Why did I receive $9.41 when the customer paid $10 through Wix Payments?

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Hi,

I’m trying to understand how Wix Payments charges fees.

I recently received a payment where a customer paid $10, but only $9.41 was deposited to my account. It looks like $0.59 was deducted in fees.

Could someone please explain:

  1. What fees were deducted from this payment?
  2. Does Wix Payments charge a fee on every transaction?
  3. Are there any monthly or yearly charges for using Wix Payments?
  4. Is the fee percentage the same for all transactions, or does it vary by payment method or country?
  5. Where can I see a detailed breakdown of the fees in my Wix account?

I would appreciate any clarification from users who have experience with Wix Payments.

Thank you!