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What is a flat fee?

Flat dollars, often referred to as flat fees or flat rates, represent fixed dollar amounts in the context of service fees or commissions. These fees are a departure from percentage-based fees, where the fee’s size depends on the transaction’s value.

What is a flat dollar amount?

A flat dollar amount refers to a specific fixed sum of money that is set as a predetermined value. It is a straightforward and non-negotiable quantity, often used in various financial transactions and calculations. For example, if you purchase an item for $100, the flat dollar amount would be $100.

What is a flat amount?

A flat amount refers to a specific dollar amount that you want to have deposited directly into your account. For example, if you want $500 to be deposited each pay period, you would specify this as a flat amount. On the other hand, if you choose percent, the amount that is deposited into your account will be based on a percentage of your net pay.

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