Ratefy is committed to transparent pricing. Below is a breakdown of all fees applicable when using our platform services.
Fee Schedule
| Fee Type | Rate | Note |
|---|---|---|
| Transfer In | 0.5% | Capped at ₦200 |
| Transfer Out | ₦20 | Flat fee |
| VAT | 7.5% | Of ₦20 fee |
| Internal Transfer | Free | No charge |
| Transaction Commission | 2% | Per transaction |
Transfer In
Fee charged by our banking partner for every transfer in to your wallet on Ratefy.
Transfer Out
Fee charged by our banking partner for every transfer out of your available wallet on Ratefy.
VAT
Collected by our banking partner on the ₦20 transfer-out fee.
Internal Transfer
All internal transfers between Ratefy wallets (available wallets to escrow wallets and vice versa).
Transaction Commission
Ratefy charges a commission on every completed digital offering transaction. The fee is deducted from the offer owner side.
Our fees are subject to change. Ratefy reserves the right to adjust its pricing at any time. Updated fees will always be displayed before you use any Service to which a fee applies.