transaction fee vs commission fee

Both 'transaction fee' and 'commission fee' are correct phrases used in financial contexts. They refer to fees charged for different types of services or transactions. The choice between them depends on the specific context and the type of fee being charged.

Last updated: April 14, 2024 • 92 views

This phrase is correct and commonly used in financial contexts to refer to a fee charged for a transaction.

"transaction fee"

Use 'transaction fee' when referring to a fee charged for a specific financial transaction, such as a purchase, transfer, or withdrawal.

Examples:

There is a $5 transaction fee for each withdrawal from this ATM.
The online payment system charges a small transaction fee for each purchase.
Make sure to check the transaction fees before making any trades.
The bank charges a transaction fee for wire transfers.
The credit card company imposes a transaction fee for foreign currency transactions.

Show examples from the web [+]

The transaction fee reporting requirements are based on whether or not a vendor is awarded a DMS state term contract (STC) or alternate contract source ...
A transaction fee is a charge that a business has to pay every time it processes a customer's electronic payment.
A per-transaction fee is an expense a business must pay each time it processes an electronic payment for a customer transaction. Learn how these fees work.
Dec 19, 2018 ... The pilot is designed to generate data that will help the Commission analyze the effects of exchange transaction fee and rebate pricing ...
Jul 1, 2022 ... A new fee on parking meter transactions is starting this summer. This transaction fee was designed in alignment with the recommendations ...
All stock and ETF sales are subject to a securities transaction fee. Account service fees may also apply. You must buy and sell Vanguard ETF Shares through ...
An example of a transaction fee. Terms may vary, but a typical account might charge a small fixed fee of 20-30 cents per credit card payment, along with a ...
The transaction fee is automatically deducted from each donation. It covers the costs of credit and debit charges, safely delivering donations, and helps us ...
A foreign transaction fee is a surcharge for credit and debit card purchases made abroad. Learn how it works.

Alternatives:

processing fee
service fee
handling fee
convenience fee
administrative fee

This phrase is also correct and commonly used in financial contexts to refer to a fee charged for services rendered, such as brokerage services.

"commission fee"

Use 'commission fee' when referring to a fee charged for services provided, such as brokerage services, real estate transactions, or sales commissions.

Examples:

The real estate agent charges a commission fee for selling the property.
The brokerage firm imposes a commission fee for stock trades.
Artists often pay a commission fee to galleries for selling their work.
The consultant's commission fee is based on a percentage of the total project cost.
The auction house charges a commission fee for each item sold.

Show examples from the web [+]

Jan 26, 2023 ... buyer commission. Sellers sign a listing agreement with a Realtor in which they agree to pay a commission fee after the transaction closes. If ...
Apr 27, 2021 ... DoorDash's three-tiered pricing plan. SOURCE: DoorDash. Basic, Plus, Premier. Delivery commission fee, 15%, 25%, 30%.
Mar 14, 2022 ... How to include brokerage commission fee in cost basis in RSU sale. I used the RSU workflow to calculate my gains from my sold RSUs.
What's included in the commission fee and new customer fee? What you pay on commission enables us to run a great marketplace that makes it easy for ...
Jul 6, 2021 ... Delivery platforms (e.g., DoorDash) charge restaurants a commission fee, which can be as high as 30% per order. To support small businesses ...
Apr 13, 2023 ... Ridiculous commission fee updates (DEGIRO NL). DISCUSSION: DEGIRO RELATED. Hey everyone Today I got a message on the app saying the fees ...

Alternatives:

brokerage fee
sales commission
agent fee
finder's fee
professional fee

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transaction fee vs commission fee

"transaction fee"

"commission fee"

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