November 22, 2008, Saturday, 326

Bitmunk Fees

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Bitmunk Operational Fees

Bitmunk charges a fee on a per transaction basis. This is 15 cents or 15% of the total price of a given work, whichever is greater. This fee covers the cost of:

  • a secure digital content transaction network.
  • handling the financial transaction.
  • backing up the seller - if they sell you a corrupted file - we stand behind the sale and give you a valid/good file.
  • maintaining the databases, listings and search services.
  • contacting artists to get new content on the network.
  • future R&D to put new features in that we come up with or that people like you suggest.

Banking Institution Fees

The banks that Bitmunk works with charge money for performing certain actions such as:

  • Charging your Bitmunk Financial Account with a credit card or debit card.
  • Transferring money to your bank account.
  • Wire Transfers to locations outside of the United States of America.