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For the formula on how to calculate the fees, kindly see the working breakdown below, which assumes an exchange rate of SGD to USD is 1SGD = 0.73USD.

For settlement in SGD

Gross Amount Captured   = 100.00 SGD

Fees (MDR+ Refund fee)  = MDR (100*2.85%) +  (0.40 USD)

                                          = 2.85 SGD + 0.40 USD

                                          = 2.85 SGD + 0.55 SGD

                                          = 3.4 SGD

Net Amount = 100.00 - 3.4 = 96.6 SGD

For settlement in non-SGD

Gross Amount Captured = 100.00 USD

Fees (MDR+ Refund fee) = MDR (100*3.3%) +  (0.40 USD)

                                         = 3.30 + 0.4

                                         = $3.7

Nett Amount = 100.00 - 3.7 = 96.3 USD

Hope this explain

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