Transfers and Related Fees Example

Available in🇮🇳 India

Following are examples of transfers to Linked Accounts and how Payment Gateway and transfer fees apply to the transactions.

Transfer to Single Linked Account

In this example, you are making a transfer to a single Linked Account. Following are the details:

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
The Account Balance after deduction	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

Transfer to Two Linked Accounts

In this example, you are making transfers to two Linked Accounts. Following are the details:

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
Account Balance after Deduction	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.