Please refer to the detailed breakdown below for the methodology needed to compute the fees based on an assumed exchange rate of 1 SGD = 0.73 USD.

For SGD currency settlements

Captured Total: 100.00 Singapore Dollars (SGD)

The total cost is MDR (100*2.85%) + (0.40 USD) for refunds.

                                          + 0.40 USD = 2.85 SGD

                                          +2.85 SGD for 0.55% of an SGD

                                          = 3.4 SGD

The Deducted Subtotal Is: 96.6 SGD (10 minus 3.4)

Gross Amount Captured = 100.00 USD (non-SGD) for foreign currency settlement.

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

                                         = 3.30 + 0.4

                                         = $3.7

Sum Subtracted From Total = $96.3 (USD)

I hope this helps!

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