New Fee Structure

Dear Cred Users,

We’ve heard your feedback regarding our fees and have listened. Effective today, we’re removing our subscription fee and adjusting our transaction fees to 4%.

This means we will no longer charge existing and new members a monthly $4.99 subscription fee.

Regarding the transaction fee of 4%, here’s how that compares to Coinbase’s transaction fees.

• If the total transaction amount is less than or equal to $10, the fee is $0.99 (or 9.9%, Cred would charge 4%)
• If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49 (or between 5.9% and 14.8%, Cred would charge 4%)
• If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99 (or between 3.9% and 7.9%, Cred would charge 4%)
• If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99 (or between 1.4% and 5.9%, Cred would charge 4%)

In keeping with our focus on micro-buying and not breaking the bank, along with our focus on regular consumers, our new fees reflect the less expensive fees we charge for smaller buys.

We will always notify you of all Cred Fees and any other service fees that apply to each transaction immediately before you confirm each transaction and in the receipt we issue to you immediately after each transaction has processed.

Thank you for your continued business,

Team Cred