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Monetizing Transactions

Originating Transactions with fees

  1. 1.
    Collect transaction details
  2. 2.
    1. 1.
      Include the fee in the payload
    2. 2.
      Increase the amount of transaction to cover the fees
Notes:
  • Fees must be visibly disclosed to the users in your terms and conditions
  • Fees must be visibly displayed while users create transactions
  • Fees are deducted from the transaction amount

Adding Fees to Inbound Transactions

  1. 1.
    Subscribe to Receive (TRANS|POST) Inbound Transaction Notification
  2. 2.
    Calculate the user fee for the transaction
  3. 3.
    Create an internal transfer from the user node to a platform node
    1. 1.
      Set the transaction supp_id to the initial transaction_id to help keep track of the transaction and its association. Alternatively, group_id can also be used for the same purpose. View both fields on the transaction schema.
Notes:
  • Platforms can combine the initial transaction and the Fee transaction when displaying the user’s transaction history
  • The separate transaction will appear in the user’s default statements
  • For card transactions, platforms will need to provide a separate provisional credit to cover the additional Fee whenever the user disputes the transaction in order to comply with Reg E
Last modified 9mo ago