What is the cost of using Coinbase Commerce for accepting payments?
Normand WilliamsJan 15, 2025 · 10 months ago3 answers
Can you provide a detailed explanation of the cost associated with using Coinbase Commerce for accepting payments? I would like to understand the fees, charges, and any other expenses involved in using this service.
3 answers
- hongjie jingDec 07, 2023 · 2 years agoUsing Coinbase Commerce for accepting payments incurs certain costs. When you receive a payment, Coinbase Commerce charges a transaction fee of 1% for cryptocurrency transactions. This fee is deducted from the total payment amount. Additionally, if you choose to convert your cryptocurrency payments to fiat currency, Coinbase Commerce charges a conversion fee of 2%. It's important to consider these fees when deciding to use Coinbase Commerce for accepting payments.
- TrickApr 14, 2025 · 7 months agoThe cost of using Coinbase Commerce for accepting payments primarily consists of transaction fees. For cryptocurrency transactions, Coinbase Commerce charges a fee of 1% on the total payment amount. This fee is deducted automatically when you receive a payment. If you decide to convert your cryptocurrency payments to fiat currency, Coinbase Commerce charges an additional conversion fee of 2%. It's essential to factor in these fees when evaluating the cost-effectiveness of using Coinbase Commerce for accepting payments.
- ShashikumarNov 27, 2022 · 3 years agoWhen it comes to the cost of using Coinbase Commerce for accepting payments, it's important to consider the transaction fees involved. For cryptocurrency transactions, Coinbase Commerce charges a fee of 1% on the total payment amount. This fee is deducted from the payment received. If you opt to convert your cryptocurrency payments to fiat currency, Coinbase Commerce charges a conversion fee of 2%. These fees should be taken into account when assessing the overall cost of using Coinbase Commerce for accepting payments. Please note that other expenses, such as network fees, may also apply depending on the specific cryptocurrency used.
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