Fees
Any purchase made on the Nortech App incurs certain fees or costs. These can be categorized into three types: Nortech's fees, third-party fees, and the costs associated with smart contracts on the Polygon Network. The following table summarizes all possible fees and costs.
Fee Type
Description
Amount/Percentage
Brokerage fee
The fee charged by Nortech for using its Pay Way.
1% of currency transaction.
Commission fee
The fee charged by Nortech for using its Marketplace.
8% of material purchase.
Third-party fees
Fees charged by payment processors or financial institutions (e.g., PayPal, credit card fees).
Varies by provider and method.
Polygon Network Costs
The cost associated with executing smart contracts on the Polygon Network.
Varies based on network usage.
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