Monetizing Transactions
- 1.Collect transaction details
- 2.
- 1.Include the fee in the payload
- 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
- 1.
- 2.Calculate the user fee for the transaction
- 3.
- 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 30d ago