Fees

A fee refers to a monetary charge or cost associated with specific financial transactions or services.

Fees can be diverse and cover various aspects, such as authorization, settlements, and other non-transactional charges. The platform allows for the configuration of fees based on different criteria, including products or groups, providing a customizable approach to fee management.

Authorization fees

Authorization fees on Banking.Live are charges or costs associated with individual transactions, including authorizations or settlements.

These fees can be configured based on different transaction types, including ATM, POS, E-commerce, and international transactions. Banking.Live allows for flexible customization, ensuring that authorization fees are tailored to specific transaction categories or product groups.

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You can read more on product groups here.

How do these types of fees work?

The fee calculation process on the platform involves the rule engine. The rule engine is responsible for determining the applicable rules and fee actions for the current transaction based on the token or account being used. The fee actions are applied only if the corresponding rules are triggered, matching the configured conditions.

After the fee calculation is performed, the rule engine generates a response that includes a summary of the triggered rules and the applied fee actions.

This response also includes the fee ID and the corresponding fee amount that needs to be applied for the current transaction.

Non-authorization level fees

Non-authorization level fees encompass all other fees within Banking.Live, excluding additional transactional fees exclusive to the Credit Engine. Examples of these additional fees include:

• daily fees
• over-limit fees
• late payment fees, and more.

This distinction ensures a comprehensive and organized fee structure, addressing various aspects of financial transactions.

Reporting

Clients can choose to recieve the Program Fees report. You can read more on this report Program fees.

How can I implement fees?

If you are looking at using Banking.Live's Rule Engine to set any of the aformentioned fee types, you can discuss this with our Implementation Team during onboarding.

Alternatively, if you are already live, you can reach out to your Client Executive or raise a ticket on our Customer Support platform.

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TIP

• You may find your UAT PayControl access rights allow you to test fees.
• Fees are documented on your PSF. More info on PSF can be found here.