👉 Fee ion typically refers to the cost associated with using a particular service, such as payment processing fees charged by banks or payment gateways, transaction fees levied by online marketplaces, or subscription charges for software and services. These fees can be expressed as a percentage of the transaction amount or a flat fee per transaction. For instance, a payment processor might charge a 2.5% transaction fee, while an online marketplace could deduct a small percentage to cover operational costs. Understanding these fees is crucial for businesses and consumers alike, as they directly impact profit margins and user experience.
