Fee Settings

Info

Fee settings control how transaction fees are calculated and charged. Custom settings override built-in defaults.

Overview

Fee Types

• Percentage: Charge % of transaction amount
• Flat: Fixed fee per transaction

Party Types

• Sender: Person initiating transfer
• Recipient: Person receiving funds
• Agent: Cash-in/cash-out agent
• Processor: POS merchant

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Endpoints

List Fees

GET /api/v1/fee-settings

Retrieve all configured fee settings with optional filtering

Get Fee

GET /api/v1/fee-settings/:type/:party

Get specific fee setting by transaction and party type

Update Fee

PUT /api/v1/fee-settings

Create or update fee setting (upsert operation)

Delete Fee

DELETE /api/v1/fee-settings/:type/:party

Remove custom fee and revert to defaults

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Transaction Types

Type	Description	Default Fee
transfer_p2p	Person to person transfer	1.5% sender
agent_cashin	Agent deposits to wallet	0.5% agent
pos_payment	POS terminal purchase	1.0% processor
vult_fund	VULT partner funding	0%
wallet_withdraw	Wallet withdrawal	1.0% sender

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Fee Calculation Example

Transaction Initiated

User transfers 50,000 SLE to another user

Fee Lookup

System checks fee settings for transfer_p2p + sender

Fee Applied

Fee: 1.5% of 50,000 = 750 SLE

Total debited: 50,750 SLE

Recipient Credited

Recipient receives full 50,000 SLE

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Configuration Examples

{
  "transaction_type": "transfer_p2p",
  "party_type": "sender",
  "fee_type": "percentage",
  "fee_value": 1.5,
  "debit_enabled": true,
  "credit_enabled": false
}

Warning

Percentage fees cannot exceed 100%. Changes take effect immediately.

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Response Structure

{
  "settings": [
    {
      "id": 1,
      "transaction_type": "transfer_p2p",
      "party_type": "sender",
      "fee_type": "percentage",
      "fee_value": 1.5,
      "debit_enabled": true,
      "credit_enabled": false,
      "updated_at": "2025-01-15T10:30:00Z",
      "updated_by": "admin"
    }
  ],
  "count": 12
}