MDR fees, or advance fees, are calculated on each invoice based on:
- The advanced rate
- The terms length rate (MDR fee)
You can find your MDR fees under Settings > Billing.
To calculate the MDR fee for an invoice:
First, take the total invoice amount and multiply it by the advance rate.
You issue an invoice for $10,000 at 90%
$10,000 * 0.9 = $9,000
The gross advance amount is $9,000
Next, multiply the MDR fee by the advance amount.
The MDR fee is 3%
$9,000 * 0.03 = $270
The fee amount that is due to Resolve is $270
If we go one step further, you can calculate the net advance amount by subtracting the MDR fee from the gross advance amount.
$9,000 - $270 = $8,730
The net amount advanced to you is $8,730
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