Transfers and Related Fees - Example
An explanation of transfers amount and related fee calculations.
Following are examples of transfers to Linked Accounts and how Payment Gateway and transfer fees apply to the transactions.
In this example, you are making a transfer to a single Linked Account. Following are the details:
Payment Amount = ₹1,000.00
Payment Pricing Plan = 2%
Transfer Fees = 0.25%
Your Commission = ₹100.00
Amount Transferred to Linked Account = ₹900.00
GST Levied = 18%
Transaction Details
| Your Account Balance (₹)
|
|---|
Payment received from Customer
| 1,000.00
|
Gateway Fee Charged on Capture
Payment Amount * Pricing Plan * GST
1000 * 2/100 * (1+(18/100))
| -23.60 |
| 976.40
|
Transfer Fee Charged
Transfer Amount * Pricing Plan * GST
900 * 0.25/100 * (1+(18/100))
| -2.66 |
Amount Transferred to Linked Account
| -900.00 |
Final Account Balance
| 73.74
|
In this example, you are making transfers to two Linked Accounts. Following are the details:
Payment Amount = ₹1,000.00
Payment Pricing Plan = 2%
Transfer Fees = 0.25%
Your Commission = ₹100.00
Amount Transferred to Linked Account 1 = ₹300.00
Amount Transferred to Linked Account 2 = ₹700.00
GST Levied = 18%
Transaction Details
| Your Account Balance (₹)
|
|---|
Payment received from Customer
| 1,000.00
|
Gateway Fee Charged on Capture
Payment Amount * Pricing Plan * GST
1000 * 2/100 * (1+(18/100))
| -23.60 |
| 976.40
|
Linked Account 1 Transfer Fee Charged
Transfer Amount * Pricing Plan * GST
300 * 0.25/100 * (1+(18/100))
| -0.89 |
Amount Transferred to Linked Account 1
| -300.00 |
Net Account Balance
| 675.51
|
Linked Account 2 Transfer Fee Charged
Transfer Amount * Pricing Plan * GST
700 * 0.25/100 * (1+(18/100))
| -2.07 |
Amount Transferred to Linked Account 2
| -700.00 |
Final Account Balance
| **-26.56** |
The transfer happens only if you have an account balance equal to or greater than ₹26.56.