What is a prorated monthly fee?

This method of billing is advantageous for both customers and merchants. It provides customers with flexibility and cost-effectiveness, while allowing merchants to maintain a transparent and fair pricing structure.

BTCC, a leading cryptocurrency exchange, also utilizes a prorated fee system for its various services. This includes spot trading, futures trading, and wallet services, among others.

In the realm of service subscriptions, a prorated fee system is employed to ensure fairness and accuracy in billing. This approach is particularly relevant when customers choose to join or discontinue a service at a point that does not coincide with the standard billing cycle.

For instance, if a customer decides to subscribe to a merchant's service mid-way through a billing period, they would not be expected to pay the full amount for the entire cycle. Instead, a prorated fee is calculated based on the portion of the cycle they will utilize the service.

By offering prorated fees, BTCC ensures that its customers are not burdened with unnecessary costs. Whether they subscribe to a service at the beginning, middle, or end of a billing cycle, they can rest assured that they will only be charged for the time they utilize the platform.