How does Wix handle processing fees for cryptocurrency payments?

3 answers

• S BinarJun 30, 2024 · a year ago
  Wix handles processing fees for cryptocurrency payments by charging a percentage fee on each transaction. The exact fee percentage may vary depending on the specific cryptocurrency used. This fee is automatically deducted from the total transaction amount before it is credited to the merchant's account. It's important to note that the processing fee is separate from any network fees associated with the cryptocurrency transaction itself. These network fees are determined by the blockchain network and are not controlled by Wix. Overall, Wix aims to provide a transparent and reliable payment processing system for cryptocurrency transactions.
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• Tushar ChaturvediNov 16, 2024 · a year ago
  When it comes to processing fees for cryptocurrency payments, Wix takes a percentage-based approach. This means that for every transaction made with a cryptocurrency, Wix charges a certain percentage of the total transaction amount as a fee. The exact percentage may vary depending on the specific cryptocurrency being used. It's worth noting that this processing fee is in addition to any network fees that may be associated with the cryptocurrency transaction. These network fees are determined by the blockchain network and are not controlled by Wix. By charging processing fees, Wix is able to cover the costs of providing a secure and reliable payment processing service for cryptocurrency transactions.
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• RajniOct 04, 2024 · a year ago
  Wix handles processing fees for cryptocurrency payments by charging a fee based on the total transaction amount. The fee percentage may vary depending on the specific cryptocurrency used. This fee is deducted from the total transaction amount before it is credited to the merchant's account. It's important to note that the processing fee is separate from any network fees associated with the cryptocurrency transaction itself. These network fees are determined by the blockchain network and are not controlled by Wix. By charging processing fees, Wix is able to maintain and improve its payment processing infrastructure, ensuring smooth and secure cryptocurrency transactions for its users.
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