For software platforms and marketplaces, we've added new fees available to charge merchants.
You can view all our fees on our Fee Profile API reference or on our Dashboard when you create a Fee Profile.
We've added the ability to set fees to merchants if there is a Notice of Change (NOC) on an ACH Sale or Refund.
We've added support to charge for Notice of Change (NOC) events on Settlement Funding transfers. These are the payouts issued to your merchants that may fail completely (ACH Return) or alternatively result in a NOC.
We've added support to create Settlement Funding Transfer fees to your merchants.
You can set different rates for:
- Next Day ACH: This is our standard offering for payouts.
- Same Day ACH: Same Day ACH allows merchants to be funded the same day a Settlement is Approved.
- Instant Payouts: If a merchant requests an instant payout, Finix can apply a basis point or fixed fee for this event.
- Next Day ACH: This is our standard offering for payouts.
- Same Day ACH: Same Day ACH allows merchants to be funded the same day a Settlement is Approved.
- Instant Payouts: If a merchant requests an instant payout, Finix can apply a basis point or fixed fee for this event.
If a merchant uses Finix's subscription billing product to create subscriptions, you can now charge for this event.
You can set different rates for ACH, Card, and EFT subscriptions. The fees are applied on SUCCEEDED transfers.