The Rent a Coder Fee covers credit card/PayPal processing, security verification of buyer payments, facilitation/arbitration and a small profit. It is based on the bidding type of the auction:
Bidding Type
Rent a Coder Fee
  Open Auction  15 %
  All coders can bid.
 
 
  Private Auction  15 %
  Only the coders the buyer invites can bid.
 
 
  One on One Project / Enhancement  12.5 %
  Allows a buyer to give new or enhancement work to a coder they've worked with before. (2.5% discount for coders)
 
 
  Bonus / Other Direct Payment  10 %
  Allows a buyer to give a fixed bonus or other immediate payment to a coder they've worked with before. Payment is immediate and bypases escrow. (5% discount for coders)