Fee Schedules
- Miles Graves
Fee Schedules (also known as Fee Triggers) provide the logic necessary to initiate the assessment of a Fee to an entity / Merchant. There are many different Fee schedules available. Some are time interval-based, and others are event-specific. The Fee Schedule serves as the approval necessary for a fee to be charged.
Time Interval - Recurring time intervals act as the schedule that triggers the fee charge.
Event-Specific - Action or event occurrences act as the schedule that triggers the fee charge.
Risk Event - Compliance action/event occurrences act as the schedule that triggers the fee charge.
Third-Party Service - Off-platform service costs act as the schedule that triggers the fee charge.
See descriptions of each available Fee Schedule and “trigger” below.
Time Interval Fee Schedules
Time Interval Fee Schedules are options available to trigger a fee using different one-time or recurring timeframes. Each Time Interval option will offer 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 will occur immediately but will not be repeated. |
Days | This fee will trigger every x number of days based on the frequency you enter. |
Weeks | This fee will trigger every x number of weeks based on the frequency you enter. |
Months | This fee will trigger every x number of months based on the frequency you enter. |
Years | This fee will trigger 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 boarding merchants, receiving chargebacks, or creating a payout withdrawal. See each of the available event-specific fee schedule types below:
Transaction Processing Event Fee Schedules
These event fee schedules apply to specific transaction processing events:
Trigger | Description |
Auth | This fee triggers as payments are Authorized (i.e. when payments are "Approved"). |
Reverse Auth | This fee triggers when a Merchant voids an "Approved" payment. |
Capture | This fee triggers when an "Approved" payment updates to "Captured" status. |
Refund | This fee triggers when a Merchant refunds a payment. |
eCheck Sale | This fee triggers when an eCheck (ACH) payment is submitted. |
eCheck Refund | This fee triggers when a Merchant refunds an eCheck (ACH) payment. |
eCheck Return | This fee triggers when an eCheck (ACH) payment is “Returned” (i.e. issuer declined). |
Interchange | This fee triggers when interchange costs are assessed for a transaction by the processor. |
Settlement | This fee triggers when "Captured" transactions update to Settled. |
Chargeback Event Fee Schedules
These event fee schedules apply to specific transaction chargeback processing events:
Trigger | Description |
|---|---|
Chargeback | This fee triggers when a first chargeback dispute stage is reached against a Merchant. |
Retrieval | This fee triggers when a retrieval dispute stage is reached against a Merchant. |
Arbitration | This fee triggers when an arbitration dispute stage is reached against a Merchant. |
Payout Event Fee Schedules
These event fee schedules apply to specific payout (withdrawal disbursement) events:
Trigger | Description |
|---|---|
Payout | This fee triggers when a payout is sent to a Merchant’s bank account. |
ACH Fail | This fee triggers when a payout to a Merchant’s bank account fails or returns. |
Merchant Boarding Event Fee Schedules
These event fee schedules apply to specific Merchant platform-boarding events:
Trigger | Description |
|---|---|
Board | This fee triggers when a Merchant’s account is created on the Payrix Platform. |
Bank Account Event Fee Schedules
These fee schedules apply to specific entity bank account events:
Trigger | Description |
|---|---|
Overdraft | This fee triggers when a Merchant’s Available Balance goes negative. |
Account Updater Update | This fee triggers 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 triggers 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 triggers 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 triggers 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 a Facilitator, 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 below:
General Risk Policy Event Fee Schedules
These fee schedules apply to specific platform-based risk assessment decision events:
Trigger | Description |
|---|---|
Internal Decision V2 | This fee triggers when a Payrix Platform underwriting decision has been made after reviewing an entity or transaction. |
Bank Account Risk Check Fee Schedules
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 & authorized signer status checks for consumer and business bank accounts using gAuthenticate from GIACT. |
Merchant Business Risk Check Fee Schedules
These fee schedules apply to specific Merchant entity risk assessment events:
Trigger | Description |
|---|---|
Realtime Business Search | The Payrix Platform performs a search for initial OFAC and Sanctions watchlist screening and score on a business entity. |
ThreatMetrix | Merchant / Entity Sanctions Black List & OFAC Watch List using LexisNexis |
CharityCheck | This fee triggers when Guidestar is used to perform a non-profit verification check. |
TIN Check | This fee triggers when Sovos is used to verify a business entity’s Tax Identification Number (TIN) for tax identity management. |
LegitScript | This fee triggers when a LegitScript Compliance check is performed and a new risk rating is generated |
Sift | This fee triggers when a Sift real-time review flags a Merchant’s entity or transaction behavior as unusual or high-risk. |
Business Instant ID | This fee triggers when LexisNexis is used to verify a business and its authorized agent. |
Merchant Owner Risk Check Fee Schedules
These fee schedules 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 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
These event fee schedules apply to specific transaction risk assessment events:
Trigger | Description |
Consumer Instant ID | This fee triggers 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, such as merchant location fees that contribute to better interchange rates, or PCI DSS compliance services available through WorldPay that are charged to a Referrer or Facilitator to be offered to their Merchants. See each of the available third-party event fee schedule types below:
MasterCard Externally Calculated Fee Schedules
These fee schedules apply to events where costs are assessed to the Referrer by MasterCard for the service:
Trigger | Description |
|---|---|
MasterCard Location | This fee triggers when a Merchant Location Fee is assessed to the Referrer or Facilitator by Mastercard for a Merchant’s brick-and-mortar store(s) and online platform, where credit cards payments are accepted for goods or services. |
Visa Externally Calculated Fee Schedules
These fee schedules apply to events where costs are assessed to the Referrer by Visa for the service:
Trigger | Description |
|---|---|
FANF | This fee triggers when a Visa Fixed Acquirer Network Fee is assessed to the Referrer or Facilitator by Visa for a Merchant’s brick-and-mortar store(s) and online platform, where credit cards payments are accepted for goods or services. |
Visa Integrity | This fee triggers when a Visa Transaction Integrity Fee is assessed to the Referrer or Facilitator 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
These fee schedules apply to events where costs are assessed to the Referrer by WorldPay for the service:
Trigger | Description |
|---|---|
SaferPayments - Basic | This fee triggers when a Referrer or Facilitator performs PCI DSS compliance review and action(s) associated with an entity. |
SaferPayments - Managed | This fee triggers when a SaferPayments fee is assessed to the Referrer or Facilitator from WorldPay for PCI DSS compliance review and action costs associated with an entity. |
SaferPayments - PCI Non-Validation | This fee triggers 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 the Referrer or Facilitator. |
OmniToken | This fee triggers monthly when a Referrer has enabled the WorldPay OmniToken service for a Merchant. |