bePay Support EN
  • 🏅Support Center
  • Register / Login to use
    • Instructions on how to perform identity verification
  • 🔐GETTING STARTED
    • How to access bePAY NFT Marketplace?
    • How to create an account and connect your wallet on bePAY NFT Marketplace?
    • How to edit my profile on bePAY NFT Marketplace?
    • bePAY Platform Fee
    • How to check collection, owned NFT, transaction history?
  • 📑BEPAY NFT MARKETPLACE
    • What is the TRUPPA formula?
    • How to create your NFT on bePAY NFT Marketplace?
    • How to search for NFT on bePAY NFT Marketplace?
    • How to buy NFT on bePAY NFT Marketplace?
    • How to sell NFT on bePAY NFT Marketplace?
    • How to pay the next installments?
    • How to find NFT contract address?
    • What is the NFT transaction fee on bePAY?
  • 🗄️BELENDING
    • How to access bePAY's beLending?
    • How to connect wallet on beLending?
    • How to deposit to bePAY's beLending?
    • How to withdraw money from bePAY's beLending?
    • How to re-check my assets on beLending?
  • 🚧Safety, Security, and Policies
    • Is it secured to connect my wallet to bePAY??
    • Terms and conditions to join bePAY
    • What is bePAY's privacy policy?
    • What makes bePAY different from other NFT markets?
  • 👮Troubleshooting
    • Why can't I connect my wallet to bePAY NFT Marketplace?
    • Why can't I sign up for Buy Now Pay Later?
Powered by GitBook
On this page
  1. GETTING STARTED

bePAY Platform Fee

When KOLs sell their owned items, bePAY only takes a 2.5 percent transaction fee (users pay in full); a 7.5 percent transaction fee will be charged when the buyer pays in 4 (BNPL).

The 2.5% charge will be refunded to the following pools if you pay in full:

  1. Insurance pool: 1%

  2. Staking pool: 1% is utilized to reimburse beCOIN staking participants.

  3. Buyback pool: 0.5% is used to buy and burn beCOIN in order to increase the demand and stabilize the supply/ demand.

The 7.5% fee will be retained in the Final Return Pool when users using the BNPL service:

  1. Lender Return Pool: 40% of the commission fee

  2. Other pools: 60% commission allocated to 3 pools as below:

  • Insurance Pool: 48% of the commission is used to control BECOIN inflation as well as to serve short or miss payment events; BECOIN supply and demand balance; and healthy system maintenance.

  • Staking pool: 6% of commission fee

  • Buy back pool: 6% of commission fee

Royalty fees can also be determined by KOLs: 1.99% (up to 50%) on each transaction (every time the owner buys and resells the product)

When KOLs collaborate with bePAY (Co-Create), the following results are obtained: bePAY helps with consultation, photography, video recording, product creation, and sales. KOLs earn 40% of the transaction value in addition to paying direct fees, paying BNPL fees, and receiving Royalty payment.

PreviousHow to edit my profile on bePAY NFT Marketplace?NextHow to check collection, owned NFT, transaction history?

Last updated 3 years ago

🔐