Charging a Platform Fee

If your Platform charges a fee or commission when facilitating payments for your Partners, the Platform fee feature allows you to do so automatically.

Learn about Platform Fee use cases

Let us know if you are interested in using this feature for other use cases.

Charge Platform Fee automatically in 2 steps

1. Create a Fee Rule via API

Fee Rule is an object that could be created in our system to set a new commission model on your platform. E.g: as a franchise business you're looking to receive 10% of revenue made by stores in Jakarta, and 5% revenue made by stores in Bali. You can create two fee rules that takes 5% and 10% fee

Steps to create Fee Rule:

• POST to https://api.xendit.co/fee_rules
• Fee Rule lets you set a flat or percentage amount from each transaction
• Xendit does the fee calculation for you

2. Create a Transaction (e.g. Invoice, OVO Payment) via API with the Fee Rule

You can apply a fee rule to a specific transaction. Use with-fee-rule header on the API call when you are creating a transaction on behalf of your partners E.g: as an online marketplace, you want to take 10% commission only from apparel purchase transactions. You can apply with-fee-rule header to this transaction type only

Steps to create Transaction with Fee Rule:

• POST to https://api.xendit.co/v2/invoices using with-fee-rule header containing fee ID
• You can find Fee ID on Fee Rule Dashboard Learn more on our API reference.

Currently, you can apply fee rule to the following types of transactions:

• Cards
• eWallets (version 2020-02-01, 2019-02-04)
• XenInvoice (All Xendit payment channels)

Settlement & flow of funds

Once the transaction is settled to your partner’s account, Xendit will automatically deduct platform fees from your partner and transfer it to your platform account

• Fee Rule will debit the fee amount and reflect it on the platform dashboard
• Fee Rule will credit the fee amount and reflect it on the partner dashboard

E.g: if you create a Fee Rule taking 30% commission fee for each transaction. When you create a transaction of 100.000 IDR for your merchant and include this Fee Rule, 30.000 IDR will be transferred to the Platform account, while 70.000 IDR will remain on the Partner’s account.

Monitor and track Fees on your Dashboard

You can also monitor all the charged platform fees and track the fee rules that have been created in your system.

E.g as any platform business, you need to check whether payments are successfully received in the system, and do financial reconciliations on the settled fees - you can have access to our user friendly dashboard, easily track the fees created and also check payment status.

1. Monitor Platform Fees

Check payment status, settlement dates, filter fees and more.

On the Platform Fees tab, you will see the following columns:

• Fee ID: This column shows the unique fee rule ID applied on this transaction. This was generated by Xendit system when you first created a fee rule.
• Reference: A unique reference of your transaction from your server, such as external_id parameter.
• Date Created: The date in which transaction with applied fee rule was created.
• Destination Account ID: The unique account ID of the receiving end of the platform commission fee.
• Transaction Amount: The total amount of transaction paid by the end-payer.
• Total Platform Fee: The total amount of fee or commission taken by the Platform.
• Date Settled: The date in which the transaction is settled to the Xendit account.
• Status: The status of the Platform Fee in the system.

2. Track Fee Rules created

You can also track the list of created fee rules on the dashboard and filter through the search bar using Fee Rule ID

On the Fee Rules tab, you will see the following columns:

• Fee Rule Name: This column shows the name to identify fee rule.
• Fee Rule ID: This is the ID generated by Xendit when you first created the fee rule via API.
• Total Platform Fee: This is the specified amount of Platform Fee when you first created fee rule via API. This could be in percentage amount or a flat rate.
• Date Created: This column shows the date of which you created the fee rule via API.

Learn more you can reach out to us for a free demo for this feature, no commitments.