Configure Standard Charges

To establish consistent and transparent transaction fees

---

Platform charges are fees set for services, customized to user types; they're essential for revenue generation.

Once you configure standard charges and assign them to a user profile, these charges will be applicable to selected transactions, regardless of the transaction amount.

Steps to add Standard Charges
1. Go to Charges. Select the Standard Charges tab
2. Click on Add Charges.
3. Enter the Name of the Charges
4. Select the User Type from the dropdown list accordingly
5. Enter the Value of the charges for the provided amount
6. There's an option to Enter the FIX Charges (optional)
7. Indicate if it's Included or Excluded
8. For "included," when a sender sends $100.00, the platform adds a 5% charge ($5.00), making the sender pay $105.00, while the receiver gets the original $100.00
9. Add Minimum or Maximum Charges (Optional)
10. If charges apply to a requested amount, and they're lower than the configured minimum charges, the user must pay the minimum configured amount
11. You can view applicable charges for a $100 transaction for reference on the screen while setting up the title of the charge with Transaction View