How to calculate the FEES per transaction

Will you allow One IBC to send you notifications?

We will only notify the newest and revelant news to you.

Home FAQs Merchant Account Online

For the formula on how to calculate the fees, kindly see the working breakdown below, which assumes an exchange rate of SGD to USD is 1SGD = 0.73USD.

For settlement in SGD

Gross Amount Captured = 100.00 SGD

Fees (MDR+ Refund fee) = MDR (100*2.85%) + (0.40 USD)

= 2.85 SGD + 0.40 USD

= 2.85 SGD + 0.55 SGD

= 3.4 SGD

Net Amount = 100.00 - 3.4 = 96.6 SGD

For settlement in non-SGD

Gross Amount Captured = 100.00 USD

Fees (MDR+ Refund fee) = MDR (100*3.3%) + (0.40 USD)

= 3.30 + 0.4

= $3.7

Nett Amount = 100.00 - 3.7 = 96.3 USD

Hope this explain

Also read:

Leave us your contact and we will get back to you the soonest!

Full Name *

Email Address *

Phone Number *

Communication Channel *

Your inquiries *

How did you know about us *

Which country do you want to setup company ? *

Additional Request(s)

What the media say about us

About Us

We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.