Fees
parameter. When the transaction request succeeds, the Fees
amount is deducted from the DebitedFunds
and directed to the Fees Wallet, while the remaining amount (the CreditedFunds
) arrive on the Mangopay wallet (indicated by the CreditedWalletId
).
Transactions follow this sum:
AsDebitedFunds
-Fees
=CreditedFunds
Fees
is a required parameter, if you don’t wish to collect fees on a give transaction, you need to set the value to zero.
The amounts on the Fees Wallet are paid out automatically by Mangopay as part of the billing cycle. Platforms cannot initiate fees payouts to the platform’s bank account.
Fees
parameter can be used to specify fees on all payment methods, except:
DeclaredFees
parameter is used to declare the amount in advance (like the debited funds). If the transaction is successful, the Fees
parameter is updated with the declared amount.Fees
you charge them.
Within the first 5 of the month, Mangopay generates an invoice for the previous month based on the pricing in the platform’s contract.
There is one invoice generated per currency (like there is one Fees Wallet per currency).
The balance of the platform’s Fees Wallet for each currency is used by Mangopay during invoicing. On the 5th of the month, the sum of the fees collected during the previous month is paid out.
There are two possible cases:
Collected fees > Mangopay commission | Collected fees ≤ Mangopay commission |
---|---|
If the sum of the collected fees is greater than the amount due to Mangopay, then:
| If the sum of the collected fees is less than (or equal to) the amount due to Mangopay, then:
|