Understanding Fees and Payouts
1 min
SecurePlate aims to keep all charges clear and predictable.
Platform Fee
- A small RM10 platform fee is charged per transaction to maintain secure payment processing and platform operations.
Seller Service Fee Sellers only pay a service fee after a successful sale, based on the plate’s sale price.
Tier | Price Range (RM) | Fee Rate |
|---|---|---|
Tier 1 | 0 – 1,000 | 4 % |
Tier 2 | 1,000.01 – 5,000 | 3 % |
Tier 3 | 5,000.01 – 10,000 | 2 % |
Tier 4 | 10,000.01 – 50,000 | 1 % |
Capped | Above 50,000 | RM 500 maximum |
Payouts
- After the buyer confirms plate transfer, funds are released to the seller.
- Payouts are processed directly to the seller’s registered bank account, usually within 1–2 business days.
💡 All fees are displayed clearly before confirmation — no surprises, ever.