Transfer 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 transfer profile configuration.
Supported Fees
After you configure the fees in the transfer profile, the system will take the fees from the source instrument of the transfer transaction.
| Fee | Description |
|---|---|
| Transfer card to account fee | The system takes a fee whenever the customer moves funds from a card to a managed account |
| Transfer account to card fee | The system takes a fee whenever the customer moves funds from a managed account to a card |
| Transfer card to card fee | The system takes a fee whenever the customer moves funds from a card to another card |
| Transfer account to account fee | The system takes a fee whenever the customer moves funds from one managed account to another |
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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 source instrument’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.