Service Charges
In the digital payment landscape, understanding the cost structure is crucial for both merchants and customers. BlockATM QR Pay prides itself on maintaining a service charge framework that is not only transparent but also competitive. Here's a detailed look at how service charges are applied within the BlockATM QR Pay system:
Service Charge Percentage: A service charge of 0.4% is applied to each transaction processed through BlockATM QR Pay. This percentage-based approach ensures that the fee is proportionate to the transaction amount, promoting fairness across all transaction sizes.
Minimum Service Charge: To cover the costs associated with small transactions, BlockATM QR Pay has set a minimum service charge of 3U. This means that for transactions where the 0.4% fee would be less than 3U, the minimum charge of 3U will apply.
Covered Services: The service charge applies to all transactions facilitated by BlockATM QR Pay, including payments made through QR codes and any other payment services offered by the platform.
No Charge for Failed Transactions: If a transaction fails for any reason, BlockATM QR Pay does not charge a service fee. This policy ensures that users are not penalized for unsuccessful transactions, adding an extra layer of financial protection.
Fee Adjustment Notification: Should the service charge structure ever change, BlockATM QR Pay will provide clear and timely notifications to all users. This commitment to communication ensures that users are always informed about any adjustments to the fee schedule.
Detailed Transaction Records: Users have access to detailed transaction records, allowing them to track their service charges easily. This transparency enables users to manage their finances effectively and understand the costs associated with their transactions.
BlockATM QR Pay's service charge structure is designed to be fair and reasonable, ensuring that the benefits of crypto payments are accessible to everyone. By maintaining a clear and competitive fee structure, BlockATM QR Pay continues to be a leading provider of secure and efficient digital payment solutions.
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