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How does Banxa set the price of cryptocurrency?

Stephen .
Modified on: Wed, 24 Jan, 2024 at 2:59 PM

Banxa provides what you see is what you get quotations for end users. This price will cover everything from payment gateway fees, blockchain/network fees, Banxa fees, foreign exchange fees and tax. 


As an example, if the payment method specifies a fee of 4.5%, you would receive $955 USDT from $1000 of USD ($45 in total fees).


The customer will not be charged more during the checkout journey with Banxa from the initial price that they see on the quotations page. Other on-ramps may show a lower fee for payment gateways and network fees, giving the impression that it is cheaper, but would later mark up the quotation later in the checkout journey. We do not work this way.  


Additionally, we can create custom price arrangements and provide Banxa fee discounts for different volume ranges. 


Sections


Banxa fee structure summary

Fee / cost

Paid to

Description

Cost varies based on

Banxa fee

Banxa

Our margin which is included in the unit price for the transaction. 

The cost of each payment method

Payment gateway fees 

Payment provider 

Fees charged by payment services.  

 

Card (Visa/Mastercard and ApplePay)

Payment provider

 

 

Card (GooglePay)

Payment provider

 

 

Bank Transfer 

Free

Any payment method that is offered locally 

 

Network fee

Blockchain miners/validators

Cost of a single transaction 

Selected network and its current usage

Partner fee (optional)

