Unlock Labs Feature Announcement: Updated Credit Card Fees

Unlock Labs has implemented a tiered scale for credit card fees. Going forward, the following tiered credit card fee schedule will be in effect for users who purchase memberships, subscriptions, or tickets using credit cards.

• $1.00 fee per purchase for purchases less than $10

• 3% fee for purchases above $10, with a maximum fee of $10.00

In practice, this would mean the following, for purchases at various price points.

• For a $10 transaction or below, there would be a $1.00 fee (minimum fee)

• For a $50 transaction, there would be a $1.50 fee (3% of the $50 purchase)

• For a $100 transaction, there would be a $3.00 fee (3% of the $100 purchase)

• For transactions of $333 or higher, there would be a fixed $10.00 fee (capped)

These fees are paid by the purchasers who are minting the memberships, subscriptions, or tickets and paying by way of credit card.

Additionally, on the credit card payments page, Unlock Labs apps now explicitly show the amount being charged, rather than the percentage.