Hello,
We are looking for more information on how the "Deposit Discount Fee" is calculated for C&P Transactions?
For a $100 payment, C&P says here that there are 3 fees that are charged:
.
We are trying to figure out the difference between:
Our report shows the "Deposit Net Amount" for the $100 payment (with fees paid/deducted) would be $99.85.
That math works for $104.12 - ($3.90) - ($0.37) = $99.85.
The final deposit that hits our account is: $99.85 - ($1.50) = $98.35.
So the difference between the platform fee and the Deposit Discount Fee does not appear to be related to the daily deposit fee.
And just to show the math:
Thanks in advance for any information you can provide!
We are looking for more information on how the "Deposit Discount Fee" is calculated for C&P Transactions?
For a $100 payment, C&P says here that there are 3 fees that are charged:
So, for a $100 payment...: | ||
C&P charges a platform fee (3.75% of the payment) |
$3.75 | ... |
C&P charges a per-transaction fee ($0.37 for each transaction) |
$0.37 | if they opted to pay the fees: ($3.75 + $0.37 = $4.12) $100 + ($4.12) = $104.12 This is the "Total Charged" and the "Deposit Gross Amount" |
C&P charges a daily deposit fee ($1.50 once per day: all transactions with same SweepID are batched and 1 deposit fee is deducted) |
$1.50 | (see below) |
We are trying to figure out the difference between:
- the $4.12 fees (platform fee + per transaction fee) and
- the $3.90 "Deposit Discount Fee" — which appears in our Settlement reports and in our Salesforce reports.
Our report shows the "Deposit Net Amount" for the $100 payment (with fees paid/deducted) would be $99.85.
That math works for $104.12 - ($3.90) - ($0.37) = $99.85.
- But why is there a difference between the platform fee ($3.75 charged to the donor) and the Deposit Discount Fee ($3.90 charged to us)?
- Where is the fee of $3.90 coming from?
The final deposit that hits our account is: $99.85 - ($1.50) = $98.35.
So the difference between the platform fee and the Deposit Discount Fee does not appear to be related to the daily deposit fee.
And just to show the math:
- the difference between $4.12 and $3.90 is $0.22
- the difference between $3.90 and $3.75 is $0.15
Thanks in advance for any information you can provide!
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