What are the Bitoff and Network Transaction fees?

Bitoff Fee

Bitoff fees depend on the Shopper's discount percentage.

For both shoppers and earners require payment of Bitoff fees.

At Bitoff, we prioritize helping you save while keeping our fees minimal and straightforward. Our fees are typically low and based on the discount you choose. On average, the fee for shoppers is around 3% to 4%, ensuring you benefit from significant savings with only a small contribution towards maintaining our high-quality services. For higher discount percentages, the fee for shoppers increases slightly, but it always remains a small fraction of your overall savings.

For earners, the average fee also remains competitive, typically ranging between 2% to 3%, depending on the discount applied. At lower discount percentages, earners may experience a slight increase in fees, but it still ensures a fair balance.

By keeping fees minimal, Bitoff ensures that you always get the most value, allowing both shoppers and earners to benefit without worrying about high costs.

Taxes and Fees:

Delivery areas may be subject to import taxes, customs duties, and fees depending on the city/country. Bitoff and Amazon or eBay and other stores do not have control over these charges.

You can easily find the applicable "Tax" based on your country/city on the checkout page, just like the example shown in the image below. Additionally, if your order incurs any extra tax or shipping fees, you can conveniently manage them through the "Extra Tax & Shipping" section.

Network Transaction Fees

Blockchain network fees are required for Bitcoin transactions. BitOff allows you to choose between Regular or Priority Fees. If you want to receive or send bitcoins faster, choose PRIORITY, but if speed of transfer is not a concern, choose Regular. This depends on how busy the blockchain network is when the transfer is completed and it may take some time for the transaction to be confirmed. In Bitcoin, the network fee must be paid for both depositing and withdrawing. For Tether, however, the transaction fee is only 2 USDT.

Updated on: 14/09/2024