What is the Payment Handling Fee?
xChange Payment Handling is available for all your xChange transactions, it is a guarantee for all credits which you may receive.
In leasing deals the Payment Handling Fee refers to our service fee of 3.85% which is applied for all credits earned in the xChange requests.
In trading deals the Payment Handling Fee is an additional service that can be selected in the deal, it is a 1.95% service fee, that is borne by the buyer, always. This provides a 7 day protection to inspect/accept the containers purchased. As we only transfer funds to the seller 7 days after the release of the units.
- Storage Charges
- Cancellation Fees
- Refunds (amounts previous charged being given back)
- Tokens (xChange bonus given out of goodwill to our customers)
- + while requesting xChange to process any charges from outside inside xChange
The reason for this service fee is that we credit funds to the wallet on a daily basis, even before/without recovering the payment from the counterpart, taking over the effort of payment collection and risk of late/no payment by the counterpart.
If at the end of a given month your wallet balance closes with a positive amount, the positive balance can be paid out to your bank account as explained in this article.