Fees
For payments-core accounts, MagFi can apply platform fees on trade and withdraw operations. You do not calculate or deduct them yourself when fees are configured. The platform applies the contracted rules transparently.
info
Exact rates, which operations are fee-bearing, and settlement details are defined in your MagFi contract. Contact MagFi for your organization's fee schedule. The notes below are conceptual only.
Where Fees Apply
Depending on your contract, fees may apply to:
- Trades: orders via
POST /trade/order - Withdrawals: fiat disbursements and/or asset disbursements
Deposit rails (ACH contribution, crypto contribution) may or may not carry a platform fee depending on configuration.
Integrator Expectations
- Send the customer-facing amount on the trade or withdraw request as usual (
quantityUnitCount/unitCount) - Let the platform apply configured fees
- Reconcile post-operation balances with
account-fiat-total/account-asset-total
Do not hardcode fee math in your client against undocumented defaults. Ask MagFi for the rates that apply to your org.
Next Steps
- Conversions: Place trade orders
- Withdrawals: Send funds out