What are transaction fees and how do they affect customers?
An example of an AI chatbot conversation about the impact of transaction fees on customers.
What are transaction fees and how do they affect customers?
Transaction fees are charges applied during financial transactions, impacting the total cost for customers.
Can you give me examples of how these fees might affect my purchases?
Sure! For instance, if a store charges a 2% transaction fee, a $100 purchase would cost you $102.
Do these fees vary between different payment methods?
Yes, transaction fees can vary significantly between credit cards, debit cards, and digital wallets.
How can customers avoid high transaction fees?
Customers can avoid high fees by choosing payment methods with lower fees or by shopping at stores that absorb these costs.
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