What is a TMF terminal fee?
Can you please clarify for me what exactly is a TMF terminal fee in the context of cryptocurrency and finance? Is it a one-time charge or a recurring fee? Who typically pays for it, and in what scenarios would it be applied? Additionally, are there any benefits or drawbacks associated with this fee that investors and traders should be aware of?
Who needs to pay terminal fee?
I'm curious to understand, who exactly is responsible for paying the terminal fee in the context we're discussing? Is it the merchant who is accepting cryptocurrency payments, the customer making the purchase, or perhaps a third-party service provider? And what factors determine the amount of this fee? Could you elaborate on the logic behind who bears this cost and how it's calculated?
What is a terminal fee?
Excuse me, could you possibly elaborate on the concept of a terminal fee? Is it a specific charge associated with cryptocurrency transactions or is it a broader term that encompasses various financial services? How does it differ from other fees that may be incurred during a transaction? Is it a fixed amount or does it vary depending on the amount being transferred or the specific service being utilized? I'm eager to gain a better understanding of this term and how it impacts the overall cost of conducting financial transactions.