Cryptocurrency Q&A
Who pays the transaction fee?
Who pays the transaction fee?
AzrilTaufani
Thu Oct 10 2024
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5 answers
878
I'm trying to understand who bears the responsibility for paying the transaction fee in a particular financial transaction. Could you please clarify this for me?
5 answers
Tommaso
Sat Oct 12 2024
By doing so, merchants can ensure that they do not lose money on small transactions where the transaction fee exceeds the profit margin.
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Valentina
Sat Oct 12 2024
This practice, while understandable from a business perspective, can be inconvenient for consumers who may be forced to make larger purchases than they originally intended.
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Elena
Sat Oct 12 2024
Merchants are typically responsible for paying per-transaction fees, not consumers. However, these fees can indirectly impact consumers if merchants decide to adjust their prices to cover the costs.
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CherryBlossomBloom
Sat Oct 12 2024
It's important for consumers to be aware of these potential fees and minimum purchase amounts when making purchases, especially with credit cards.
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CoinPrince
Sat Oct 12 2024
Small businesses, in particular, may be more sensitive to these fees and may implement measures to minimize their impact. One such measure is setting minimum purchase amounts for credit card transactions.
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