The Fave fee is a percentage charged by Fave for every transaction. It’s charged based on the customer Payable Amount. There is also GST (7% for SG merchants) or SST (6% for MY merchants) charged on the Fave Fees.


Fave Fees =  1% x (Bill Amount - Merchant Cashback Utilised - eCard Credits Used)


GST / SST on Fave Fees = % x Fave Fees


Sample Calculation below: 


Customer VisitFirst visit
Second visit
Bill Amount$100
$100
Merchant Cashback Used-$10 (from first transaction recorded under Merchant Cashback Issues)
eCard Credits Used
--
Payable Amount (Bill Amount - Merchant Cashback Utilised - eCard Credits Used)$100$90
Merchant Cashback Issued (10% x Payable Amount)$10$9
Fave Fees (1% x Payable Amount)$1$0.9
GST / SST on Fave Fees (7% (SG) or 6% (MY) x Fave Fees)$0.07 (assume GST = 7%)$0.063 (assume GST = 7%)
Merchant Takeback$88.93$90.04