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Payments / Explainer

A network fee is only part of a payment’s cost

Compare conversion, withdrawal and settlement costs together.

Editorial illustration of digital paymentsEditorial illustration · not a photograph of a news event

A blockchain transaction may require a network fee. An exchange, wallet or payment provider can also charge conversion or service fees.

For cross-border payments, compare the amount received in the destination currency and the settlement conditions, not just the advertised transfer fee.

Original source: Ethereum.org

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