What is a pro rate charge?

Similarly, if a customer decides to downgrade their plan in the middle of a billing cycle, their subsequent charges would reflect the new plan's pricing structure, prorated for the remainder of the current billing period.

This flexible approach benefits both the customer and the service provider. Customers are not overcharged for services they have not fully utilized, while service providers maintain a fair and predictable revenue stream.

Prorated charges are a method employed to accurately calculate and modify fees or costs incurred during a partial billing period. This approach ensures fairness and transparency for consumers.

BTCC, as a leading cryptocurrency exchange, offers a diverse range of services, including spot trading, futures trading, and cryptocurrency wallets. Each of these services may be subject to prorated charges depending on the specific plan or subscription terms.

In scenarios where an individual subscribes to a service mid-cycle or alters their plan during an ongoing billing period, prorated charges come into play. These adjustments account for the exact duration of the service utilized, rather than imposing the full cost associated with the entire billing cycle.