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.

⚠️
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 Name	Description
`ACCOUNT_OPENING_FEE`	A one-time account opening fee that's charged when the customer is created.
`ACCOUNT_MAINTENANCE_FEE`	A monthly fee that's charged for account maintenance at the start of the month for the present month.
`ACCOUNT_INACTIVE_FEE`	A monthly fee that's charged for inactive accounts.
`PLASTIC_FEE`	A one-time physical card issuance fee.
`REPLACEMENT_FEE`	A one-time physical card replacement fee.
`VIR_CARD_FEE`	A one-time virtual card issuance fee.
`ADDON_CARD_FEE`	A per-transaction fee that's charged for each `ADD_ON` card issuance.
`TRANSACTION_MARKUP`	Nium charges a markup fee on each transaction if the transaction currency isn't the same as the authorization currency.
`ATM_FEE`	A per-transaction fee that's charged on an ATM transaction.
`INTERNATIONAL_ATM_FEE`	A per-transaction fee that's charged on international ATM usage.
`ATM_DECLINE_FEE`	A per-transaction fee that's charged on an ATM transaction decline.
`NON_ATM_DECLINE_FEE`	A 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_FEE`	A per-transaction fee that's charged on e-commerce and online transactions.
`P2P_FEE`	A fee that's charged per fund transfer between two customers under the same or a different client program.
`POS_FEE`	A per-transaction fee that's charged on a point-of-sale transaction.
`WALLET_REFUND_FEE`	A per-transaction fee that's charged on a wallet refund.
`WALLET_CREDIT_THIRD_PARTY_FEE`	A per-payin-transaction fee that's charged when the customer—the account holder—isn't the remitter.
`WALLET_CREDIT_OFFLINE_FEE`	A per-payin-transaction fee that's charged when the customer—the account holder—is the remitter.
`WALLET_CREDIT_CARD_FEE`	A fee that's charged for crediting funds into the wallet using a card.
`REMIT_BANK_FEE`	A per-transaction fee that's charged on a remittance transaction when `payoutMethod = LOCAL`.
`REMIT_BANK_FEE_SWIFT`	A per-transaction fee that's charged on a remittance transaction when `payout Type = SWIFT` and `swiftFeeType = SHA`.
`REMIT_BANK_FEE_SWIFT_OUR`	A per-transaction fee that's charged on a remittance transaction when `payoutType = SWIFT` and `swiftFeeType = OUR`.
`REMIT_WALLET_FEE`	A per-transaction fee that's charged on a remittance transaction when `payoutType = WALLET`.
`REMIT_CARD_FEE`	A per-transaction fee that's charged on a remittance transaction when `payoutType = CARD`.
`REMIT_PROXY_FEE`	A per-transaction fee that's charged on a remittance transaction when `payoutType = PROXY`.
`FX_MARKUP`	A 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_SWEEP`	An 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.