Deposit & Charges

As the smart contract is deployed under the wallet of the Account Administrator, where your business has complete ownership, BlockATM has no authority to access the assets in the smart contract. Therefore, except for the payout service, all fees charged by BlockATM are deducted directly from the business balance (Deposit).

Initial Deposit

When opening a BlockATM account, the business is required to make an initial deposit of 500 USDT.

What charges will be covered by the deposit?

1. Transaction Fee: BlockATM does not charge any platform/Annual fees. For BlockATM Checkout Whatever the transaction amounts, we only charge a flat fee of 2 USDT per transaction.

2. Smart Contract Deployment Fee: For each smart contract deployment, BlockATM charges a fee of 100 USDT as a smart contract deployment fee.

3. Idle Contract Management Fee: For each idle smart contract, BlockATM charges a daily management fee of 1 USDT. We encourage merchants to withdraw the remaining balance from the old smart contracts and burn them to avoid this fee.

Deposit refund

If a merchant wishes to terminate their BlockATM account, they can request a full refund of their business balance (Deposit) to a specified wallet address by contacting the Customer Service representative at [e-mail].

Payout Service Fee

For BlockATM Bulk Payout Whatever the transaction amounts, we will charge a flat fee of 1 USDT per individual transaction within a bulk payout order. The service fee will be charged from the payout smart contract during the transaction.