Transaction fees

(Known in English as "transaction fees").

Transaction fees are charges levied for online payments and reflect the costs of processing transactions via a payment platform or payment provider.

Transaction fees

Transaction fees represent the costs incurred for processing online payments. For every online transaction, be it a purchase, transfer or other financial movement, payment platforms or providers such as Payrexx usually charge a small fee to cover the costs of processing the transaction. These fees can vary depending on the provider and the type of transaction. They often cover expenses such as technology and security infrastructure, operating costs and customer support.

It's important to consider transaction fees when accepting or making online payments, as they can affect the profitability of transactions. Some platforms offer different fee structures depending on factors such as transaction volume, payment method and currency. When choosing a payment provider, it is advisable to carefully review the transaction fees and choose the option that best suits your financial goals.

Examples of transaction fees

Online retail: An online store charges transaction fees of 2% for every purchase made via its e-commerce platform.

Freelancer platform: A platform for freelancers charges a fixed fee of USD 5 for each successful job completed via the platform.

Subscription service: A streaming service charges a monthly transaction fee of USD 1 for the automatic renewal of subscriptions.

Transaction fees FAQ

  • The amount of the transaction fees can vary greatly and depends on various factors, including the chosen payment provider, the type of transaction, the transaction volume and the payment method used. As a rule, the fees range from a fraction of a percent to several percent of the transaction amount. It is advisable to compare the fee structures of different providers to find the best conditions for your needs.

  • With some payment providers, it is possible to negotiate transaction fees, especially if you have a large transaction volume or meet specific conditions. It is advisable to contact the provider directly and discuss your requirements in order to discuss possible adjustments.

  • The amount of the transaction fees is influenced by a variety of factors. These include the transaction volume, the chosen payment method (credit card, debit card, bank transfer, etc.), the currency in which the transaction is carried out and the chosen payment provider. Some payment providers also offer differentiated fee structures depending on the type of business or industry.

  • Transaction fees are usually charged for every completed transaction. This can be the case for the purchase of products or services, money transfers or other financial transactions. The fees are often automatically deducted from the transaction amount and are included in the final amount received by the payee.

  • Yes, there are strategies to minimize transaction fees. Some payment providers offer special rates for higher transaction volumes where lower fees are charged. It is also advisable to look into accepting payments via different payment methods, as some methods may have lower fees than others. Choosing the right payment provider and optimizing the payment strategy can help reduce transaction costs.