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Version: multi-v3

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.

FeeDescription
Transfer card to account feeThe system takes a fee whenever the customer moves funds from a card to a managed account
Transfer account to card feeThe system takes a fee whenever the customer moves funds from a managed account to a card
Transfer card to card feeThe system takes a fee whenever the customer moves funds from a card to another card
Transfer account to account feeThe 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 TypeDescription
FlatThe system charges a fixed amount for every transaction/event
PercentageThe system charges a percentage of the transaction amount for every transaction/event
PlusThe system charges both a fixed amount and a percentage amount for every transaction/event
MinThe system charges either a fixed amount or a percentage amount, whichever one is lower
MaxThe 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.