P2P transfers

A P2P is a transfer between two payment accounts in the same environment. P2P transactions are subject to Lemonway KYC rules as well as to the limits (in number and amount of transactions) applied depending on the status of both the issuing payment account and the beneficiary payment account.

P2P transactions can for example correspond to:

  • Transfer from an investor payment account onto the project payment account, in the case of a crowdfunding platform
  • Transfer from a client payment account onto the payment account of the merchant, in the case of a marketplace
  • Automatic transfer of Lemonway commissions from your merchant payment account (SC) onto Lemonway payment account (LW)
  • Automatic perception of your commissions on the transactions of your clients

P2P transfers

👉   Initiate a P2P transfer

👉   Preview P2P transfers performed in the dashboard

👉   Read and understand fees

👉   View commissions and fees in the dashboard

 

Initiate a P2P transfer

  1. From the Dashboard, click Operations. A menu unfolds.
  2. Click All.
  3. Click Send payment between accounts in the taskbar.
  4. Fill in the account IDs of the sender and receiver, and the amount to transfer, then enter your password for confirmation.
  5. Click Send.

 

Preview P2P transfers performed in the dashboard

  1. From the Dashboard, click Operations. A menu unfolds.
  2. Click P2P.

From there, you have 3 options:

  1. Click the Export icon to generate an export of the information
  2. Click the Column Choose icon to add new columns and view more information
  3. Click Create Filter to design specific filters

 

Read and understand fees

There are two types of fees

  • The fees you charge your customers
  • The fees charged by Lemonway

💡 Lemonway automatically deducts fees from your merchant payment account ("SC" ID). You can also request automatic fee payments each time input of funds or outgoing bank transfer is initiated.

Automatic fees are paid in this order (generally, as fee amounts can be to 0):

  • For a CUSTOMER payment account credit:
  1. The CUSTOMER payment account is credited with the amount requested.
  2. Payment of your fee (from the CUSTOMER payment account to the SC Merchant Account), in the amount automatically requested during the payment call (only for bank card credits and not bank transfer credits).
  3. Payment of the Lemonway fee (from the SC Merchant Account to the Lemonway Merchant account) specified in the contract
  • For a debit from the CUSTOMER's payment account to a bank account:
  1. Payment of your fee (from the CUSTOMER payment account to the SC Merchant Account), in the amount automatically requested during the payment call.
  2. Payment of our fee (from the SC Merchant Account to the Lemonway Merchant account) specified in the contract
  3. Debit from the CUSTOMER payment account of the amount requested, less the automatic fee 

Note

Transactions may fail if your SC Merchant Account does not have sufficient funds to pay the fees charged by Lemonway. If the error code 110 is returned (insufficient funds), you will need to:

  • Either pre-credit the SC Merchant Account (by wire transfer). You can run a test to simulate an incoming transfer to your SC Merchant Account by going to your merchant on the dashboard and simulating an incoming transfer.

or

  • Make sure that the fees you charge automatically cover the fees charged by Lemonway

💡 Once we have confirmed that the transaction is carried out, we will then be able to refund the transaction on your instructions.

 

View commissions and fees in the dashboard

  1. From the Dashboard, click Operations. A menu unfolds.
  2. Click All.
  3. Filter by Category and select Lemonway's commission and Lemonway's fee.

💡 Lemonway fees are taken from transactions in real-time, via P2P transfer from your SC Merchant account to the Lemonway payment account Lemonway fees are not real-time invoicing (chargebacks or setup fees).

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