01.How Solana Fees Work
Solana charges a base fee of 0.000005 SOL (5,000 lamports) per signature on a transaction. At current SOL prices, this is approximately $0.001. Unlike Ethereum's gas model, Solana fees are predictable and don't fluctuate with network congestion.
02.SPLit Fee Breakdown
A typical SPLit settlement transaction costs: base fee (0.000005 SOL) + priority fee (optional, ~0.00001 SOL). If the recipient doesn't have a USDC token account, there's an additional one-time rent cost of ~0.00204 SOL to create the Associated Token Account (ATA).
03.Compared to Traditional Payment Apps
Venmo charges 1.75% for instant transfers ($1.75 on a $100 payment). Cash App charges 1.5% for instant cashout. Credit card networks charge merchants 2-3%. SPLit's $0.001 fee is roughly 1,750x cheaper than Venmo's instant transfer fee on a $100 payment.