# Platform Residuals

As a Platform, Finix allow you to easilly monetize payments and collect a residual from your merchants.

## Residuals Overview

Finix has two types of billing:

- **Merchant Fees**: Fees used to bill your `merchants` for transaction costs on Finix. These can be set using the Fee Profile or passed in dynamically on transactions.
- **Finix Costs**: Costs for using the Finix system for Acquiring. These are associated with your legal agreement with Finix.


## Calculating Residuals

Finix calculates residuals with a simple equation:


```txt Residuals Calculation
(Merchant `Fees` - Finix `Costs`) = `Residuals`
```

Depending on your agreement with Finix, there may be a Revenue Share. If that's the case, you will only keep the portion of the Residuals specified in your agreement.

## Viewing your Costs Profile

Platforms on Finix are assigned a Cost Profile that detail the rates assigned to them.

To View your Cost Profile:

1. Log into the Finix Dashboard.
2. Navigate to Settings > Company
3. Navigate to the Company Financials Tab
4. Select Cost Profile


Your Cost Profile will match the rates entered in your Finix Master Service Agreement (MSA) and Order Form.

![Cost Profile](/assets/platform-residuals-daphnes-corner-cost-profiles.4eb1c7583254973e1b1cc1fbfa00565edfffb557dc7ec63dd170ebe88ef56ac9.08ff7529.png)

If your customer are on a legacy processor, you will not be able to see your Cost Profiles. Please reach out to your Customer Delivery Manager for more information.

## Viewing Costs

Similar to Fees, you will be able to view `Costs` on different resources. When viewing a payment, you will be able to view `Fees` and `Costs` to give you a better perspective on different payments.

![Viewing Costs](/assets/platform-residuals-daphnes-corner-viewing-costs.4293de2e6bca216b375627d8c53d670e41d1a22447cd2a7c957d6233b9333dea.08ff7529.png)

## Viewing Billing Settlements

Finix generates Residuals monthly. These residuals are based on the previous equation of:


```txt Residuals Calculation
(Merchant `Fees` - Finix `Costs`) = `Residuals`
```

![Billing Settlements](/assets/platform-residuals-daphnes-corner.f67530aa8feafd085ac99efe61d40c2407a57d346516782b5fa9e8724e7d7d12.08ff7529.png)

Additional Notes:

- Residuals may be negative if your Merchant `Fees` are not high enough to cover the Finix `Costs`.
- Certain contracts with Finix have a Rev Share split that needs to be taken into account


### Income Statement

When you click into a Billing Settlement, you'll be able to see an aggregate of both `Fees` and `Costs`. You can expand and collapse the different sections to view the aggregations for both Fees and Costs.

![Cost Income Statement](/assets/platform-residuals-daphnes-corner-income-statement.b7f0737fe3eba178bdb5ba2105ac658d4f5e1a39c330056390614de755fbb93f.08ff7529.png)

### Downloading Reports

At the bottom of the the Billing Settlement, there will be a section to download reports related to this Billing Settlement.

We offer the following report:

- **Residual by Merchant:** This report provides a breakdown of residuals by merchants.


## Receiving your Residual

Residuals are normally paid out within 30 days of the billing settlement being created. Residuals will be paid out using `Billing Transfers` which will be viewable in your `Biling Settlement`.

Note: There may be situations where a residual is not paid out if money is owed or if losses occur due to an inability to collect fees from a merchant in your portfolio.