard Payrix processing fees, you can create new custom fees unique to your portfolio. 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. |