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It is relatively common practice for the payment processing industry specifically and business in general for the recipient of a transfer to cover the fees. Recipients are often businesses, and customers hate whenever the final price that they need to pay is more than the price shown (because the payment would be price + transfer fee).
In cryptocurrency, this would mean the customer sending the transfer with the "subtract fee from transfer amount" option enabled. Bitcoin, after all, has the "subtractfeefrom" option when sending a transfer, precisely for this purpose.
Currently, the only way one can send a transfer with the fee deducted from the transfer amount is through using the sweep commands.
The normal transfer command should include an option that allows you to deduct the fee from the transferred amount automatically.
The text was updated successfully, but these errors were encountered:
It is relatively common practice for the payment processing industry specifically and business in general for the recipient of a transfer to cover the fees. Recipients are often businesses, and customers hate whenever the final price that they need to pay is more than the price shown (because the payment would be price + transfer fee).
In cryptocurrency, this would mean the customer sending the transfer with the "subtract fee from transfer amount" option enabled. Bitcoin, after all, has the "subtractfeefrom" option when sending a transfer, precisely for this purpose.
Currently, the only way one can send a transfer with the fee deducted from the transfer amount is through using the sweep commands.
The normal transfer command should include an option that allows you to deduct the fee from the transferred amount automatically.
The text was updated successfully, but these errors were encountered: