Understanding Liaqa Payments and Payout Fees

About Liaqa Payments

Liaqa Payments is the first payment solution tailored specifically for coaches in the MENA region. It enables fitness professionals to effortlessly accept global payments, allowing clients worldwide to pay for services in their own local currency. Whether you’re in Kuwait with a client in the UK facing payment method compatibility issues, Liaqa Payments offers a seamless solution that bridges these gaps, ensuring smooth transactions irrespective of geographical boundaries.

About Liaqa Payouts

Similarly innovative, Liaqa Payouts provides a unique solution for coaches and gyms in the MENA Region to receive payments directly into their bank accounts in their local currency. This system addresses common problems, such as currency mismatches during transactions. With the support of wise.com, Liaqa Payout ensures secure and hassle-free transfers, allowing coaches to focus on expanding their business globally without worrying about financial logistics.

Fees for Using Liaqa Payments and Payouts

• Transaction Fee: For every payment made via Liaqa Payments, the transaction fee is a flat rate of 7.5%. This fee covers credit card transaction fees, any necessary currency conversion, the transfer of funds to the coach or gym’s bank account in their local currency, and a margin to support Liaqa’s operational costs.

Steps from Client Payment to Coach or Gym Receiving Their Money

1. Credit Card Processing: The initial step involves processing the client’s payment through their credit card.
2. Currency Conversion: If necessary, the funds are converted to Liaqa’s operating currency to streamline the process.
3. Transferring Funds: Finally, the money is sent to the coach or gym’s bank account in their local currency, ensuring they receive their earnings without additional charges.

This streamlined process minimizes fees for coaches and gyms while allowing Liaqa to cover operational costs modestly.

Important Notes

• No Volume Discount: Liaqa Payments and Payouts do not offer volume discounts. For those requiring more competitive rates and additional features, the Custom Branded Premium Add-on service with a white label app allows integration of your own payment gateway API.
• Third-Party Account Needed: To utilize Liaqa payments and payouts requires an active account with wise.com. Ensure you have registered and verified your account on wise.com to integrate with Liaqa’s financial transactions seamlessly. Learn more about Wise here.
• Compliance with Terms: It is crucial to read and understand the terms associated with Liaqa Payments and Payouts to ensure compliance when using the platform.

For any further questions or clarification, please contact our support team.

This detailed explanation helps you navigate the financial aspects of using Liaqa Payments and Payouts, ensuring you can manage your business finances efficiently and effectively.