~ 8 min read
Fees - Pay It Now
At Pay It Now, we believe cutting-edge technology shouldn’t come with a big price tag. Our layer 2 network means we’re able to offer more affordable prices to buy and sell cryptocurrency and deliver better value to our customers than any other platform in New Zealand.
Compare our fees and see for yourself.
PIN Network Fees
| Service | Fee |
|---|---|
| PIN Account Set-up | Free |
| Gas fees on the PIN Network (PIN Layer 2) | Zero |
|
Swap/Exchange Currencies (In-app) Pay It Now includes a small exchange rate called a spread. It's like a small fee for the exchange. So, if you sell $105, we might buy it from you for $103, with the $2 difference allocated to cover the exchange cost. |
Varying Exchange Rates |
|
Withdraw balance to NZ Bank Account Withdrawing NZD has no fees. Withdrawing other currencies requires an automated swap into NZD before depositing the funds into your bank account (see "Swap/Exchange Currencies (In-app)" above). |
Free |
| Withdraw balance to International Bank Account | $4 USD |
|
Staking Withdraw (Early termination fee) Staking fee also incurs the difference in APR from date of withdraw. |
5% |
|
Withdraw crypto to external Web3 wallet Plus network fee (Charged by External Provider exc PIN Token). Transaction fees arise when utilizing layer 1 or native chains, and these costs can vary depending on the level of network congestion and activity. |
1% handling charge + network fees |
| Manual Bank Deposit (NZ or AU Bank Tarnsfer) | Free |
External Fees
| Service | Fee |
|---|---|
|
Buy PIN Token via Quickswap Transactions via layer 1/native chains will still attract network and gas fees. |
0% |
|
Buy PIN Token via RAMP (Credit/Debit Card) RAMP Fees = 2.9% with a minimum fee of $4.10 NZD. |
Pay only RAMP fees |
|
Buy Crypto using POLi Pay (NZ Bank Account) Poli-Pay Fees = 1% up to a maximum of $3.00 NZ. |
Pay only POLi pay fees |
|
Top up NZD using POLi Pay (NZ Bank Account) Poli-Pay Fees = 1% up to a maximum of $3.00 NZ. |
Pay only POLi pay fees |
|
Top up AUD using Account2Account (Windcave) Windcave Fees = 1% up to a maximum of $3.00 AUD. |
Pay only Windcave fees |
| Deposit PIN onto the PIN Network App (From external Web3 wallet) | Pay only network fees |
| Bridge crypto onto the PIN Network App (From external Web3 wallet) | Pay only network fees |
Merchant Fees
| Service | Fee |
|---|---|
| Merchant transaction fee | 0% |
| Sign up to accept payments (Set-up) | Free |
| Monthly Costs | Zero |
| Online integration | Free |
| Merchant (Process a refund) | Free |
| Cash out to business bank account | Free |
| POS integration (Supported POS Providers only) | No Cost |
| Fee if Merchant accepts BTC instead of Cash | Pay only conversion fees to layer 1 wallet |
PIN in-app Shop and Offers
| Service | Fee |
|---|---|
|
Visa Prezzy Card Purchase (Virtual card) Visa Prezzy Cards are issued by Giftstation and you only pay the Giftstation Fees. |
$5.95 card load + $1.50 card delivery fee |
|
Visa Prezzy Card Purchase (Physical card) Visa Prezzy Cards are issued by Giftstation and you only pay the Giftstation Fees. |
$5.95 card load + $7.50 Shipping Costs |
| Buy Giftcard Giftcards are issued by Giftstation and fees vary depemding upon the retailer. Fees are clearly displayed in-app before purchasing. You only pay the Giftstation Fees. |
Fees Vary |
| Access to Promotional Offers | No Cost |