Notice on Amending the Remittance or Fiat Withdrawal Rate for Business Accounts to Be the Same as for Personal Accounts

Matt

2024-11-15

Dear BiyaPay Users,

Effective from October 20, 2023, BiyaPay will modify the fee rates for remittances and fiat withdrawals for business accounts. Henceforth, all business accounts will be subject to the same withdrawal fee rates as personal accounts. The withdrawal fee rates for personal accounts will continue to implement a tiered fee structure, as detailed below:

Tiered Withdrawal Fee Rate Rules:

Participate in remittances or fiat withdrawals, and once the single transaction amount reaches a certain threshold, you can enjoy corresponding fee rate discounts within that range, with a maximum discount of up to 50%. Specific fee requirements are as follows:

Single remittance/withdrawal amount (USD)	Withdrawal fee	Enjoy discounts
200 ≤ Amount < 2k	$20	None
2K ≤ Amount < 100,000	1%	None
100,000 ≤ Amount < 300,000	0.90%	10% off
300,000 ≤ Amount < 1 million	0.80%	20% off
1 million ≤ Amount < 2 million	0.70%	30% off
2 million ≤ Amount < 5 million	0.60%	40% off
Amount ≥ 5 million	0.50%	50% off

Fee Rate Description and Service Terms:

This adjustment applies to all BiyaPay users;
Remittance/withdrawal fee discounts will be calculated based on the amount of each transaction, and fees will be directly deducted from the remittance/withdrawal amount;
One real-name user can only use one account;
All users must strictly adhere to BiyaPay service terms;
We oppose cheating behaviors. If discovered and verified, BiyaPay reserves the right to take action;
BiyaPay has the final interpretation rights for this adjustment. If there are further adjustments, additional notices will be announced.

Thank you for your longstanding trust and support in BiyaPay.

About BiyaPay BiyaPay is a global multi-asset trading wallet, using USDT as a medium, offering ‘USDT deposit to exchange for USD’. It supports the exchange of more than twenty fiat currencies and over ten cryptocurrencies, providing users with a safer and faster international remittance service. It also ‘supports USDT trading of U.S. and Hong Kong stocks’, where users can engage in real-time stock trading without the need for an offshore account, allowing for immediate deposits and withdrawals. A single account and one investment can give you access to global, U.S., and Hong Kong stock markets.

BiyaPay October 20, 2023

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