1. What is the applicable fee when I use Binance Pay “Send Cash” (P2P option)?
From 24 July 2023, fixed transaction fees will apply when you use the Binance Pay "Send Cash" feature (P2P option only) based on the table below, for specific regions:
| Single Transaction Amount (USD) | Transaction Fee Amount (USD) |
| Less than 100 USD | $0.5 |
| 100 USD or more | $1 |
All applicable fees (or fee waivers) and the related exchange rates will be shown to you for your review and approval before any transaction is made.
Please note the transaction fees mentioned above will be calculated based on your real-time transaction details. They will also be displayed in your payment currency after conversion using the real-time exchange rate.
2. Will the transaction fee be refunded if the payment fails? How will I receive the refund?
In case of a failed payment transaction, both the payment amount and transaction fee will be refunded to your Funding Wallet as cryptocurrency.