Understanding Fees and Payouts

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