What is a System Operation Charge?
A System Operation Charge is an additional fee that your platform collects when users add funds. It helps cover:- ✅ Server and operational costs
- ✅ Maintenance and security
- ✅ Staff/admin workload
- ✅ Sustainability of the platform
What is a Send Money Charge?
Whenever a user sends money to another user (like peer-to-peer wallet transfers), your system can apply a service charge. This is part of your business model and helps fund platform operations.It’s commonly used to:- 📌 Prevent spam or micro-transfer abuse
- 📌Generate revenue from wallet activity
- 📌Maintain healthy transaction handling costs
What is a Request Money Charge?
The Request Money feature allows one user to ask another for a specific amount (like a payment or personal reimbursement). Once the other user approves and sends the amount, your system can apply a Request Handling Fee to:- 📌 Offset the processing cost of internal fund requests
- 📌 Prevent misuse or spammy micro-requests
- 📌 Generate revenue from peer-to-peer activity
- 📌 Encourage meaningful use of the feature
What is Exchange Money Charge?
The Exchange Money Charge is a system-defined currency conversion fee. When a user exchanges money between currencies (e.g., USD to EUR), this fee is applied to handle:- 📌Real-time rate fetching
- 📌Currency spread management
- 📌Platform exchange operations
- 📌Maintenance of multi-currency infrastructure
What is a Redeem Code Charge?
Your platform may allow users to redeem voucher codes (e.g., prepaid cards, promotional codes, or admin-generated top-ups). To process each code securely, your system can apply a redeem charge — a small fixed or percentage-based deduction made before crediting the wallet.This charge is internal — it's not a gateway or external processing fee.
What is an Escrow Charge?
The escrow system temporarily holds funds during a transaction — ensuring neither the sender nor the receiver can misuse them until the deal is complete (e.g., for services, projects, or peer-to-peer agreements). To support this mechanism, your platform can apply an Escrow Charge:- 📌Collected by the system as a service or security fee
- 📌Encourages trust between users
- 📌Offsets the cost of dispute handling, security, and transaction locking
What is a Voucher Code Charge?
When users apply a voucher code (e.g., from a promotion, campaign, or gift), they receive wallet credit or a service. The Voucher Code Charge deducts a small handling fee from the total value, helping the platform manage costs related to:- 📌Promotional campaigns
- 📌Code generation and tracking
- 📌 Abuse prevention mechanisms