Imposition of fees

Only available to admins with the fees manager right.

Example: you need to impose a $0.5 fixed fee + 1% (percentage) fee on all outgoing USD payment operations performed by verified individual accounts and apply the configured rules to the operations in the range from $5 to $20. To do this, you:

Step 1. In the navigation bar, go to Fees Step 2. On the Fee management page, in the Scope box, select the scope: account type Step 3. In the Type box, select the type of operation: payment Step 4. In the Direction box, select the direction of the payment: outgoing Step 5. In the Account type box, select the type of account: general (verified individual) Step 6. In the Asset box, select the asset: USD Step 7. In the Lower bound box, enter the lower boundary of operation: 5 Step 8. In the Upper bound box, enter the upper boundary of operation: 20 Step 9. In the Percent fee box, enter the percentage fee: 1 Step 10. In the Fixed fee box, enter the fixed fee: 0.5 Step 11. In the Fee asset box, select the asset in which the fees will be imposed: USD (Note: in the case of outgoing payments, the fee asset can be different from the operation asset (USD, in our case)) Step 12. Click Create Step 13. Click Submit

As a result, you collect the specified fees from all verified individual accounts that perform USD payments in the range of $5-10.

A case example: If a user has sent a payment in the amount of $18, he/she will be charged with a $0.68 fee ($0.5 fixed fee + ($18 × 1% = $0.18) percentage fee). Note: The sender can optionally pay the recipient’s fee as well.

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