How is my payment breakdown calculated? : Fave Partners Portal

How is my payment breakdown calculated?

Created by: Dilhany Jayawardena

Modified on: Tue, 18 Feb, 2020 at 5:15 PM

Partner’s revenue takeback for FavePay payments is calculated as below according to each country:

Malaysia

Revenue = Total Bill — (FavePay Cashback Earned + Fave Commission + SST on Fave Commission)

Effective Feb 1, 2020, all standard-rated sales and services tax (SST) in Malaysia will be increased from 0% to 6% in accordance with the Ministry of Finance Malaysia.

Singapore

Revenue = Total Bill — (FavePay Cashback Earned + Fave Commission + GST on Fave Commission)

Dilhany is the author of this solution article.

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How is my payment breakdown calculated?

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