Difference between revisions of "Finance Settings"

Revision as of 11:03, 7 May 2015

Contents

Finance Settings - Settings / Finance

You can change settings related to finance from here.

Payment Processors

You can add, edit and inactivate payment processors from here.

Adding Payment Processor

To add a payment processor, click on the Add Processor button.

If you want to add a new payment processor in the site and the respective files have been provided to you by the vendor, then fill in following details and submit the form. You are supposed to upload the files to the 'vendors' directory.

- Processor Name :* Specify the name of the processor. The name to be entered here would be provided to you and it will be displayed everywhere in the site.
- Directory Name :* Specify the name of the processor directory that you uploaded to 'vendors' directory. Make sure they match exactly to avoid problems.
- Extra Field : Sometimes, you may need to provide additional fields to the members for some inputs like comment, parameters, etc. Select the checkbox if one or more fields are needed. You would be instructed whether this needs to be done by the vendor of the processor.

Click on Update to add the processor.

After you have added the processor you need to click on Action -> Edit Details to add additional details of the processor. These details are different for every processor.

Bank Wire
Add Fund Settings
- Your Bank Account Details :* Specify the name of the processor. The name to be entered here would be provided to you and it will be displayed everywhere in the site.
  - Beneficiary : Your Company Name
  - Beneficiary account number : xxxxxxxxxxxxxx
  - Beneficiary Address : Your Address
  - Beneficiary Bank : Bank Name
  - Beneficiary Bank Address : Bank Address
  - Beneficiary Bank BIC SWIFT Code : xxxxxxxxx
  - Intermediary Bank : Bank Name
  - Intermediary Bank BIC SWIFT Code : xxxxxxx
  - FEDWIRE ABA No : xxxxxxx
  - CHIPS ABA No : xxxx
  - CHIPS UID No : xxxxxx
  - Favoring Beneficiary Bank : Bank Name
  - bank's account no. with Intermediary Bank : xxxxxxxxxxx
  - Additional Details : The funds should be transferred by remitting bank under MT103 format in USD.
- Maximum Request Amount Per Day ($) :* Set maximum withdraw request amount for this processor here.
- Fixed Add Fund Fees ($) :* You can specify the Fixed Amount of Fees that would be charged every time a member adds fund to his account using this processor. Set this to 0 (zero) if you do not want to charge them with fixed fees amount.
- Variable Add Fund Fees (%) :* Additionally, you can also charge the add funds with percentage amount. It is calculated based on Add Fund Amount. Set this to 0 (Zero) if you do not want to charge them with variable fees amount.

Click on Update to apply the Add Fund Settings.

Automated Masspay Settings
- Fixed Withdrawal Fees ($) :* You can specify the Fixed Amount of Fees that would be charged every time a member requests for a withdrawal using this processor. Set this to 0 (zero) if you do not want to charge them with fixed withdrawal fees amount.
- Variable Withdrawal Fees (%) :* Additionally, you can also charge the withdrawal requests with percentage amount. It is calculated based on Withdrawal Amount. Set this to 0 (zero) if you do not want to charge them with variable fees amount.

Click on Update to apply the Automated Masspay Settings.

Add Fund Settings

You can set the Add Fund Settings from here.
- Enable Add Fund Limit : Set Yes if you want to put limitations on the funds members can add to their accounts.
- Minimum Sum Of Add Fund ($) :* Specify the minimum amount that can be added in a member account at the time of add fund.
- Maximum Sum Of Add Fund ($) :* Specify the maximum amount that can be added in a member account at the time of add fund. Enter 0(zero) to disable the limit.
- Life Time Add Fund Limit ($) :* Specify the maximum amount that can be added in a member account. Set this to 0 (zero) if you do not want to put any restrictions on their investments.
- Customised Add Fund Limit :* Enter the limit amount and the number of days here. Days will be counted from the registration date. So, members can only add maximum x amount (specified here) within span of every y days (specified here). After registration set these to 0 (zero) if you do not want to put any restrictions on their investments

Withdrawal Settings

- Free Member Can Request a Withdrawal : Choose whether a free member i.e. a member who has neither paid membership fees nor purchased any position/share or purchased advertisement packages or anything else can request for a withdrawal or not.
- Minimum Sum Of Withdrawal ($) :* Minimum sum of amount a member must withdraw at the time of withdrawal.
- Maximum Sum Of Withdrawal ($) :* Maximum sum of amount a member can withdraw at the time of withdrawal.
- Maximum Requests Allowed Per Day :* Limit the number of withdrawal requests a member can make per day.
- Maximum Request Amount Allowed Per Day ($) :* Limit the amount of withdrawal requests a member can make per day.
- Maximum Request Amount Allowed Per Week ($) :* Limit the amount of withdrawal requests a member can make per week.
- Balance : Choose the Balance(s) which a member can withdraw.
- Withdrawal Days : Select the days on which members can make withdrawal requests.

@@ Line 3: / Line 3: @@
     <div class="docslink">
     <ul>
-	   <li>[[Finance Settings#Payment_Processors|Payment Processors]]</li>
+	   <li>[[Finance Settings#Payment_Processor|Payment Processors]]</li>
 	   <li>[[Finance Settings#Add_Fund_Settings|Add Fund Settings]]</li>
 	   <li>[[Finance Settings#Withdrawal_Settings|Withdrawal Settings]]</li>