Hourly Fee Tax

The Hourly Fee Tax is an additional fee applied on top of the Base Hourly Fee and varies by the user’s tier. This tax represents the platform’s revenue and helps cover operating costs. Users in higher tiers benefit from lower Hourly Fee Tax percentages, making borrowing more cost-effective.

Hourly Fee Tax Structure by Tier:

• Basic: 8%

• Plus: 6%

• Premium: 4%

• Platinum: 3%

Example Calculation:

Assume the Base Hourly Fee for a $1,000 loan is $10/hour. Here’s how the Hourly Fee Tax is calculated for each tier:

• Basic:

  • Base Hourly Fee = $10

  • Hourly Fee Tax = $10 * 8% = $0.80

  • Total Fee per Hour = $10 + $0.80 = $10.80/hour

• Plus:

  • Base Hourly Fee = $10

  • Hourly Fee Tax = $10 * 6% = $0.60

  • Total Fee per Hour = $10 + $0.60 = $10.60/hour

• Premium:

  • Base Hourly Fee = $10

  • Hourly Fee Tax = $10 * 4% = $0.40

  • Total Fee per Hour = $10 + $0.40 = $10.40/hour

• Platinum:

  • Base Hourly Fee = $10

  • Hourly Fee Tax = $10 * 3% = $0.30

  • Total Fee per Hour = $10 + $0.30 = $10.30/hour

This tiered system ensures that more active or loyal users enjoy reduced costs, while the platform remains sustainable.