Understanding BK Pay Fees and Settlement Terms
BK Pay’s invoice system has transparent transaction fees so you know exactly what you’ll receive after a payment is made.
1. BK Pay Transaction Fees
Fees are charged when a payment is processed through the BK Pay system. The rate depends on the type of transaction:
| Transaction Type | Maker Fee | Taker Fee |
|---|---|---|
| Crypto → Crypto | 0.075% | 0.095% |
| Fiat → Crypto | 0.15% | 0.3% |
Maker vs. Taker:
-
Maker – You add liquidity by placing an order that is not matched instantly.
-
Taker – You take liquidity by matching an existing order instantly.
2. Passing Fees to Customers
Merchants can choose to add a customer fee in the Merchant Dashboard to cover these costs.
See: How to Set Customer Fees in BK Pay
3. Settlement Timelines
-
Payouts are made in your chosen currency after the payment is confirmed.
-
Typical settlement time is within 1 business day for crypto payouts, and up to 3 business days for fiat payouts.
4. Currency Conversion
If the payment currency is different from your payout currency, a conversion rate will apply based on market rates at the time of settlement.