Fees

Use fees to reconcile transactions with applicable fees and discount rates. Fees are not applied to directly to transaction amounts, they do not modify the transaction amount. Fees help to describe each part of the transaction amount.

Reconciliation

Reconciliation is an accounting process that compares two sets of records to check that figures are correct and in agreement.

Create a fee

  1. In the left navigation bar, click settings icon Settings , then click Fees .
  2. On the right of the screen, click Add Fee → .
    Cloning an existing fee

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

  3. Enter fee details:
    1. In the Name field, enter the fee name.
    2. In the Type field, select which transactions the fee to applies to.
    3. Optionally, to add filters to determine which transactions the fee applies to, click Add filters .
    4. 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. Click 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, click 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.

  4. Click Save Fee

Edit a fee

  1. In the left navigation bar, click settings icon Settings , then click Fees .
  2. In the Name column, click a fee.
  3. Update the details, then click Save fee .