Learn about the different fees involved in processing transactions and gain clarity through practical examples.
Fee Type | Description | Example | Fixed / Variable | Applied by | Key Variables |
|---|---|---|---|---|---|
💱 FX Fee | Refers to the processing fee we charge our merchants if you opted for auto-conversion. For example, when setting target currency to auto-convert. | 100 ETH has been sent, requiring automatic conversion to USDT TRX, a small fee is deducted for the conversion. | Fixed | Blockchain | None |
🌏︎ Network Fee | A network fee is a charge for processing transactions on a blockchain network, paid to validators or miners for their computational resources and security. | 100 USDT are sent, and a gas fee is required to transfer the funds. | Variable | Blockchain |
|
💸 Processing Fee | Processing fee is simply the processing fee we charge our merchants. | 100 USDT are sent, and a processing fee is applied to deposit these funds to your PMIDs (payments) or from your eComm PMID to your end user for a payout (withdrawal). | Fixed, as it's a percentage, it fluctuates, either increasing or decreasing depending on the amount. | Orbital | None |
₿ BinancePay Fee | Charges incurred for using Binance's payment service, this fee covers the cost of using the BinancePay platform for the transaction. | When using BinancePay to send 1 USDT, a fixed BinancePay Fee may be deducted for processing the transaction. | Fixed | Binance | None |