Are there transaction fees when I pay for a hotel with USDC or USDT on trip1?
trip1 doesn't add a transaction fee for crypto payments. The only cost is the network gas fee, which is typically under 10 cents on Layer 2 networks. USDT is not currently supported.
Updated
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.
USDC and USDT Hotel Payment Fees - FAQ
No. trip1 adds no flat fee, percentage fee or processing surcharge for stablecoin payments. The hotel rate displayed at checkout is what trip1 charges. The only cost on top is the network gas fee charged by the blockchain, which your wallet deducts automatically.
Sending USDC costs a network fee, called gas, which every blockchain charges to process a transaction. Your wallet deducts it automatically when it broadcasts the payment. On trip1 that network fee is the only extra cost, because trip1 adds nothing for paying with USDC.
It depends on the network. On Polygon it is usually under 5 cents, on Arbitrum, Base or Optimism usually 5 to 10 cents, and on Ethereum mainnet typically a few dollars, higher during congestion. Choosing one of the cheaper networks at trip1 checkout keeps the cost to a few cents.
USDC is designed to stay at one US dollar. Circle, its issuer, says each USDC is backed by cash and cash-equivalent assets and is redeemable 1:1 for US dollars. Market prices can move by fractions of a cent, but a trip1 booking is priced so the USDC you send equals the dollar total.
The network fee goes to the blockchain's validators or sequencers, not to trip1. Your wallet deducts it automatically when it sends the payment, so the booking total you see at trip1 checkout stays the same.
trip1 does not charge a refund fee. The original network gas fee you paid to the blockchain is not recoverable, because it went to the network, not to trip1. How much of the booking value comes back depends on the hotel's cancellation policy.