What are the Bitoff and Network Transaction fees?
Bitoff fees depend on the Shopper's discount percentage.
For both shoppers and earners require payment of Bitoff fees.
Below is chart showing how Shopper fees are calculated:
According to the percentage of the shopper's discount, Bitoff fee is divided between the shopper and the earner.
Below is chart showing how Earner fees are calculated:
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 1 USDT.
In this case, the network fee isn't for Bitoff, it's for the blockchain network.
Updated on: 23/11/2023