FEE SCHEDULE

Transparent pricing structure for CycleFund platform services

Effective Date: December 15, 2024 | Next Review: June 15, 2025
PLATFORM FEES OVERVIEW

2.5%

Circle Management Fee

Per successful payout from circle completion

1.9% + $0.30

Card Processing

Standard rate for credit/debit card payments

1.5%

Mobile Money

For mobile money transactions in Africa

CIRCLE MANAGEMENT FEES
Circle Completion Fee
Per successful payout
2.5%
Circle Creation
One-time setup cost
FREE
Circle Joining
No membership fees
FREE
KYC Verification
Identity verification
FREE

Fee Calculation Example

Circle Amount: $1,000 per member

Your Payout: $1,000

Platform Fee: $25 (2.5%)

You Receive: $975

PAYMENT PROCESSING FEES
Credit/Debit Cards
Visa, Mastercard, Amex
1.9% + $0.30
Mobile Money (Ghana)
MTN Mobile Money, AirtelTigo
1.5%
Mobile Money (Nigeria)
Paystack network
1.5%
Bank Transfer (ACH)
US domestic transfers
0.8%
Wire Transfer
International transfers
$25 flat
ADDITIONAL SERVICES

Currency Conversion

2.0%

Above interbank rate

Early Withdrawal

5.0%

Of withdrawn amount

Dispute Resolution

$50

If resolved in your favor: FREE

Account Statements

FREE

Monthly/annual reports

COMPETITIVE COMPARISON
ServiceCycleFundTraditional BanksOther Platforms
Account MaintenanceFREE$10-25/month$5-15/month
International Transfers1.5-2.0%$15-45 + 3-5%2-4%
Mobile Money1.5%Not Available2-3%
Group Savings Management2.5%Not Available3-5%
FEE POLICIES & DISCLOSURES

Fee Collection

  • Platform fees deducted from successful payouts
  • Payment processing fees charged at transaction time
  • No fees charged for failed or incomplete circles
  • Transparent fee disclosure before each transaction

Fee Changes

  • 30-day advance notice for fee increases
  • Existing circles locked at original fee rates
  • Fee reductions effective immediately
  • Email and platform notifications for all changes