When a customer pays your business with Settle, the transaction amount is collected by Settle from the client. Then we remove the agreed transaction fee and pay out the net amount to the bank account of your business at the agreed settlement interval.
- The client pays € 10
- Settle collects the funds and charges the business 1.5% in transaction fee (€ 0,15)
- Settle pays out € 9,85 to the bank account of the business