FEES (explained)

in #steem8 years ago



With 192 fulfilled orders and $27,480.43 in captured sales, we have gotten plenty of feedback. Some of it overwhelmingly objective and some subjective. One of the most prolific topic has been fees. While we are in the process of updating the website to reflect this information, I'd like to address it here as the Steemit community is mainly who we serve. Steem.Cards has a flat 3% fee on all transactions whether it's a $25 transaction or a $500 one. The 3% serves to offset any incidental price variance between the exchange calculation and the captured payment. We have received about 60% of our payments in steem/sbd and the rest in litecoin and bitcoin. People have ordered gift cards in Euros, British Pound, and USD which adds an extra layer to our calculations. Our STEEM & SBD calculations are based on steem/sbd > usd > btc with a 15 minute delay average from various exchanges. When choosing to pay with steem/sbd, based on the current market rate during your purchase, you can hit refresh on your confirmation page and the price will update. I truly hope that this helps. A sincere thanks to all of the steemians that are supportive and helping sustain this project.

For kicks and giggles (hater mail)....

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3 percent is nothing when off ramping cryptos to fiat!

I used to pay 10% at Bitcoin ATMs. I'm happy to pay just 3%.

Hater mail!!! 🤣🤣🤣🤣

Yeah, like those BTC transaction fees are any better. LOL

@ponggod these fees are killer

Congrats on the great sales right out of the gate!

Lol. People moving from one 'up or down 20% each day' to another 'up or down 20% each day' currency; complaining about a 3% charge to do so.

TELL ME ABOUT IT

Gracias por el apoyo y por aportarnos información amigo, saludos :D

I'm crowdfunding a drone, and I'll be using your service to buy amazon giftcards. Thank you for creating it, much easier than changing to Bitcoin then buying from Gyft.

Thank you for the appreciation and feedback

I really think the price is more than fair! I already bought one worth 100$ and might get more. I also wrote a post about it, to show it to the german community! Keep it up!

I was pleasantly surprised by all of the .de emails I was seeing. I owe you a Hi-5

Hi bro....i like your post.i up vote you and you up vote me....@sarowar

What an excellent service, thanks so much for providing it!
Do you have to enter your address still? Aren't they delivered via e-mail?

3% and to be using steem/sbd. Way better than bitcoin and without the long wait.