Fee Structure
Detailed Breakdown of Fees
At GoldEx, we are committed to transparency and fairness in our fee structure. Below is a comprehensive breakdown of the fees associated with using our platform.
1. Listing Fees
Standard Listing: Free
Includes basic listing features with standard visibility in search results.
Premium Listing: $1,000 per listing
Provides enhanced visibility and priority placement in search results.
Access to advanced analytics and reporting tools.
Ideal for sellers looking to maximize exposure for high-value gold offers.
2. Transaction Fees
Total Transaction Fee: 0.5% to 1% of the transaction value
Tiered Structure:
Transactions up to $200,000: 1% fee
Transactions over $200,000: 0.5% fee
Breakdown:
Buyer Transaction Fee: Included in the total fee.
Seller Transaction Fee: Included in the total fee.
Example:
For a transaction of $150,000:
Total Fee: 1% of $150,000 = $1,500
For a transaction of $300,000:
Total Fee: 0.5% of $300,000 = $1,500
Insurance Fee: 0.2% of the transaction value
Covers insurance for the gold during storage and transit.
Example:
For a transaction of $150,000:
Insurance Fee: 0.2% of $150,000 = $300
3. Payment Processing Fees
Cryptocurrency Payments (USDT, USDC, ETH)
Network Fees: Variable (depends on blockchain network conditions)
Paid by the sender at the time of transaction.
No Additional Processing Fees from GoldEx.
Bank Transfer
Domestic Transfers: $30 per transaction
International Transfers: $50 per transaction
Additional fees may apply depending on the banks involved.
Cash Transactions
Handling Fee: 0.5% of the transaction value
Covers costs associated with secure cash handling arrangements.
4. KYC Verification Fees
Standard Verification: Free
Required for users opting for bank transfers or purchasing rUSD.
Enhanced Verification: $100 one-time fee
Required for high-value transactions exceeding $200,000.
Includes expedited processing and additional security checks.
5. Storage and Insurance Fees
Bank Safe Deposit Box Rental
Standard Fee: Variable, negotiated directly with partner banks.
Fees typically range from $200 to $500 per month depending on box size.
Note: Some partner banks may offer discounted rates for GoldEx users.
Insurance Coverage
Included in the 0.2% Insurance Fee as part of the transaction.
Provides full coverage against theft, loss, or damage during storage and transit.
6. Laboratory Testing Fees
Standard Assay Test
Approximately $200 per sample
Includes comprehensive testing using industry-standard methods.
Official certification provided upon completion.
Expedited Testing
Approximately $500 per sample
Prioritized testing with results delivered within 24 hours.
Ideal for urgent transactions requiring quick verification.
7. Logistics and Shipping Fees
Domestic Transportation
Flat Rate: $1,000 per shipment
Includes secure transport and insurance within the country of origin.
International Shipping
Starting at $5,000 per shipment
Final cost depends on destination, weight, and security requirements.
Services include:
Secure transport with armored vehicles.
Customs clearance assistance.
Full insurance coverage during transit.
8. Cancellation and Dispute Fees
Cancellation Fee
$200 if a reservation is canceled by the buyer after confirmation.
Waived if cancellation is due to seller non-compliance or mutual agreement.
Dispute Resolution Fee
$500 administrative fee for disputes requiring GoldEx mediation.
Fee is typically split between buyer and seller unless otherwise determined.
9. Premium Services
Dedicated Account Manager
$2,000 per month
Personalized support and priority assistance for high-volume traders.
Custom Analytics Reports
$1,000 per report
In-depth market analysis tailored to your trading activities and preferences.
Example Transaction Fee Calculation
Let's illustrate how fees are calculated for both standard and high-value transactions.
Scenario 1: Standard Transaction
Transaction Value: $150,000
Transaction Fee:
Rate: 1%
Calculation: 1% of $150,000 = $1,500
Insurance Fee:
Rate: 0.2%
Calculation: 0.2% of $150,000 = $300
Total Fees Paid to GoldEx: $1,500 (Transaction Fee) + $300 (Insurance Fee) = $1,800
Scenario 2: High-Value Transaction
Transaction Value: $300,000
Transaction Fee:
Rate: 0.5%
Calculation: 0.5% of $300,000 = $1,500
Insurance Fee:
Rate: 0.2%
Calculation: 0.2% of $300,000 = $600
Total Fees Paid to GoldEx: $1,500 (Transaction Fee) + $600 (Insurance Fee) = $2,100
Additional Fees (if applicable):
Laboratory Testing:
Standard Assay Test: $200
Expedited Testing: $500
Payment Processing:
Bank Transfer (International): $50
Cryptocurrency Network Fee: Variable
Important Notes:
Listing Fees:
If opting for a Premium Listing: $1,000 per listing, paid upfront.
High-Value Transactions:
Transactions over $200,000 require Enhanced Verification ($100 one-time fee).
Summary of Fees:
Total Transaction Fee: 0.5% - 1% based on the transaction amount.
Insurance Fee: 0.2% of the transaction value.
Laboratory Testing Fees:
Standard Assay Test: ~$200.
Expedited Testing: ~$500.
Listing Fees:
Standard Listing: Free.
Premium Listing: $1,000 per listing.
KYC Verification:
Standard: Free.
Enhanced (for transactions >$200,000): $100.
Payment Processing Fees:
Cryptocurrency: Network fees only.
Bank Transfers: $30 (domestic), $50 (international).
Cash Handling: 0.5% of the transaction value.
Contact for Fee Inquiries
If you have questions or need further clarification regarding our fees, please contact us at fees@goldex.fi.
Final Remarks
We strive to maintain a fee structure that is competitive and transparent, ensuring that our users receive exceptional value and service. By clearly understanding these fees, you can plan your transactions with confidence and avoid any unexpected costs.
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