Settlement : Sample Calculation of Settlement Received

Below is an example of what will appear on your Dashboard after you have received your settlement.

1. This can be found by going to Menu > Payment > List (Settlement)

2. MDR (seen on the third column) stands for Merchant Discount Rate. It is the rate that is charged for the transaction received by the merchant. In other words, it is the service charge taken from the gross amount. The source for MDR can be from:

  • 2.5% charge from total of credit/debit card transactions only, or
  • 1.5% charge from each FPX transaction only, or
  • Both.

3. Hence, to summarize,

  • Nett amount = Gross amount – MDR

5. Merchants can view the source of the MDR by clicking the turquoise “View” button, or, download an Excel report for the transactions by clicking on the blue “Download” button.

6. Below is an example of what can be viewed after clicking the “View” button.


A. Calculation example

This calculation is based on the example given above.

1) 2 FPX transactions :-

  • 1.5% of RM 99.00 = RM 1.485
  • 1.5% of RM 50.00 = RM 0.75 @ RM 1.00
  • For FPX transaction, the charge is 1.5% or a minimum charge of RM1.00 which ever is higher. Thus, RM 1.00 will be charged for this transaction.

2) 1 Credit Card transaction :- 

  • 2.5% of RM 99.00 = RM 2.475
  • Total MDR = RM 1.485 + RM 1.00 + RM 2.475 = RM 4.96