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Reply To: Percentage fee is no longer possible?



This may be a valid point, but I’m not sure.

To be clear, when a user sends an amount to their deposit address, say 100 coins, CoinPayments retains 0.5% (A fee of 1% applies for tokens.). So the user would receive in this case 99.5 coins in their balance.

The plugin’s ledger would show an incoming deposit of 99.5 and a fee of 0.5 (the fee is paid to CoinPayments, not the WordPress site).

When the user later decides to withdraw the 99.5 coins, they will have to pay a withdrawal fee, which will cover the mining expenses. This fee is not proportional to the amount transacted, so there is no need for it to be a percentage.

With the change to wallets 6.0.0, I have moved the fee settings from the adapter’s settings to the currency settings. The proportional fee was confusing to many users so I didn’t think it was necessary to re-implement it.

Why do you think it’s necessary for the withdrawal fee to be proportional to the amount transacted? I don’t see how the site can lose funds. The “withdrawal fee” should cover the mining fee, which is unrelated to the amount transacted.

Please let me know your reasoning, because implementing a proportional fee is doable, but it’s something that has confused users in the past, and it would require significant effort, so I’m trying to understand the use case.

Thank you

with regards