Patent ID: 8831986
Filing Date: 2014-09-09
Classification: G06Q

Abstract:
1. A method of calculating a fee for an online financial transaction, the method comprising: receiving a fee calculation request linked to an online financial transaction associated with a fee type, a country code, and a client identifier; determining, using a hardware processor, whether an overriding base fee applies based on the client identifier; selecting, using the hardware processor, the overriding base fee as an initial base fee upon determining that the overriding base fee lies wherein the overriding base fee is determined by looking up a database with the client identifier, and wherein the initial base fee comprises a sum of a transaction percentage component and a fixed amount component; selecting, using the hardware processor, a default base fee as the initial base fee upon determining that the overriding base fee does not apply, wherein the default base fee is determined by looking up the database with the fee type and the country code; and applying, using the hardware processor, at least one adjustment to the initial base fee to calculate a final fee, the at least one adjustment being applied when an associated condition set is determined to be true.