XtraPay Fee Calculator

Quick Fee Calculator

Use this guide to calculate fees and determine the amount to request from customers.

Fee Structure

1.5% of transaction amount
₦100 flat fee per transaction

Formula

Calculate Fees

Fees = (Amount × 0.015) + 100
Amount You Receive = Amount - Fees

Calculate Amount to Request (to receive specific amount)

Amount to Request = (Desired Amount + 100) ÷ 0.985

Examples

Example 1: Customer pays ₦1,000

Transaction Amount: ₦1,000
1.5% Fee: ₦15
Flat Fee: ₦100
Total Fees: ₦115
Amount You Receive: ₦885

Example 2: Customer pays ₦5,000

Transaction Amount: ₦5,000
1.5% Fee: ₦75
Flat Fee: ₦100
Total Fees: ₦175
Amount You Receive: ₦4,825

Example 3: Customer pays ₦10,000

Transaction Amount: ₦10,000
1.5% Fee: ₦150
Flat Fee: ₦100
Total Fees: ₦250
Amount You Receive: ₦9,750

Example 4: Customer pays ₦50,000

Transaction Amount: ₦50,000
1.5% Fee: ₦750
Flat Fee: ₦100
Total Fees: ₦850
Amount You Receive: ₦49,150

Example 5: Customer pays ₦100,000

Transaction Amount: ₦100,000
1.5% Fee: ₦1,500
Flat Fee: ₦100
Total Fees: ₦1,600
Amount You Receive: ₦98,400

Reverse Calculation: How Much to Request

If you want to receive a specific amount, calculate backwards:

Example: Want to receive ₦5,000

Amount to Request = (₦5,000 + ₦100) ÷ 0.985
Amount to Request = ₦5,177.66

Verification:
Customer pays: ₦5,177.66
1.5% fee: ₦77.66
Flat fee: ₦100.00
Total fees: ₦177.66
You receive: ₦5,000.00 ✅

Example: Want to receive ₦10,000

Amount to Request = (₦10,000 + ₦100) ÷ 0.985
Amount to Request = ₦10,256.41

Verification:
Customer pays: ₦10,256.41
1.5% fee: ₦153.85
Flat fee: ₦100.00
Total fees: ₦253.85
You receive: ₦10,002.56 (≈ ₦10,000) ✅

Example: Want to receive ₦20,000

Amount to Request = (₦20,000 + ₦100) ÷ 0.985
Amount to Request = ₦20,406.09

Verification:
Customer pays: ₦20,406.09
1.5% fee: ₦306.09
Flat fee: ₦100.00
Total fees: ₦406.09
You receive: ₦20,000.00 ✅

Quick Reference Table

1.5% Fee	Flat Fee	Total Fees	You Receive
₦1,000	₦15	₦100	₦115	₦885
₦2,500	₦37.50	₦100	₦137.50	₦2,362.50
₦5,000	₦75	₦100	₦175	₦4,825
₦10,000	₦150	₦100	₦250	₦9,750
₦25,000	₦375	₦100	₦475	₦24,525
₦50,000	₦750	₦100	₦850	₦49,150
₦100,000	₦1,500	₦100	₦1,600	₦98,400

Reverse Calculation Table

Amount to Request	Customer Pays
₦1,000	₦1,116.75	₦1,116.75
₦5,000	₦5,177.66	₦5,177.66
₦10,000	₦10,256.41	₦10,256.41
₦20,000	₦20,406.09	₦20,406.09
₦50,000	₦50,761.42	₦50,761.42
₦100,000	₦101,522.84	₦101,522.84

Code Examples

PHP: Calculate Amount to Request

function calculateAmountToRequest($desiredAmount) {
    return ($desiredAmount + 100) / 0.985;
}

// Example: Want to receive ₦10,000
$amountToRequest = calculateAmountToRequest(10000);
echo "Request: ₦" . number_format($amountToRequest, 2);
// Output: Request: ₦10,256.41

JavaScript: Calculate Amount to Request

function calculateAmountToRequest(desiredAmount) {
    return (desiredAmount + 100) / 0.985;
}

// Example: Want to receive ₦10,000
const amountToRequest = calculateAmountToRequest(10000);
console.log(Request: ₦${amountToRequest.toFixed(2)});
// Output: Request: ₦10,256.41

PHP: Calculate Fees

function calculateFees($amount) {
    $percentageFee = $amount * 0.015;
    $flatFee = 100;
    $totalFees = $percentageFee + $flatFee;
    $amountReceived = $amount - $totalFees;
    
    return [
        'transaction_amount' => $amount,
        'percentage_fee' => $percentageFee,
        'flat_fee' => $flatFee,
        'total_fees' => $totalFees,
        'amount_received' => $amountReceived
    ];
}

// Example
$result = calculateFees(10000);
echo "Customer pays: ₦" . number_format($result['transaction_amount'], 2) . "\n";
echo "Fees: ₦" . number_format($result['total_fees'], 2) . "\n";
echo "You receive: ₦" . number_format($result['amount_received'], 2) . "\n";

Important Notes

Fees are automatic - No need to pay separately
Deducted on payment - Fees are deducted when customer pays
Plan accordingly - Account for fees when displaying amounts
Minimum amount - Ensure customer pays enough to cover fees
Round appropriately - Use 2 decimal places for Naira amounts

Support

For questions about fees or calculations, contact support at https://xtrapay.cash

Fee Calculator