Landlords can choose which fees they want to cover. But by default no, a service fee will not be deducted from the rent amount that is owed. When your tenant pays their rent with a credit or debit card, the 2.99% service fee is charged on top of the rent amount you are owed. Same applies if they pay with a bank account, the $1.95 fee is charged on top of the rent amount that is owed.
If you want to learn how to cover fees for your tenants see this link.
If my tenant pays by credit card, do you deduct the service fee from the rent I receive?
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