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-detecting capabilities, online merchants wouldn’t be able to offer you the option of making purchases with your credit 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!
- Credit card processing: the fees for this are very standard for the industry.
Because of these reasons our charge can range from 5% of the transaction and down depending on the volume of traffic (with a minimum of 10$).
However, depending on which of our partners you are using to make your purchase, their additional fees may differ.