Settlement
The contents of this document are subject to change based on future circumstances or policy revisions.
This guide provides an overview of the payment system offered by the Dapp Portal. It includes detailed information on payment policies, refund policies, and settlement policies.
Cash Flow
Product Price: Product sales amount
Platform Fee (Service Fee): The fee LINE NEXT receives for providing the platform.
Royalty Fee (Contents Fee): The fee that the Dapp receives as royalty for NFT C2C transactions.
Payment Solution Fee: Payment fee collected by the payment processor for providing the payment solution.
Mini Dapp in-app Items
1-1. Fiat Payment (B2C)
Payout: Product Price - Platform Fee (10%) - Payment Processor Fee - All other costs*
All other costs: OTC conversion fee, etc.
1-2. Fiat Settlement
a. Settlement Currency
The settlement funds are paid in crypto
b. Settlement Frequency
Quarterly settlement (payment of settlement funds in N+3 for transactions occurring during N to N+2)
c. Settlement Procedure
The Payment Processor deducts transaction fees and confirms the settlement amount, then pays it to LINE NEXT (N+3 W1~W2).
LINE NEXT deducts platform fees and converts the remaining balance into crypto (N+3 W3).
After deducting all related costs, the final settlement amount is distributed to individual Dapps, and a settlement report is provided (N+3 W4).
d. Example
For payments made from January to March
April W1~W2: Payment Processor deducts the payment fee, finalizes the settlement amount, and sends it to LINE NEXT
April W3: LINE NEXT deducts the platform fee and converts the remaining difference into crypto.
April W4: Distribute final settlement amount to individual DApps after deducting all expenses and provide settlement report
2-1. $KAIA Payment (B2C)
Payout: Product Price - Platform Fee (10%)
2-2. $KAIA Settlement
a. Settlement Currency
The settlement funds are paid in crypto
b. Settlement Frequency
Real-time settlement
c. Settlement Procedure
The smart contract automatically calculates the related fee amounts based on the Product Price and pays the balance to the seller.
LINE NEXT provides a quarterly settlement report (N+3)
NFTs
1. $KAIA Payment (B2C)
Payout: Product Price - Platform Fee (10%*)
Platform Fee: Discounted fee rates available during promotional periods.
2. $KAIA Payment (C2C)
Payout: Royalty fee*
Rate set directly by the Dapp within the range of 0~10% of the Product Price.
3. $KAIA Settlement for NFTs
It is instantly settled same as Mini Dapp in-app items.
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