Simplex services responsibilities are split into two parts:
- Fraud detection and mitigation: this special service allows merchants to sell cryptocurrencies online with their credit cards. Without our fraud-detection capabilities, online merchants wouldn’t be able to offer you the option of making purchases with your card. Fighting fraud is a non-stop and expensive business, so we do add fees for that too. We think that keeping the overall cryptocurrency ecosystem free from fraud is worth it!
- Card processing: the fees are applies as per industry standard
Because of these reasons our charge can range from 2.5% to 8% of the transaction depending on the volume of traffic (with a minimum of 10$) when purchasing with our partners. The fee also depends on the partners you are using to make your purchase, their additional fees may differ.When purchasing from Simplex directly the fee is 13%. (with a minimum fee of $10).