Please read this article to understand how our reporting works.
Commission
This is PrimeiroPay's processing fee including any applicable taxes that usually ranges from 0.38% to 6.38%.
Example:
Processing Fee: 5.00%
Applicable Taxes: 0.38%
The total fee in the commission field is 5.38%
Markup
In case you anticipate your transactions with us (e.g. to migrate FX risks entirely), an anticipation fee is being charged per month. In case of installments, this anticipation is being charged per month on the remaining amount to be settled to you.
If you are using installments please note PrimeiroPay charges you an additional commission for all transactions made in installments of 2 or more.
This fee may vary depending on the number of installments and will be included in the commission charge.
These fees will be shown in the settlement report in the column "markup".
The following file allows you to understand the calculation behind the anticipation. It is recommended that these extra costs are bing passed on to your end-consumer. The Spreadsheet gives you the calculation of your extra costs and the final price you should charge to the end-customer.
The basic formula behind anticipation is the following:
(1*2.00%/2) + (2*2.00%/2) = 3.00%
(change the yellow marked cells to adjust them to the fee that PrimeiroPay is charging you)
Remittance (Fees)
PrimeiroPay does not charge an extra remittance fee. When funds are remitted from PrimeiroPay to you, the "shared cost" of SWIFT transactions is being used. Your bank may charge you a fee when they credit your account.
There is no minimum settlement amount required.