Sends overviews
SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. 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 SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. profile configuration within the Transactions section.
A SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. is a transaction that moves funds between two instruments managed by Weavr. Both Managed AccountsManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. and Managed CardsManaged Card A payment card (virtual or physical) that can be created and managed through the Weavr platform. Cards can operate in prepaid mode (with their own balance) or debit mode (linked to a managed account). All cards must be assigned to a card assignee who is an Authorised User. belonging to different corporate or consumer identities can be used as instruments in a SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. transaction.
By default, the fee configuration for the SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. profile is applied to the source instrument for each supported fee group, unless configured otherwise. The SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. 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 SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. 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 SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. profile.
| Fee | Description |
|---|---|
| SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. Card To Account Fee | The system takes a fee whenever the customer moves funds from a card to a managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. |
| SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. Account To Card Fee | The system takes a fee whenever the customer moves funds from a managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. to a card |
| SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. Card To Card Fee | The system takes a fee whenever the customer moves funds from a card to another card |
| SendSend A transaction type that allows sending funds to another identity's instrument or to a beneficiary. Send transactions may require Strong Customer Authentication depending on the destination and whether it's a trusted beneficiary. Account To Account Fee | The system takes a fee whenever the customer moves funds from one managed accountManaged Account An account held at a financial institution that can be created and managed through the Weavr platform. Each account has a balance where customers can hold funds. Optionally, an IBAN can be assigned to enable wire transfers to bank accounts outside of Weavr. to another |
The system processes the transaction and the associated fees only if there are sufficient funds in the source instrument. While the fee allocated to the destination instrument is deducted from the transaction amount.
Fee Types
You can set up fees using different fee types. These fee types can be configured per supported fee group and by default the fee type is 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 does not charge any custom fees |