Fun's Checkout allows you to send in a vast number of source tokens and receive back your target token on your target chain. To do this a little bit of magic occurs behind the scenes. Smart contracts are created, assets are bridged and/or swapped between chains and tokens, and a series of on- and off-chain logic computations are completed to ensure your funds are delivered securely and quickly.
What am I paying for?
When transacting with Checkout, the difference in the amount you send and the amount you receive pays for:
ITEM | PAYS FOR | TAKEN FROM |
Transfer Gas Cost | The gas cost of sending/transferring your source asset to our checkout pool | The native gas token of the chain the funds are sent on i.e. ETH, POL |
Market Maker (MM) Fee | Gas costs paid to cover the swapping, bridging, and smart contract deployments to get from your source asset and your target asset | Your source asset |
Liquidity Provider (LP) Fee | The costs incurred from holding and securing on-chain assets | Your source asset |
Exchange Processing Fee | Fees and gas to pay our exchange connector provider, the exchanges funds are withdrawn from, and any gas fees associated with them | Your source asset |
Card Processing Fee | Operational and on-chain fees associated our fiat on-ramp provider including their fees, AML/KYC costs, and gas costs | Fiat method used i.e. card |
Where can I see what I'll pay?
For any checkouts where the payment method selected is Wallet, Exchange, or Card, you'll be able see a breakdown of the fees in the Transaction breakdown section of the quote page:
If using a wallet such as Metamask to checkout, you'll see the Transfer Gas Fees broken out:
Direct Deposit users cannot currently get an accurate view of their expected fees ahead of the settled transaction as Checkout will not know how much you are planning to send. We suggest using the Wallet or Exchange payment methods to estimate the expected cost of a transfer.