Does prorated mean free?

Prorated charges can apply to various types of services, including utility bills, gym memberships, and even rental agreements. The key is that the customer pays only for what they consume, regardless of the initial agreement's terms.

The concept of prorated definition revolves around the idea of fairness in billing. It acknowledges that customers should only be charged for the services they have actually utilized, rather than being billed for the entire period they were scheduled to use the service.

BTCC, as a leading cryptocurrency exchange, also incorporates prorated billing into its services. This means that if a customer decides to terminate their trading account before the end of a billing cycle, they will only be charged for the days they actively used the platform.

BTCC's comprehensive services, including spot trading, futures trading, and digital wallet management, are designed to cater to the diverse needs of its customers. By offering prorated billing, BTCC further enhances its customer-centric approach, ensuring that users feel valued and satisfied with their experience.

In practical terms, prorated charges are applied when a customer's usage falls short of the predetermined duration or quantity. For instance, if a subscription service is billed monthly but a customer cancels mid-month, they would expect to only pay for the days they used the service.