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%
In this example, you are making transfers to two Linked Accounts. Following are the details:
- Payment Amount = ₹1,00.00
- 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%
The transfer happens only if you have an account balance equal to or greater than ₹26.56.
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