What are transaction fees?
Transaction fees are charges applied when processing a financial transaction, often seen in banking and trading.
Why do these fees exist?
They cover the costs of processing transactions, including security, infrastructure, and service provider fees.
Are there ways to reduce these fees?
Yes, you can choose platforms with lower fees, use specific payment methods, or negotiate fees with service providers.
What are some common transaction fees I should be aware of?
Common fees include credit card processing fees, wire transfer fees, and currency conversion fees.
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