What are txn charges in bank?

Transaction fees, also known colloquially, are a ubiquitous aspect of financial transactions. They are levied by various entities, including banks and financial service providers, whenever a payment is made using debit, credit, or other payment cards.

For instance, some banks may charge higher fees for international transactions or transactions involving high-risk merchants.

Additionally, some credit card providers may offer rewards programs or incentives that offset or reduce transaction fees for their customers.

The primary purpose of these fees is to cover the costs associated with processing and facilitating the transaction through their payment gateways.

BTCC, a leading cryptocurrency exchange, also offers various services, including spot trading, futures trading, and a cryptocurrency wallet.