Thinkium takes the burden of managing purchases from consumer's keep it simple and free, and transfer it to thinkium. There is no cost for consumers when they use thinkium. This is a paid transaction for gas called gas fees. Thinkium will charge you a certain amount of gas fee for any purchase you do on this site. And so that Thinkium can make the right decisions, thinkium will send these gas fees to the appropriate person in charge of the purchase and then deduct that amount from the purchase's total value.
Even though there are numerous ways to calculate and determine your coin count, you'll be amazed if you notice that the amount of gas fees is always being calculated. If you do it yourself, or have a friend or relative do it for you, it will take sometime. I myself as a user who didn't know this trend had to go through all transactions in order for me to see the real number of gas fees, and then I was astonished. So if you're on thinkium, please alert your friends so they can receive the most benefit without confusion.
Fees are some sort of transactional payments. In every transaction, thinkium sends through the block explorer a little bit of gas that needs to be paid. This amount is computed from all the transactions involved in the transaction and sent back to the person who makes the transaction. This gas fee is part of thinkium's operational expense: thinkium uses this number to pay for all its operating costs, like domain registrations and infrastructure maintenance.
Everything you do on thinkium needs to pay a gas fee. This includes purchases using credit cards (MasterCard, Visa, American Express, Discover), debit cards (Discover, Visa, American Express), eChecks and other forms of virtual currency.
WHAT IS GAS FEE?
What is Gas Fee? Gas is a unit that measures the amount of computing effort required to perform specific operations on the thinkum network: ie. Computations on the thinkum network require gas fees. Gas is a unit that measures the amount of computing effort required to perform particular functions on a network. It is a measure of both bandwidth and throughput in Gigabits per second (Gbps) and can be used to compare networks, as well as to quantify how computationally expensive various operations are.
To make you understand our terms and policies, we'll explain a little about Gas Fee: Gas Fee is basically an amount of your transaction fee that gets subtracted at every step of the process. This can happen multiple times. For example, transfer of gas from Authorize to Transfer is divided into various steps among the various processors to optimize and speed up the transaction. Gas Fee is paid mostly by couriers and vendors who deliver or pick up the package, respectively. To overcome this problem, AuthorizeBank has set a flat fee for all transactions, so you will always know what you will pay before starting a payment with us. We aim to save our users money on unnecessary transfer fees.
For more information visit:
Website: thinkium.io
Twitter: @Thinkium_Chain
Discord: https://discord.gg/JV49zdrDyv
