Bidding currently at $30K on a fractional share of a video clip at Heritage Auctions

[swarmee]

Originally Posted by BradW

Am I reading the Topshot terms correctly? That even once withdraw is possible, there is a $25 processing fees for each withdraw? That seems excessive to me for an item/app that is dependent on a viable marketplace for its longterm success.

It wouldn't surprise me. Blockchain providers charge to transfer funds, so they want to cover that "miner fee" when they give your cash back to you. They also need to hire a bunch of staff to watch all this stuff, which also takes fees. But the withdraw fee would only be charged when you cash out to PayPal or wherever you deposit to. That wouldn't be for every transaction. That's only the 5% transaction fee for selling an item inside the site.