Fees
Every Ratefy fee, by product.
Last updated October 8, 2026
How pricing works
- No single fee for every product
- Depends on service, currency, payment method and offer
- Price, rate, fee and total shown before you confirm
Wallets and conversions
Depends on the action and currency.
Incoming Naira bank transfer
Banking partner fee, capped at ₦200
0.5%
Naira bank withdrawal
Plus ₦50 stamp duty on 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 commission. OTC varies by deal.
Marketplace
Minimum ₦500, charged to the offer owner
2%
OTC Deals
Shown on each deal
Displayed rate
Coin to Cash
Digital Assets at the rate shown before you confirm.
Conversion
The displayed conversion rate applies
No separate fee
Payout to Ratefy wallet
Where available
Free
Payout to bank
Plus ₦50 stamp duty on qualifying transfers
₦20
Procure
Total depends on item, currency and delivery.
Service fee
Minimum ₦1,000, based on the Naira subtotal
2%
Other order costs
Products, shipping, taxes, duties and postage where applicable
Varies
Topup
Depends on the 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, only if you request them.
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 you confirm. Third party, network, tax, duty or return charges may also apply where disclosed. The confirmation screen shows the amount that applies.