| title |
|---|
Rate Tiers |
Discounts are applied on USD-NGN offramp transaction rates based on the transaction amount. These discounts aim to provide better rates for customers transacting higher volumes.
Here are the rate tiers and applied discounts:
| Amount | Discount |
|---|---|
| $51 - $200.99 | 0.2% |
| $201 - $1,000.99 | 0.35% |
| $1,001 - $5,000.99 | 0.55% |
| $5,001 - $15,000.99 | 0.7% |
| $15,001+ | 1% |
These discounts are applied automatically. However, you can calculate the exact discounted rate from the base rate as follows:
```javascript Node function getDiscountedRate(transactionAmount, baseRate) { let discount = 0; const rateTiers = [ { min: 15001, rate: 1 }, { min: 5001, rate: 0.7 }, { min: 1001, rate: 0.55 }, { min: 201, rate: 0.35 }, { min: 51, rate: 0.2 }, { min: 0, rate: 0.0 } ]; const sortedThresholds = rateTiers.sort((a, b) => b.min - a.min); for (const threshold of sortedThresholds) { if (transactionAmount >= threshold.min) { discount = threshold.rate; break; } } const discountedRate = baseRate * (1 + discount / 100); return Number(discountedRate.toFixed(2)); }</CodeGroup>