Simplex’s services can be split into two categories:
- 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!
- Payment processing: the fees are applied as per industry standard
For these reasons, our fee for processing a transaction to sell the cryptocurrency is 0.5% of the total amount, which is displayed at the checkout.
The fee also depends on the partners you are using to sell your cryptocurrency from; their additional fees may differ.
Please note that additionally the corresponding Blockchain fee might be charged, before sending your crypto, please make sure that the amount that will be sent will be equal to the transaction that was issued.