> For the complete documentation index, see [llms.txt](https://nftgogogo.gitbook.io/goatnft/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nftgogogo.gitbook.io/goatnft/how-goatnft-works/fee-structure.md).

# Fee Structure

GoatNFT implements a Platform Fee, set at 5% of the rental fee. This fee is applicable under specific circumstances following the completion of a rental transaction. There are three possible scenarios:

* Successful Return of NFT:
* * Escrow and Fees: The borrower places a Collateral + Rental Fee in escrow. Upon the successful return of the NFT, the lender receives the NFT back along with the Rental Fee.
  * Platform Fee Deduction: Once the transaction is successfully completed, GoatNFT deducts a Platform Fee of 5% from the Rental Fee.
* Early Return of NFT:
* * Rental Adjustment: If the NFT is rented for a set period (e.g., 5 days) but is returned early (e.g., after 3 days), the lender retains the rental fee for the actual rental period (3 days).
  * Refund to Borrower: The borrower is refunded the unused portion of the rental fee (e.g., for the remaining 2 days).
  * Adjusted Platform Fee: GoatNFT's Platform Fee is then adjusted to 5% of the rental fee for the actual duration the NFT was rented (3 days in this example).
* Late or Non-Return of NFT:
* * Claiming Collateral: If the NFT is returned even a second late, the lender is entitled to claim both the NFT and the collateral.
  * No Platform Fee: In such cases of late or non-return, considered as unsuccessful transactions, GoatNFT does not charge a Platform Fee. This is to the advantage of the lender, acknowledging the inconvenience caused.

This fee structure is designed to ensure a fair and transparent process for both lenders and borrowers on the GoatNFT platform, providing security and clarity in all rental transactions.

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