Commitment Fee (Token Amount)

Commitment Fee (Token Amount) is 2% - 3% of the final selling price paid by the buyer on Droom's online platform and the remaining 97% - 98% is paid directly to the seller during the transaction closing. Commitment Fee (Token Amount) is what Buyer pays via Droom to commit for a transaction that is adjusted in selling price during transaction closure. It is refundable and covered by buyer protection if the transaction does not complete.

To know more click Token Amount by category

How Commitment Fee (Token Amount) Works for seller?

For example, if buyer buys a Car for 3,00,000/- buyer will Pay 6,000/- (2% of Selling Price) as Commitment Fee (Token Amount). The remaing 98% will be paid to the seller at the time of transaction closure.

Selling Price | Droom
Rs 3,00,000
=
Token Amount | Droom
Rs 6,000
+
Final value payment | Droom
Rs 2,94,000

Benefits of Commitment Fee (Token Amount)?

Benefits of Commitment Fee

Transaction Flow

Transaction Flow