A fee on which amount?
Training 2075 minutesfee calculation
You want to transfer $100. One service adds $2; another withholds 2% from the amount. Similar numbers, different results.
Training goal: Separate sent, charged and received amounts
▶ Play this trainingSituation
1. Round 1. Recipient gets $100, with $2 charged on top. Total debit?
- $102
- $98
- $100
2. Round 2. You send $100 with 2% withheld. Recipient gets?
- $100
- $102
- $98
3. Round 3. You send $200 with a fixed $2 withheld. Effective percentage?
- 4%
- 1%
- 2%
4. Round 4. Before confirmation, the recipient total is below your calculation.
- Check every line before sending
- Confirm because the percentage is small
- Compare only the advertised fee
What you will learn
- Added fees differ from withheld fees
- A fixed fee changes its effective share
- Check the recipient amount
Your real-life step
In one transfer, identify total debit, fee and recipient amount.
Questions and answers
Do equal percentages give equal results?
Only with the same base and other terms.
Does a stated zero fee mean no cost?
Not necessarily: check totals and other terms, including exchange rates.
Which amount matters most?
Compare total cost for the same recipient outcome.
More trainings in this module
- A percentage round trip
- The last affordable bid
- A positive month, a cash-short Tuesday
- Can the reserve take another hit?
- Prices in different units
- A stall breaks even
Numbers are illustrative. A game, not financial advice.