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Who pays the fee in SafeTrade Transactions?
The party initiating SafeTrade pays the fee.
Buyer Initiate - Buyer Pay
However, fee can be part of the negotiations between the two parties.
For example, if the buyer initiates and price is RM100, SafeTrade fee is RM2.00, the buyer pays Lelong RM 102. Lelong pays seller RM 100 and retain the RM2. If the seller initiates, the buyer will pay Lelong RM 100 and Lelong will retain RM2 and pays seller RM98.
Calculating your SafeTrade Fee
Our fee is based on the transaction price on a fixed percentage. (Last Updated Mar 14 2005)
| Sale Price |
Fee (Fee Calculator) |
| 0 - RM2500 |
RM2 or 2% of purchase price, whichever higher |
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Assuming the transaction value is RM 800, the SafeTrade fee payable is :
RM 800 - fee is RM 16 (2% of purchase price)
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- Additional Charges to Buyer if pay with the following payment method :
1. Maybank2u.com - 3% (Imposed by bank)
- No Additional Charges If Buyer pay via Bank-In Cash Directly to our Bank Account, interbank or other online transfer.
Receiving Payment (for seller's reference)
Payment to seller will incur the following cost :
a. Bank / Online Transfer - Interbank Charges RM2.00
b. iAccount - Free
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