How pricing works
Ratefy does not use one fee for every product. Your final amount depends on the Service, currency, payment method, and selected offer. We show the applicable price, rate, fee, and total before you confirm.
Wallets and conversions
Charges depend on the wallet action and currency.
Incoming Naira bank transfer
Banking partner fee, capped at ₦200
0.5%
Naira bank withdrawal
A ₦50 stamp duty also applies to qualifying transfers
₦20
Internal Ratefy wallet transfer
Where supported
Free
Naira to USD conversion
Minimum fee of ₦500
1%
USD to Naira conversion
Minimum fee of $1
1%
USD bank withdrawal
Minimum fee of $1
1%
Marketplace and OTC
Marketplace has a platform commission. OTC pricing varies by deal.
Marketplace
Minimum ₦500, charged to the offer owner
2%
OTC Deals
The applicable rate is shown on each deal
Displayed rate
Coin to Cash
Convert supported Digital Assets using the rate shown before confirmation.
Conversion
The displayed conversion rate applies
No separate fee
Payout to Ratefy wallet
Where available
Free
Payout to bank
A ₦50 stamp duty also applies to qualifying transfers
₦20
Procure
The order total depends on the item, currency, and delivery requirements.
Service fee
Minimum ₦1,000, based on the Naira subtotal
2%
Other order costs
Products, shipping, taxes, duties, and postage where applicable
Varies
Topup
Pricing depends on the selected digital product and quantity.
Service fee
No separate Ratefy service fee
Free
Product price
The total is shown before payment
Varies
Verification and accounts
One-time charges apply only when you request these services.
Pro verification
One-time fee shown in Naira before payment
$4 equivalent
Supported foreign-currency account
One-time setup fee per account
$2 equivalent
Prices and rates may change before confirmation. Third-party, network, tax, duty, or return charges may also apply where disclosed. The amount shown on the confirmation screen is the amount that applies to that transaction.