Partner application

Partner commission when purchasing or selling crypto within their apps

Only charged by some, but not all, partners


Banxa pricing schedule for crypto Buy transactions 

Payment Method

Currency

Country

Banxa Fee - Lower 

Banxa Fee - Upper

Payment Gateway Fee

Time

Min Order Limit

Per Order Limit

Daily Per User Limit

Weekly Per User Limit

Monthly Per User Limit

Visa & MasterCard

USD

United States

2.00%

3.99%

1.99%

Instant

50 USD

18000 USD

18000 USD

75,000 USD

150,000 USD

Visa & MasterCard

EUR

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

1.50%

3.99%

1.99%

Instant

50 EUR

18,000 EUR

18,000 EUR

75,000 EUR

150,000 EUR

Visa & MasterCard

GBP

United Kingdom

1.50%

3.99%

1.99%

Instant

45 GBP

14,000 GBP

14,000 GBP

30,000 GBP

60,000 GBP

Visa & MasterCard

AUD

Australia

1.50%

3.99%

1.99%

Instant

75 AUD

15,000 AUD

30,000 AUD

90,000 AUD

100,000 AUD

Visa & MasterCard

CAD

Canada

1.50%

3.99%

1.99%

Instant

50 CAD

24,000 CAD

24,000 CAD

80,000 CAD

132,000 CAD

Visa & MasterCard

AED, ARS, BRL, CHF, CZK, DKK, HKD, IDR, INR, JPY, KRW, MYR, NOK, NZD, PHP, PLN, QAR, SAR, SEK, SGD, TRY, TWD, VND, ZAR

All countries

2.50%

6.49%

1.99%

Instant

Varies depending on currency

Varies depending on currency

Varies depending on currency

Varies depending on currency

Varies depending on currency

Apple Pay

USD

United States

2.00%

3.99%

1.99%

Instant

50 USD

15,000 USD

15,000 USD

60,000 USD

60,000 USD

Apple Pay

EUR

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

1.50%

3.99%

1.99%

Instant

50 EUR

14,000 EUR

14,000 EUR

30,000 EUR

60,000 EUR

Apple Pay

GBP

United Kingdom

1.50%

3.99%

1.99%

Instant

45 GBP

8,000 GBP

16,000 GBP

30,000 GBP

60,000 GBP

Apple Pay

AUD

Australia

1.50%

3.99%

1.99%

Instant

75 AUD

5,000 AUD

10,000 AUD

30,000 AUD

60,000 AUD

Apple Pay

CAD

Canada

1.50%

3.99%

1.99%

Instant

50 CAD

5,000 CAD

10,000 CAD

30,000 CAD

60,000 CAD

Apple Pay

AED, ARS, CHF, CZK, DKK, HKD, IDR, INR, JPY, KRW, MYR, NOK, NZD, PHP, PLN, QAR, SAR, SEK, SGD, TRY, TWD, VND, ZAR

All countries

2.50%

6.49%

1.99%

Instant

Varies depending on currency

Varies depending on currency

Varies depending on currency

Varies depending on currency

Varies depending on currency

Google Pay

USD

United States

3.99%

5.99%

0.00%

Instant

50

15,000

15,000

60,000

60,000

Google Pay

EUR

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

3.49%

5.99%

0.00%

Instant

50 EUR

14,000 EUR

14,000 EUR

30,000 EUR

60,000 EUR

Google Pay

GBP

United Kingdom

3.49%

5.99%

0.00%

Instant

45 GBP

14,000 GBP

16,000 GBP

30,000 GBP

60,000 GBP

Google Pay

AUD

Australia

3.49%

5.99%

0.00%

Instant

75 AUD

15,000 AUD

30,000 AUD

90,000 AUD

100,000 AUD

Google Pay

CAD

Canada

3.49%

5.99%

0.00%

Instant

50 CAD

15,000 CAD

30,000 CAD

90,000 CAD

100,000 CAD

Google Pay

AED, ARS, CHF, CZK, DKK, HKD, IDR, INR, JPY, KRW, MYR, NOK, NZD, PHP, PLN, QAR, SAR, SEK, SGD, TRY, TWD, VND, ZAR

All countries

4.49%

7.49%

0.00%

Instant

Varies depending on currency

Varies depending on currency

Varies depending on currency

Varies depending on currency

Varies depending on currency

iDEAL

EUR

Netherlands

0.99%

3.99%

0.00%

Instant

 50 EUR

30,000 EUR

30,000 EUR

70,000 EUR

150,000 EUR

SEPA (Instant)

EUR

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

0.99%

3.99%

$0

Instant

50 EUR

30,000 EUR

30,000 EUR

70,000 EUR

150,000 EUR

SEPA (Standard)

EUR

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

0.99%

3.99%

$0

1 business day

50 EUR

30,000 EUR

30,000 EUR

70,000 EUR

150,000 EUR

ACH (Instant)

USD

United States

0.99%

3.99%

$0

Instant

TBD

1,000 USD

TBD

TBD

TBD

ACH (Standard)

USD

United States

0.99%

3.99%

$0

5 business days

TBD

TBD

TBD

TBD

TBD

Interac

CAD

Canada

0.99%

3.99%

$0

Instant

65 CAD

12,000 CAD

12,000 CAD

30,000 CAD

70,000 CAD

Faster Payments

GBP

United Kingdom

0.99%

3.99%

$0

Instant

45 GBP

30,000 GBP

30,000 GBP

70,000 GBP

150,000 GBP

PayID

AUD

Australia

0.99%

3.99%

$0

Instant

75 AUD

50,000 AUD

50,000 AUD

70,000 AUD

120,000 AUD

POLi

AUD

Australia

0.99%

3.99%

$0

1 business day

75 AUD

50,000 AUD

50,000 AUD

200,000 AUD

500,000 AUD

PIX

BRL

Brazil

1.99%

3.99%

$0

Instant

25 BRL

25,000 BRL

25,000 BRL

100,000 BRL

200,000 BRL

South Africa Bank Transfer

ZAR

South Africa

5.99%

7.99%

$0

Instant

790 ZAR

79,000 ZAR

79,000 ZAR

316,000 ZAR

632,000 ZAR

SPEI

MXN

Mexico

1.99%

3.30%

$0

Instant

650 MXN

90000 MXN

90000 MXN

720000 MXN

720000 MXN

Khipu

CLP

Chile

7.00%

9%

$0

Instant

30000 CLP

6000000 CLP

6000000 CLP

60000000 CLP

60000000 CLP

PSE

COP

Colombia

7.00%

9%

$0

Instant

160000 COP

25000000 COP

25000000 COP

200000000 COP

200000000 COP



Banxa pricing schedule for crypto Sell transactions 


Payment Method

Currency

Country

Banxa Fee - Lower 

Banxa Fee - Upper

Payment Gateway Fee

Time

Min Order Limit

Per Order Limit

Daily Per User Limit

Weekly Per User Limit

Monthly Per User Limit

PayID / Osko / NPP (Bank Transfer)

AUD

Australia

3.99%

3.99%

$0

Up to 24hrs depending on bank and day of week

50 AUD

100,000 AUD

100,000 AUD

350,000 AUD

1,400,000 AUD

SEPA (Bank Transfer)

EUR

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

3.99%

3.99%

$0

Up to 24hrs depending on bank and day of week

30 EUR

50,000 EUR

50,000 EUR

100,000 EUR

200,000 EUR

Faster Payments (Bank Transfer)

GBP

United Kingdom

3.99%

3.99%

$0

Up to 24hrs depending on bank and day of week


30 GBP

50,000 GBP

50,000 GBP

100,000 GBP

200,000 GBP

ACH (Bank Transfer)

USD

United States

3.99%

3.99%

$0

Up to 24hrs depending on bank and day of week

20 USD

5,000 USD

5,000 USD

10,000 USD

10,000 USD

Interac (Bank Transfer)

CAD

Canada

3.99%

3.99%

$0

Up to 24hrs depending on bank and day of week


20 CAD

10,000 CAD

10,000 CAD

100,000 CAD

200,000 CAD

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