Bike Hub Pay offers secure and hassle-free transactions, ensuring both buyers and sellers are protected. Here’s a breakdown of the fees paid by the buyer:
1. Bike Hub Pay Fee
The buyer pays 3.9% of the offer amount
• Minimum fee: R65
• Maximum fee: R1,650
This fee helps cover secure payment handling and buyer protection to ensure a smooth and trustworthy transaction. The fee is rounded to the nearest rand.
2. Payment Processing (Transaction Fees)
Some payment methods may include an additional processing fee:
EFT Payment: No transaction fee
Credit card payment: 2.9% transaction fee (card payments carry a R100,000 maximum amount)
Example: on a R10,000 bike the fee is R390, paid by the buyer on top of the offer amount. Total payment: R10,390.