How to calculate the FEES per transaction

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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

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