Payouts and Fees
We believe in transparency. Here's a breakdown of how all funds are handled.
For Raffle Creators (Payouts)
When your raffle successfully ends, your proceeds are sent automatically.
- Process: The total proceeds from all ticket sales (minus the platform fee) are automatically transferred to the Payout Recipient Address you specified during creation.
- Address: This must be an EVM-compatible
0x...address, even if your prize was on Solana. - Timing: This payout happens automatically after the raffle ends and the winner is finalized.
Platform Fees
PolyRaffles takes an origination fee to cover network gas to create an escrow contract, and a small, flat fee from the total ticket sales of a successful raffle. This fee is used to maintain and develop the platform. The exact fee percentage is displayed on the "Review Raffle" step before you deploy.
Network Gas Fees
Gas fees are separate from our platform fees and are paid directly to the blockchain network. Details below:
- Creators pay gas to create a raffle and deploy the prize.
- Entrants pay gas to buy a ticket.
- Entrants pay gas to be refunded (if a raffle is canceled).
- Creators DO NOT pay gas to create an escrow contrac this cost is deducted from our origination fee.
- Winners DO NOT pay gas to claim their prize, this cost is deducted from our origination fee.
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