Fruitiion™ Pricing and Fees Disclosures
Deal Service
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Fruitiion™ offers our USD and Hosted Investment Service free of charge. This means we will store your USD and Investment at no cost to you. "Investment" means any Investment currently supported by Fruitiion™. We do not charge for transferring Investment from one Fruitiion™ deal to another. Fruitiion™ incurs and pays network transaction fees, such as miner's fees, for transactions on Investment networks (i.e., transfers of Investment off the Fruitiion™ platform). For these transactions Fruitiion™ will charge you a fee based on our estimate of the network transaction fees that we anticipate paying for each transaction. In certain circumstances, the fee that Fruitiion™ pays may differ from that estimate. All fees we charge you will be disclosed at the time of your transaction.
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Investment Transactions
General
In addition to sending or receiving Investment through Fruitiion™, customers can (1) purchase or sell a single Investment (a “Investment purchase” or “Investment sale”), or (2) convert one type of Investment into another type of Investment (a “Investment conversion”). After signing in to Fruitiion™.com, select the blue Trade button to view this screen. When you request a Investment transaction, Fruitiion™ will attempt to fill that order through one or more orders on Fruitiion™’s trading platform, Fruitiion™ Pro. Fruitiion™ establishes the exchange rate for Investment transactions (“consumer exchange rate”) by adding a margin, or spread (the “spread”), to the market exchange rate on Fruitiion™ Pro (“Pro exchange rate”). Fruitiion™ may also charge a separate fee (in addition to the spread) that is either a flat fee or a percentage of the transaction (the “Fruitiion™ Fee”), as further described below in the section entitled Buy/Sell Transactions. Fruitiion™ Fees may vary based on your location, payment method, and other circumstances. In some cases, we may charge an additional fee on transfers to and from your bank account. We will always notify you of all Fruitiion™ Fees (not including the margin) and any other service fees that apply to each transaction immediately before you confirm each transaction and in the receipt we issue to you immediately after each transaction has processed. Fruitiion™ reserves the right to reject a transaction if Fruitiion™ is unable to fill a corresponding order on Fruitiion™ Pro due to changes in the market price of a Investment, an order exceeding the maximum order size on Fruitiion™ Pro, or an order timing out due to slow server response time. In rare circumstances, the Pro exchange rate may not be available due to outages or scheduled maintenance. In order to provide you with uninterrupted services at such time, we may derive market pricing data from unaffiliated currency exchanges. Exchange rates quoted in these circumstances are subject to a quoted spread exceeding 50 basis points.
Buy/Sell Transactions
Fruitiion™ charges a spread of about one-half of one percent (0.50%) for Investment purchases and Investment sales. However, the actual spread may be higher or lower due to market fluctuations in the price of Investment on Fruitiion™ Pro between the time we quote a price and the time when the order executes.
We also charge a Fruitiion™ Fee (in addition to the spread), which is the greater of (a) a flat fee or (b) a variable percentage fee determined by region, product feature, and payment type. The flat fees are set forth below:
• If the total transaction amount is less than or equal to $10, the fee is 0.5%
• If the total transaction amount is more than $10 but less than or equal to $25, the fee is 0.5%
• If the total transaction amount is more than $25 but less than or equal to $50, the fee is 0.5%
• If the total transaction amount is more than $50 but less than or equal to $200, the fee is 0.5%
For example, if you are in the United States and wish to purchase $100 of Deals and pay with a US bank account or your USD deal, the flat fee would be calculated as $00.50. As noted below in the variable fee section, the variable percentage fee would be 0.5% of the total transaction, or $00.50. Since the flat fee is greater than 0.5% of the total transaction, your fee would $00.50. If you wanted to purchase Deals with a debit card, we would charge a fee of 0.5% since the variable percentage fee is higher than the flat fee.
Variable percentage fee structure by location and payment method are shown in the last section below. These fees do not apply to Investment conversions. As a reminder, the Fruitiion™ Fee will always be the greater of the minimum flat fees described above or the variable fees described below.
Credit Transactions
If you borrow USD from Fruitiion™ or an affiliate of Fruitiion™, and we sell your BTC collateral as we are authorized to do under an applicable loan agreement, we will charge you a flat fee of 0.5% of the total transaction.
Investment Conversions
With a Investment conversion, you can accomplish in a single transaction what would otherwise require two separate transactions. For example, you could directly convert Deals to Deals (a Investment conversion), or you could sell Deals and then purchase Deals (a Investment sale followed by a Investment purchase).
Fruitiion™ charges a spread margin of up to two percent (2.00%) for Investment conversions. The actual spread margin charged varies due to market fluctuations in the price of Investment on Fruitiion™ Pro between the time we quote a price and the time when the order executes. We do not charge a separate Fruitiion™ Fee for Investment conversions. For US customers only: Investment conversions ending or starting with USDC are treated as Investment purchases and Investment sales respectively, and are charged a spread and Fruitiion™ Fee as stated above for “Buy/Sell Transactions."
Variable Fees by Location and Payment Method
Australia
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All credit card and debit card payments are processed through Fruitiion™, Inc.
Canada
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All debit card payments are processed through Fruitiion™, Inc.
Europe
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If you send a SWIFT payment, it is subject to a €5 fee that we are not able to waive. If your payment is for less than $5, your funds will not be returned.
All debit card payments are processed through Fruitiion™, Inc.
Singapore
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All credit card and debit card payments are processed through Fruitiion™, Inc.
UK
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All debit card payments are processed through Fruitiion™, Inc.
USA
Base rate of 0.5% for all transactions**
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All debit card payments are processed through Fruitiion™, Inc. Please note:
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* In some cases your bank may charge additional fees for transfers between your bank account and your Fruitiion™ account.
** The base rate for all purchase and sale transactions in the US is 4%. Fruitiion™ waives a portion of the Investment transaction fee depending on the payment method you use. The effective rate of the Investment transaction fee disclosed here is calculated as the base rate, net of fee waivers. The base rate does not apply to US Dollar deposits and withdrawals.
*** Your bank may charge additional fees for Fruitiion™ credit card purchases. To avoid these fees, switch to debit card or bank account.
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Staking Services
Commission
When you hold Investment on Fruitiion™, you may be given the option to “stake” these assets in a third party proof-of-stake network via staking services provided by Fruitiion™. Please see our staking information page for more information regarding staking and Section 5.4 of the Fruitiion™ User Agreement for applicable terms and conditions. If you stake your assets with us, your reward will be determined by the protocols of the applicable network. Fruitiion™ will distribute this reward to you after receipt by Fruitiion™, minus a 25% commission.
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