Let's take an example of a plan that's priced at 1200 rupees.
1200 rupees is being credited to the studio.
You can check the calculation here:
- Log into admin
- Click on memberships
- Click on full history
- Click on billing cycle number of the student
- Scroll down to payment calculation details
What is the Mobile Payment charge in this?
India: 2.25% + GST
International: 3.25% + GST
In the case of international, the additional 1% is charged to the studio.
In this case, of 1200 rupees the payment gateway charges are 32 rupees.
Here's the breakdown:
1200 [total amount] * 2% [payment gateway %] = 24 [payment gateway charge]
1200 [total amount] * 0.25% [routing %] = 3 [routing charge]
24+3 = 27 [total payment gateway charge]
Total payment gateway charges + Tax: 27* 1.18 [tax] = 31.86 [rounded off to 32]
You can check the mobile payment charge by:
- Logging into admin
- Click on memberships
- Click on full history
- Click on billing cycle number of the student
- Scroll down to payment calculation details