Managed Account Fees
With Weavr, you can earn revenue from your customers for using your services. To set up fees for certain actions, go to the Multi Portal > Settings page and find managed account profile configuration.
Supported Fees
You can configure the system to take the following fees for you from your customers’ managed accounts whenever the related transactions are triggered.
| Fee | Description |
|---|---|
| Deposit fee | The system takes a fee from the managed account for every deposit registered on the managed account |
| Withdrawal fee | The system takes a fee from the managed account for every withdrawal registered on the managed account |
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Fees are taken on a best-effort basis. The system will take the fees for you only if there are enough funds on the managed account’s balance.
Fee Configuration
Weavr allows you to set up fees using different fee types.
| Fee Type | Description |
|---|---|
| Flat | The system charges a fixed amount for every transaction/event |
| Percentage | The system charges a percentage of the transaction amount for every transaction/event |
| Plus | The system charges both a fixed amount and a percentage amount for every transaction/event |
| Min | The system charges either a fixed amount or a percentage amount, whichever one is lower |
| Max | The system charges either a fixed amount or a percentage amount, whichever one is higher |
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Not all fee types are available for all fees.