How to calculate the FEES per transaction

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:

• Merchant Account Fees
• What is merchant discount rate?