Quicoon's Fee Calculator: Simple, Transparent, and Cost-Efficient
At Quicoon, we believe in transparency and ensuring that your online transactions are as cost-effective as possible. That’s why we’ve created the Quicoon Fee Calculator, your go-to tool for understanding the costs associated with using our escrow service.
How It Works:
- Input Purchase Amount: In the first step, you input the amount of your purchase. This is the total amount you’re planning to transact, in Rupees.
- Click “Calculate”: After entering the purchase amount, click the “Calculate” button. This will trigger the calculation process.
- Transaction Fee Calculation: The calculator will automatically calculate the transaction fee, which is set at 2% of the purchase amount. This fee is the cost of using Quicon’s escrow service.
- Total Payable by Buyer: The calculator then determines the total amount the buyer needs to pay. It divides the transaction fee equally between the buyer and the seller. The buyer pays the purchase amount plus half of the transaction fee.
- Total Receivable by Seller: Simultaneously, the calculator calculates the total amount the seller will receive. The seller receives the purchase amount minus half of the transaction fee.
By following these steps and using the Quicon Escrow Fee Calculator, you can quickly understand the exact amounts involved in your transaction, ensuring transparency and clarity in your financial dealings.