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Per Occurrence Fees for Merchants
This entry specifically provides a listing of our per occurrence fees which can be seen at https://www.actumprocessing.com/fees. However, please contact your designated Business Relationship Manager at (512) 402-0082 for clarification with any of our fees.
By the same token, these fees may appear on reports when logging into https://merchant.actumprocessing.com. Refer to the Multi-Factor Authentication (MFA): How to Use via Actum Portal article for further login instructions.
Per Occurrence Fees for Merchants
| Fee Amount | Name | Description |
| $35.00 | Account Maintenance | In this case, this is a fee that is generally, for the most part, assessed including, but not limited to, settlement bank account, company address, entity name, financial contact, authorized signer, changing descriptors, limits, fees, SEC codes) or per assignment of the Agreement to another party. |
| $35.00 | Payment Delivery Fee | In a word, this is a fee charged particularly when a merchant is sending payments. In this case, these are payments that are specifically sent by Domestic/ International wire. |
| $35.00 | Dishonor Return Fee | Altogether, this is a fee generally assessed for a merchant’s request, explicitly with any particular dishonor returns. |
| $35.00 | Manual Entry Fee | All in all, this is a fee that considers a merchant’s request, particularly with manually entering/ adjusting a file. |
| $35.00 | Reversal | By and large, this is a fee that is assessed, in essence, for a specific merchant request, by and large. Consequently, this is a fee that considers, above all else, the return of an incorrect entry before it settles. |
| $25.00 | Written Statement Under Penalty of Perjury (WSUPP) | Specifically, this is a fee that accounts for a merchant request with a copy of the written statement that is undoubtedly obtained by the RDFI from, in this case, the Receiver. |
| $25.00 | Proof of Authorization (POA) Request | Generally speaking, a POA may be requested by an ODFI, in this situation. Correspondingly, this is required to show the copy of the authorization that the Originator obtained. Indeed, this is a request that comes from the Receiver. |
| $50.00 | Risk Analysis | Markedly, this is a fee assessed for analyzing a Merchant’s return risk or, comparatively, their risk procedures. |
| $50.00 | Return Fee | In particular, this is a fee assessed especially for a returned item. On the whole, this item previously originated to the merchant’s bank account. |
| $500.00 | Termination Fee | In this case, this is a fee assessed particularly with terminating a merchant with cause. |
| $250.00 | Early Termination Fee | Similarly, this is a fee is assessed when a merchant is terminating their account prior to the terms that are, in fact, set in the merchant agreement. |
| $250.00 | POA Failure | Moreover, this is a fee that basically occurs when a merchant, on the whole, is failing to produce a compliant POA. Most important, this is a failure that especially considers the time that is set forth accordingly in the NACHA Rules. |
| $500.00 | Limit Exposure Violation | In short, this is a fee that occurs when a merchant markedly splits up a debit to a Receiver. Moreover, this is a fee that considers a merchant who, in effect, is certainly bypassing their dollar limit exposure setting. For this reason, this is a fee that applies, especially when a merchant is, in fact, circumventing any debit entries. |
| $12.50 | Inbound Wire Fee | In this case, this is a banking cost-recovery fee that is correspondingly assessed to the merchant whenever they receive a wire transfer. |
| $25.50 | Reverse Wire | Overall, this is a fee that is assessed for an API-enabled reverse wire request that comes explicitly from the merchant. In essence, this is a request that was previously initiated by the merchant in the Actum Client Portal. Moreover, this fee will include the Inbound Wire Fee. |
| $35.00 | Normal Wire | Markedly, this is a fee that is assessed for a wire that is initiated by the merchant outside of the Actum Client Portal. As a result, this can include a wire that is initiated in the API. Subsequently, this fee includes the previously mentioned Inbound Wire Fee. |
| $22.50 | Inbound ACH Credit Fee | A manual handling fee assessed per received wire transfer request initiated outside the Actum Client Portal or API. |
| $90.00 (Canadian Dollars; CAD) | Bank Descriptor Change | A fee assessed to change the bank descriptor for Canada-specific merchant accounts. |
| $10.00 | Annual 1099K Processing Fee | A fee assessed following the completion of a calendar year for the previous year’s tax reporting. |
| $35.00 | Manual Revoke or Refund Fee | A fee assessed for manually revoking transactions or refunding transactions. |
| $50.00 | Transaction Override Fee | A fee assessed for manually pushing through transactions that have exceeded transaction limits. |
| $100.00 | Custom Report Fee | A fee assessed for creating a custom report. |
| $100.00 | Batch File Correction Fee | A fee assessed for removing duplicate batch files, deleting incorrect batch files and/or making corrections to batch files. |
| $100.00 | Sub Account Setup Fee | A fee assessed for creating additional sub accounts under the same EIN (Employer Identification Number). |
| $150.00 per hour | Custom Development Fee | A fee assessed for doing custom development projects. |
| $50.00 | Reserve Release Fee | A fee assessed when releasing a reserve. |
| $0.25 | Payout/Settlement Fee | A fee assessed for the ACH credit or debit to a Client account for Payouts, Returns and Credits. |