How to update card swiping charges

How to update card swiping charges

You can define the card (Debit card/Credit card) swiping charges, by following the below path

Settings --> Finance --> Card Swiping Charges --> Add

Note : If the parent wants to pay Rs.10,000 fee
Debit Card:
Using Debit card (for transactions greater than 2000)
If Swiping Charges are 2%=200/-
Tax on Swiping Charges are 10%=20/-
Total Amount to be paid=10220/-
If the setting is "charges will be borne by school" : yes
parent needs to pay:10000
school will be credited with the amount as below:9784.31
If the setting is "charges will be borne by school" : No
Parent needs to pay the following amount: 10220
school will be credited with the amount as: 10000
Using Debit card (for transactions less than 2000)
No transaction charges

Credit Card:
If Swiping Charges are 2%=200/-
Tax on Swiping Charges are 10%=20/-
Total Amount to be paid=10220/-
If the setting is "charges will be borne by school" : yes
parent needs to pay: 10000
school will be credited with the amount as below:9784.31
If the setting is "charges will be borne by school" : No
Parent needs to pay the following amount: 10220
school will be credited with the amount as: 10000

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