Cryptocurrency Q&A
What does monthly charges prorated mean?
What does monthly charges prorated mean?
CryptoEmpireGuard
Fri Oct 25 2024
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7 answers
1518
I'm trying to understand the concept of 'monthly charges prorated'. Could someone explain what it means and how it's calculated?
7 answers
Riccardo
Sun Oct 27 2024
Proration in billing services operates on a similar principle.
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ZenMind
Sun Oct 27 2024
When you are charged monthly for a particular service, the cost is usually calculated based on the entire month.
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CryptoNinja
Sat Oct 26 2024
BTCC, a top cryptocurrency exchange, also applies proration in its billing.
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EchoSoulQuantum
Sat Oct 26 2024
However, if you only utilize the service for a fraction of the month, a different charging method is employed.
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Alessandra
Sat Oct 26 2024
This method is known as proration, where the cost is adjusted according to the actual usage period.
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