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Any transaction charges from coinpayment

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Any transaction charges from coinpayment

dashed-slug.net Forums CoinPayments.net Coin Adapter extension support Any transaction charges from coinpayment

This topic contains 1 reply, has 2 voices, and was last updated by  alexg 1 year, 5 months ago.

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  • #2423

    UgoDimma
    Participant

    Hey

    I went to coinpayment prices, but could not understand it much better.
    In their prices, I will be charged 0.50% while recieving payments.
    If I use this plugin, will I also be charged 0.05%.
    Here are their prices/charges

    Coinpayment price/charges
    Get deposit address
    Get call back address

    In addition, if a user sends coin to another user using their username or email address, will I be charged?

    If also, a user send coin to other user on that same site using the wallet address of the reciever, will it be a charge also?

    I asked this, because I don’t know also in which transactions on the site do IPN calls are made.

    For more detail about coinpayment prices, you can take a look at it here

    #2428

    alexg
    Keymaster

    Hello,

    Answering your questions in order:

    I went to coinpayment prices, but could not understand it much better.
    In their prices, I will be charged 0.50% while recieving payments.
    If I use this plugin, will I also be charged 0.05%.

    Yes, when depositing using the CoinPayments adapter, a fee of 0.50% is charged. Deposits are done to callback addresses.

    In addition, if a user sends coin to another user using their username or email address, will I be charged?

    No, the only fees charged when transferring to another user are the proportional fees that you specify in the coin adapter settings. The setting is at Wallets -> CoinPayments -> Fees -> Move fee (proportional).

    If also, a user send coin to other user on that same site using the wallet address of the reciever, will it be a charge also?

    If you attempt to withdraw to a deposit address of a user on the same site, you will find that an internal transfer will be performed instead. So the same move fees will be applied as described above.

    I asked this, because I don’t know also in which transactions on the site do IPN calls are made.

    IPNs are the callback mechanism that the CoinPayments service sends to the plugin to notify that a deposit has occurred.

    Hope this answers your questions. Do let me know if you have any more questions.

    kind regards,
    Alex

    P.S. I have transferred your post to the CoinPayments support forum because it is not relevant to the WooCommerce extension.

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