Cryptocurrency Q&A
What is the global payment fee?
What is the global payment fee?
GinsengGlory
Wed Sep 25 2024
|
7 answers
1231
Can you clarify what you mean by "global payment fee"? Are you referring to the fee associated with making international payments using traditional financial systems, or are you inquiring about the fees charged by cryptocurrency networks for global transactions? If it's the latter, it's important to note that cryptocurrency fees can vary widely depending on the network, the current congestion levels, and the specific transaction details. However, in general, cryptocurrency transactions are often seen as a more cost-effective alternative to traditional international payments due to their lower fees and faster transaction speeds.
7 answers
Maria
Fri Sep 27 2024
For instance, if a customer makes a purchase worth $1,000 using their credit or debit card through the Global Payments system, the processing fee would be calculated as follows.
Was this helpful?
220
39
benjamin_stokes_astronomer
Fri Sep 27 2024
Credit/Debit Card handling fees, colloquially referred to as "convenience fees," are charges levied each time a credit or debit card is utilized to facilitate a transaction.
Was this helpful?
291
83
HallyuHeroine
Fri Sep 27 2024
These fees are a standard aspect of electronic commerce, compensating service providers for the processing and security measures involved in managing card-based transactions.
Was this helpful?
203
50
Andrea
Fri Sep 27 2024
The CC processing fee levied by Global Payments is structured as a percentage of the transaction amount plus a fixed fee per transaction. Specifically, it comprises 2.9% of the transaction value plus an additional $0.29.
Was this helpful?
148
27
Martino
Thu Sep 26 2024
First, the percentage-based fee of 2.9% is applied to the transaction amount, resulting in $29. Then, the fixed fee of $0.29 is added to this amount.
Was this helpful?
173
29
Load 5 more related questions
