Orafi uses a simple 1% platform fee that is enforced at the smart-contract level. Fees are deducted automatically before settlement --- no manual calculations required.
Fee overview
| Transaction type | Fee | Deducted from | On-chain |
|---|
| Payment | 1% | Payment amount | Yes |
| Payout | 1% | Payout amount | Yes |
| Refund | Free | --- | --- |
All fees are computed using basis-point integer arithmetic for precision. Fee transfers happen atomically within the same on-chain transaction as the payment or payout.
Payment fees
When a customer pays, Orafi automatically:
- Validates the incoming amount.
- Calculates the 1% platform fee.
- Transfers the fee to the Orafi platform wallet.
- Settles the remaining 99% to the merchant.
Example:
| Payment amount | Platform fee (1%) | Merchant receives |
|---|
| 1,000 USDC | 10 USDC | 990 USDC |
| 500 USDC | 5 USDC | 495 USDC |
| 50 USDC | 0.50 USDC | 49.50 USDC |
Payout fees
When a merchant withdraws funds, the same 1% fee applies:
- The platform validates available balance.
- Calculates and deducts the 1% fee.
- Transfers the remaining amount to the destination wallet.
Example:
| Payout amount | Platform fee (1%) | Merchant receives |
|---|
| 500 USDC | 5 USDC | 495 USDC |
| 100 USDC | 1 USDC | 99 USDC |
Refund fees
Refunds are free. The full refunded amount is returned to the customer with no platform fee deducted. This ensures fair reimbursement and avoids double-charging.
Key details
- Only USDC is currently supported as a settlement token.
- Fee changes require a protocol-level update and will be announced publicly before taking effect.
- All fee logic is transparent and deterministic --- you can verify it on-chain.
