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A transaction fee is a fee charged by your payment gateway for each transaction. For example if Stripe charges you 2.9% + .30 USD on every transaction, that fee is the transaction fee.
Open Payout will automatically add transaction fees to your payouts when your shop data provides them. If your shop doesn't provide transaction fees for some gateways, Open Payout can calculate them if you manually enter the fee structure
First click the settings cog next to your store name on the dashboard:
Then choose the payment gateway and you will see the following form: (If you don't see the form it means that your shop is providing the fee data automatically for this gateway)
Because your payment gateway might change its fees from time to time, you need to provide a date when the fee is active from.
After you've set your fees, click the 'Fully refetch data' button to apply your settings