Fees

Overview

Clients, especially those who use the Nium One platform to embed the payment-oriented services from Nium into their products delivered to the end customers, have two ways to charge fees for the different kinds of services offered.

The platform also charges some account and transaction-specific fees. Once the fee structure is mutually accepted by Nium and the clients, then these are configured at the client level.

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CAUTION

Check with the Nium legal and compliance team and get approval before charging any customer fees. Don't use Nium's Charge Fee API without explicit approval from Nium. Reach out to your customer success and your sales and solution engineering teams at Nium for additional guidance. Any fees charged need to be disclosed in the required customer terms and conditions as determined by the Nium legal and compliance team.

Predefined fees

Clients can work with their program representatives to configure their fees as part of their account setup. The system automatically levies the fees to the customer, according to the defined logic. Refer to the table below for the predefined list of fees. Reach out to Nium customer support to have any of these fees defined for you. The list of predefined fees is updated from time to time as new features and capabilities are added to the platform.

The following are the types of fees and their definitions:

Fee NameDescription
ACCOUNT_OPENING_FEEA one-time account opening fee that's charged when the customer is created.
ACCOUNT_MAINTENANCE_FEEA monthly fee that's charged for account maintenance at the start of the month for the present month.
ACCOUNT_INACTIVE_FEEA monthly fee that's charged for inactive accounts.
PLASTIC_FEEA one-time physical card issuance fee.
REPLACEMENT_FEEA one-time physical card replacement fee.
VIR_CARD_FEEA one-time virtual card issuance fee.
ADDON_CARD_FEEA per-transaction fee that's charged for each ADD_ON card issuance.
TRANSACTION_MARKUPNium charges a markup fee on each transaction if the transaction currency isn't the same as the authorization currency.
ATM_FEEA per-transaction fee that's charged on an ATM transaction.
INTERNATIONAL_ATM_FEEA per-transaction fee that's charged on international ATM usage.
ATM_DECLINE_FEEA per-transaction fee that's charged on an ATM transaction decline.
NON_ATM_DECLINE_FEEA per-transaction fee that's charged on a non-ATM transaction decline such as when a merchant category code isn't equal to 6011.
ECOM_FEEA per-transaction fee that's charged on e-commerce and online transactions.
P2P_FEEA fee that's charged per fund transfer between two customers under the same or a different client program.
POS_FEEA per-transaction fee that's charged on a point-of-sale transaction.
WALLET_REFUND_FEEA per-transaction fee that's charged on a wallet refund.
WALLET_CREDIT_THIRD_PARTY_FEEA per-payin-transaction fee that's charged when the customer—the account holder—isn't the remitter.
WALLET_CREDIT_OFFLINE_FEEA per-payin-transaction fee that's charged when the customer—the account holder—is the remitter.
WALLET_CREDIT_CARD_FEEA fee that's charged for crediting funds into the wallet using a card.
REMIT_BANK_FEEA per-transaction fee that's charged on a remittance transaction when payoutMethod = LOCAL.
REMIT_BANK_FEE_SWIFTA per-transaction fee that's charged on a remittance transaction when payout Type = SWIFT and swiftFeeType = SHA.
REMIT_BANK_FEE_SWIFT_OURA per-transaction fee that's charged on a remittance transaction when payoutType = SWIFT and swiftFeeType = OUR.
REMIT_WALLET_FEEA per-transaction fee that's charged on a remittance transaction when payoutType = WALLET.
REMIT_CARD_FEEA per-transaction fee that's charged on a remittance transaction when payoutType = CARD.
REMIT_PROXY_FEEA per-transaction fee that's charged on a remittance transaction when payoutType = PROXY.
FX_MARKUPA foreign exchange (FX) markup fee that's applied on the exchange rate used for the below transactions:- Balance transfer within a wallet
  • Cross-currency wallet prefunding
  • Remittance transactions
  • FX_MARKUP_AUTO_SWEEPAn FX markup fee that's applied to the exchange rate used for automatic sweep transactions.

    Custom fee

    At times, clients might find it convenient and flexible to charge a fee that's not already a part of the list of standard predefined fees. For instance, clients could use this approach to charge a monthly subscription fee or to charge a fee based on the inward payment option used. Clients can use the Charge Fee API to charge the custom fee to the account holder's wallet in any of the currencies enabled in the account holder's wallet. The system handles the fee processing, in terms of accounting, in the same way it handles the predefined fee. The collected fees can later be adjusted as part of the client's regular invoicing.