# Lowest Fees

## Introduction

SimplePay sets a new standard in payment processing by offering the lowest transaction fee of just **0.4% per successful transaction**. Our innovative non-custodial, peer-to-peer (P2P) payment protocol minimizes intermediary costs, allowing merchants to retain more of their hard-earned revenue. Let’s break down how this works and why our fee structure benefits you.

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## Why SimplePay Offers the Lowest Fees

### **Non-Custodial, P2P Transactions**

Our payment system eliminates the need for intermediaries. By leveraging blockchain technology, all payments are processed directly between customers and merchants, which means:

* **No third-party involvement:** Reduces operational overhead.
* **Blockchain-based security:** Ensures trust and transparency.
* **Efficient processing:** Minimizes additional costs tied to custodial systems.

> **Key Advantage:** Without intermediaries, we can focus on providing merchants with the lowest possible fees while maintaining top-tier security.

### **Efficient Protocol Design**

Our system is designed to maximize efficiency:

* **Direct Settlements:** Payments are routed directly to your wallet.
* **Simplified Infrastructure:** Streamlined architecture reduces unnecessary costs.
* **Fixed Fee Structure:** No hidden charges or additional service fees.

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## How We Collect Fees

### **Pay-As-You-Go Model**

SimplePay operates on a flexible and transparent **pay-as-you-go** model:

* **Only pay for successful transactions:** No upfront fees or fixed monthly costs.
* **Transparent billing:** Fees are calculated based on transaction volume and applied only to completed payments.

### **Monthly Billing Cycle**

We bill merchants on a monthly basis, ensuring a hassle-free experience:

* **Billing Date:** Fees are collected on the **1st of each month**.
* **Invoice Details:**
  * Includes a breakdown of successful transactions from the previous month.
  * Accessible via the merchant dashboard for full transparency.

> **Example:** If you processed $10,000 in payments in a month, your fee would be **$40 (0.4%)**.

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## Key Benefits

### **For Merchants**

* **Cost-Effective:** Save more with a low 0.4% fee.
* **Scalable:** Perfect for businesses of all sizes, from small startups to large enterprises.
* **No Upfront Commitments:** Pay only for what you use.

### **For Customers**

* **Better Pricing:** Merchants can pass savings on to their customers.
* **Transparent Transactions:** Blockchain ensures clarity and trust.

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## Interactive Breakdown

| **Transaction Volume** | **Fee (0.4%)** |
| ---------------------- | -------------- |
| $1,000                 | $4.00          |
| $10,000                | $40.00         |
| $100,000               | $400.00        |

> The more you process, the more you save compared to traditional payment systems charging 2-3%.

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### Glossary

* **Non-Custodial:** A system where funds are not held by third parties, ensuring direct ownership and control.
* **P2P (Peer-to-Peer):** Direct transactions between two parties without intermediaries.
* **Pay-As-You-Go:** A flexible billing model based on usage, with no upfront costs.