---
title: Understanding Fees and Payouts
slug: understanding-fees-and-payouts
docTags: 
createdAt: 2025-10-29T11:09:45.065Z
---

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.*