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Recently there has been a lot of excitement generated by the possibility of realizing and detecting Majorana fermions within the arena of condensed matter physics and its potential implication for topological quantum computing. In the pursuit of identifying and understanding the signatures of Majorana fermions in realistic systems, we go beyond the low-energy effective-model descriptions of Majorana bound states to derive non-equilibrium transport properties of a topological superconducting wire in the presence of arbitrarily large applied voltages. By virtue of a microscopic calculation we are able to model the tunnel coupling between the superconducting wire and the metallic leads realistically, study the role of high-energy non-topological excitations, predict how the behavior compares for an increasing number of odd versus even number of sites, and study the evolution across the topological quantum phase transition. We consider the Kitaev model as well as its specific realization in terms of a semicon...