Can I write off online payment gateway fees?
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Online payment gateway fees can be deducted as a business expense if they are ordinary and necessary for your trade or business. These fees are considered part of the cost of doing business, similar to other merchant fees. For example, if you run an e-commerce store and use a service like PayPal or Stripe to process payments, the fees charged by these services can be deducted. However, if the fees are incurred for personal transactions, they are not deductible.