For tenants, mietwise charges a one-time fee of €5 (Postbank charges €30!) when processing a tenant's rental deposit using a SEPA Direct Debit.
If a tenant decides to pay by SEPA Bank Transfer, we charge €5 plus 0.50% of the total deposit value.
This fee covers our administration, KYC ('Know Your Customer'), payment processing, and operating expenses.
It also leaves us with a small profit at the end, so that we can continue to improve our service for our users.