Yes, RecruitiFi applies certain fees to agency payouts when a hire is made. These fees vary based on factors such as the country of hire and whether RecruitiFi introduced the agency to the employer.
Agencies can view applicable fees:
In the Est. Earnings section of a JobCast.
In the Fee Acknowledgement section on the candidate submission page.
Types of Fees
Processing Fee (6%)
Charged on every agency payout.
In some cases, the employer may cover part or all of this fee.
Example:
Placement Amount: $20,000
Processing Fee: $20,000 × 6% = $1,200
Final Payout: $20,000 - $1,200 = $18,800
Matchmaking Fee (14%)
Applied only when RecruitiFi introduces the agency to the employer.
Example:
Placement Amount: $20,000
Processing Fee: $1,200
Matchmaking Fee: $20,000 × 14% = $2,800
Final Payout: $20,000 - $1,200 - $2,800 = $16,000
Collection Fee (2.9% + $0.30 per transaction)
Applies if the employer requires a specific payment method that incurs additional processing costs.
Example:
Invoiced Amount (including taxes): $20,960
Collection Fee: $20,960 × 2.9% + $0.30 = $608.14
Final Payout: $20,000 - $1,200 - $608.14 = $18,191.86
Withholding Tax (Varies by Country & Employer)
Some countries (e.g., India) require taxes to be deducted at the source (TDS) before payouts.
Example:
Placement Amount: $20,000
Processing Fee: $1,200
Withholding Tax (10% TDS): $20,000 × 10% = $2,000
Final Payout: $20,000 - $1,200 - $2,000 = $16,800
These fees ensure compliance, seamless payment processing, and platform sustainability while providing agencies with efficient access to employers.