Overview
Send Fees Configuration
With Weavr, you can generate revenue from your customers for using your services. To set up fees for Send transactions, go to the Multi Portal, access the Settings page, and navigate to the Send profile configuration within the Transactions section.
A Send is a transaction that moves funds between two instruments managed by Weavr. Both Managed Accounts and Managed Cards belonging to different corporate or consumer identities can be used as instruments in a Send transaction.
By default, the fee configuration for the Send profile will be applied to the source instrument for each supported fee group, unless configured otherwise. The Send profile offers flexibility by allowing fees to be charged to the source instrument, the destination instrument, or split between both instruments. This is particularly useful in closed-loop payment setups or marketplace environments where transaction fees can be applied to both sellers and customers.
There are three options available in the Send profile:
- Source Instrument Charged: The entire fee type is charged to the source instrument.
- Destination Instrument Charged: The entire fee type is charged to the destination instrument.
- Shared Fee: The fee is split between the source and destination instruments based on a specified percentage that always sums up to 100%. Detailed instructions for configuring shared fees are available on the Shared Fees Configuration page.
Supported Fee Groups
The following table explains the supported fee groups offered in the Send profile.
| Fee | Description |
|---|---|
| Send Card To Account Fee | The system takes a fee whenever the customer moves funds from a card to a managed account |
| Send Account To Card Fee | The system takes a fee whenever the customer moves funds from a managed account to a card |
| Send Card To Card Fee | The system takes a fee whenever the customer moves funds from a card to another card |
| Send Account To Account Fee | The system takes a fee whenever the customer moves funds from one managed account to another |
The system will process the transaction and the associated fees only if there are sufficient funds in the source instrument. While the fee allocated to the destination instrument will be deducted from the transaction amount.
Fee Types
Weavr allows you to set up fees using different fee types. These fee types can be configured per supported fee group and by default the fee type will be set to None, unless configured otherwise.
| 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 |
| None | The system will not charge any custom fees |