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What are the bank and transaction fees?

Last updated: November 09, 2023

If you use bank accounts, payment gateways etc. to make or receive payments, the following fees may occur:

  • Bank/merchant account setup fees

  • Bank/merchant account maintenance fees

  • Gateway fees

  • Balance holding fees

  • Service fees per transaction charged by banks or gateways involved

  • Currency exchange fees

These fees are all considered business expenses, as long as the relevant transactions were related to your business activities.

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