Calculating Fees and Discounts

The platform fee is 5% of the transaction amount (paid by the seller upon completion). If the seller opts to pay that fee in $CRE8 to get the 25% discount, what is the effective fee rate?

We can derive it as follows:

• Base fee rate (f): 5% (or 0.05 in decimal).

• Discount (d): 25% (0.25 in decimal) if paying with $CRE8.

• Effective fee rate = f * (1 - d).

$$Effective Fee Rate=0.05×(1−0.25)=0.05×0.75=0.0375,$$

which is 3.75%.

So on a $1000 gig, instead of $50 fee, the seller would pay $37.50 in fees by using $CRE8. The SDK might automatically apply this if the user holds enough $CRE8, or the API might return both fee options.