# Platform Fee

Bee Market will charge fees in <mark style="color:purple;">**three instances**</mark>:

## Order Closure:

Both buyers and sellers can close their orders at any time before the order is executed. A 0.5% fee will be automatically deducted from both parties when reclaiming the <mark style="color:purple;">**deposited funds**</mark>.

## Order Cancellation:

In the event of the seller <mark style="color:purple;">**ghosting**</mark>, the buyer has the option to <mark style="color:purple;">**cancel the order**</mark>, reclaim their deposited funds, and receive compensation from the <mark style="color:purple;">**seller's deposited funds**</mark>.

A 0.5% fee is charged from the buyer's reclaimed total funds, and it is automatically deducted by the smart contract.

## Order settlement:

When the order is completed normally, the seller can reclaim their <mark style="color:purple;">**deposited funds**</mark> and receive the buyer's deposited funds.

0.5% fee is charged from <mark style="color:purple;">**buyer's deposited**</mark> and 0.5% fee is charged from <mark style="color:purple;">**seller's deposited**</mark>**.**
