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.

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