As the number of companies offering electronic payment services continues to increase at a rapid pace, the fees being charged and the commissions being offered for transaction processing services have become extremely competitive. As a result, companies that offer transaction processing services must be able to quickly respond and modify pricing structures based on specific business relationships.
Concourse – Fees & Commissions is a real-time, rules-based software solution that is giving companies the flexibility to calculate any type of fee or commission on any electronic payment transaction. This includes interchange fees, gateway fees, processing fees, service fees, recurring fees, commissions, and much more. Below are just a few methods that can be leveraged within the system to create unique and competitive pricing structures:
- Transaction-based
- Volume-based
- Percentage-based
- Threshold-based
- Flat or Tiered
