Work out the 2% FonePay merchant charge, what lands in your account, and what to charge a customer if you want to receive the full amount.
FonePay deducts a flat 2% gateway fee from every merchant transaction before settling the balance to your account. Two different questions follow from that, and they have different answers:
Net = Amount − (Amount × 2%)
Charge Rs. 1,000 and Rs. 980 reaches you.
Due = Amount ÷ (1 − 2%)
To bank Rs. 1,000 you must charge Rs. 1,021 — not Rs. 1,020.
| Amount | FonePay fee (2%) | You receive | Charge to net the amount |
|---|---|---|---|
| Rs. 100 | Rs. 2 | Rs. 98 | Rs. 102 |
| Rs. 500 | Rs. 10 | Rs. 490 | Rs. 510 |
| Rs. 1000 | Rs. 20 | Rs. 980 | Rs. 1020 |
| Rs. 2000 | Rs. 40 | Rs. 1960 | Rs. 2041 |
| Rs. 5000 | Rs. 100 | Rs. 4900 | Rs. 5102 |
| Rs. 10000 | Rs. 200 | Rs. 9800 | Rs. 10204 |
| Rs. 25000 | Rs. 500 | Rs. 24500 | Rs. 25510 |
| Rs. 50000 | Rs. 1000 | Rs. 49000 | Rs. 51020 |
| Rs. 100000 | Rs. 2000 | Rs. 98000 | Rs. 102041 |
FonePay QR at any of our counters, mobile banking, or a bank transfer. Ask us to send a QR to your phone and you can pay without leaving home.
Telecom Service Charge is a government levy on internet service in Nepal. It is charged on top of VAT and it applies to every ISP, not only us.
Scan the QR at any of our counters, or ask us to send one to your phone.
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