Are there transaction fees when I pay for a hotel with USDC or USDT on trip1?

In short

• trip1 doesn't add a transaction fee for crypto payments - the only cost is the network gas fee charged by the blockchain.
• USDC on Polygon, Arbitrum, Base, or Optimism typically costs less than 10 cents in network fees.
• trip1 currently accepts USDC, not USDT - so the fees you'll actually see depend on the USDC network you choose.

Network fees explained

Every blockchain charges a small fee (called gas) to process a transaction. Your wallet deducts the fee automatically when it broadcasts the payment. trip1 doesn't collect any portion of this fee - it goes to network validators or sequencers.

Typical USDC fees by network:

• Polygon - usually under 5 cents
• Arbitrum, Base, Optimism - usually 5-10 cents
• Ethereum mainnet - typically a few dollars, higher during congestion

trip1's fee policy

trip1 doesn't add a flat fee, percentage fee, or processing surcharge for stablecoin payments. The hotel rate displayed at checkout is what trip1 charges.

If a booking is canceled and refunded, trip1 doesn't charge a refund fee either - though the original network gas fee paid to the blockchain isn't recoverable.

Note on USDT

USDT is not currently a supported payment method on trip1. If you only hold USDT, swap it for USDC on an exchange or decentralized swap app, then pay with USDC on a supported network.