Service Fees Explanation
The TN service fee is charged for the use of facilities and services, including maintaining roads and infrastructure. The $14.84 L2G fee is charged by the IRS processing company for using a credit card to pay taxes. Every Base transaction has an L2 execution fee and an L1 security fee. Gas fees are extra costs to use digital assets. Solutions are ordered by mainnet launch date with fee and maxTPS. Arbitrum’s total fee is calculated based on different factors.
Ethereum Transactions and Fees
Ethereum Layer 2 chains process transactions faster while taking lower fees. Base transactions incur L2 fees to process and L1 fees to anchor data. The L2 fee equals transaction gas price times L2 gas used.
Monthly Service Fee Clarification
A monthly maintenance fee is charged by a bank for working with them. Banks may waive the fee if you meet requirements. Understanding all fees and requirements avoids surprise charges. Property tax fees collected monthly with a mortgage payment and service fees on bills often lack details. Lease or title conditions detail service charge payment frequency.