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.
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.
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%).
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.
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%.
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.
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