Quick meaning
A small charge applied to certain types of payment transactions.
Think of it like this
Like a toll on a road — a small cost for using the payment infrastructure.
Where you may see this
You may see this in banking apps, checkout screens, delivery updates, and digital payment instructions.
Why it matters
Knowing the term helps you pay safely, understand what a screen is asking for, and avoid costly mistakes.
Say it simply
Transaction Fee means: A small charge applied to certain types of payment transactions.