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Transaction Fees

Each transaction may include three fee types:
  • Transaction Fee – Charged as a percentage of the transaction.
  • Banking Fee – Charged for the banking rails (e.g., SEPA, ACH, Wire).
  • Network Fee – Charged by the blockchain network.

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Fee Settlement Methods

For each fee, you can choose the amount that gets deducted on each transaction.
  • The fee amount is taken immediately from each transaction amount.
  • The fees are accumulated by Iron for you and invoiced monthly.

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Fee Profiles

You can define multiple fee profiles and assign them to customers. A fee profile represents a complete fee configuration that determines:
  • Which fees apply.
  • How much is charged.
  • Who pays each fee (you vs. your customer).
Fee profiles allow you to:
  • Offer different pricing tiers (e.g., premium vs. free customers).
  • Provide discounted or subsidised fees to selected customer segments.
  • Customise the end-customer fee experience without changing backend settlement logic.

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Autoramp-Level Configuration

Fee profiles are configured at the autoramp level, giving you fine-grained control over fees based on currency pairs and payment rails. This enables you to:
  • Apply different transaction or banking fees for the same customer across different autoramps.
  • Offer lower fees on preferred currency pairs or payment methods.
  • Maintain multiple pricing strategies for a single customer.

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Network Fee Subsidisation

You can choose to absorb blockchain network (gas) fees instead of passing them on to end customers.
  • Network fees are not customisable but are calculated at the transaction level (fee = cost).
  • Network fees can be configured to be invoiced monthly to you.
  • End customers see zero gas fees at checkout when subsidised.
  • Configuration is done at the autoramp and fee profile level.

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Invoicing

Iron maintains a clear distinction between:
  • The fees charged by Iron to you.
  • The fees charged by you to the customer.
Any difference between these two is automatically accounted for during invoice generation.

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How Monthly Invoicing Works

  • Fees related to Iron, banking rails, and network accumulate based on the fee profile.
  • Your markups and subsidies are tracked separately.
  • Monthly invoices reflect:
    • Fees owed to Iron.
    • Transaction fees, network fees, and banking fees deducted.
    • The net amount owed between you and Iron.