Effective as of February 23, 2022
The table below outlines the fees charged by The CO2IN, a.s. for its Services on the CO2IN Mobile Application as outlined by the GTC and other Documents.
Fees are calculated from the turnover of a given transaction (Total EUR value of Transaction, or quantity of CO2IN as appropriate).
Transaction fees are automatically deducted from the appropriate Wallet (EUR, CO2IN) as part and parcel of the transaction. You will always see the Transaction fee and its appropriate denomination (EUR, CO2IN) in the Mobile Application.
All transactions and fees are calculated with four decimals precision, but only a rounded number to the two decimals is displayed in the app. Minimal Transaction fees of 0,01 CO2IN apply for Transactions of PAY and BURN.
The Transactions, which carry a fee are:
Explanatory note: Receiving CO2IN Tokens from another user does not bear a fee on the Recipient end of the transaction. The Transaction fee for a CO2IN PAY transaction is always borne by the Payer, i.e. the account from which the CO2IN Tokens are sent.
|Transaction type||Fee (in %)||Fee denomination||Minimum transaction||Minimum fee|
|KOUPIT CO2IN||1,00||EUR||1 CO2IN||0,01 EUR|
|PRODAT CO2IN||2,00||EUR||1 CO2IN||0,01 EUR|
|PLATIT CO2IN||0,10||CO2IN||0,01 CO2IN||0,01 CO2IN|
|SPÁLIT CO2IN||0,10||CO2IN||0,01 CO2IN||0,01 CO2IN|
Cumulative total Basic Limit placed on all non-verified Accounts for aggregate TOP UP: EUR 400 or CZK 10.000.
Standard cumulative total Limit placed on all verified Accounts for aggregate TOP UP: (i) EUR 10.000 or CZK 250.000 as regards Clients (consumers) 18 years old and older, business natural persons and legal entities and (ii) EUR 4.000 or CZK 100.000 as regards Clients (consumers) younger than 18 years. The Limit can be modified or reset periodically in any way based on a risk evaluation by the Company based on data submitted by the Client, as well as Client behaviour and other information about the Client. The Company reserves all rights to adjust or reset the Limit for any Client at its own discretion.
The following minimum amount for an individual TOP UP applies to all registered, verified and non-verified Accounts: EUR 4 or CZK 100.
For client funds TOP UP to the Account made in CZK, the relevant amount will be converted into EUR according to the exchange rate calculated as follows:
The official exchange rate of the Czech National Bank valid at the Exchange Time + CZK 0,1
E.g. For a CZK 1.000 funds TOP UP and CNB exchange rate of 24,9 CZK/EUR, the Client’s Account will be credited EUR 40, calculated as CZK 1000 divided by (24,9 + 0,1), i.e. 25 CZK/EUR.
For client funds Withdrawals from the Account into CZK, the relevant amount will be converted into CZK according to the exchange rate calculated as follows:
The official exchange rate of the Czech National Bank valid at the Exchange Time - CZK 0,1
E.g. For a EUR 100 funds withdrawal and CNB exchange rate of 25,1 CZK/EUR, the Client’s bank account will be credited CZK 2.500, calculated as EUR 100 times (25,1 - 0,1), i.e. 25 CZK/EUR.