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.