Difference between Service Fee and Withdrawal Fee

Service Fee: This is a fee charged on each transaction processed through our platform, such as when a customer makes a payment to your business. It covers the cost of providing and maintaining the payment processing service.

Withdrawal Fee: A fee applied when transferring funds from your account to an external wallet. This fee covers blockchain network costs — paid to miners who confirm transactions.

In a nutshell, the service fee is related to incoming payments, while the withdrawal fee applies when sending funds out of your account.