Fees

The gas to your transactional vehicles, regardless of model.

Standard Card Processing Fees

• Domestic: 2.9% + $0.30 per transaction.

• International: 3.9% + $0.30 per transaction (customers outside the U.S.).

VAT Fees

Skolarships handles VAT/sales tax compliance for you. You don’t need to register for VAT or take any action. All VAT/sales tax liability is on Skolarships, not you. Payouts from Skolarships to you are VAT/sales tax exempt because Skolarships is a US company. When a customer is in the EU, Skolarships will automatically add VAT to the purchase price, capture it, and remit it to the government.

Invoice Fees

1. 0.5% for managing payment cycles and handling invoicing, charged on all payments including one-time payments.

Withdrawal Fees

• 0.25% per withdrawal. An additional 1% for cross-border pay-outs if you are outside the U.S.

Transaction Fees

• 5% of all transactions made on the Skolarships platform will be injected into the company treasury as an additional revenue stream to continue building out the platform, perform market buy backs, and sustain overheard costs.

Minting Fees

• When a creator batch mints NFT scholarships for their community, Skolarships takes a 0.01~ (MAIN CHAIN TOKEN) reflexive fee on the collection.