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Swipe is excited to announce that starting Monday, August 17th at 00:00 UTC, Swipe Wallet and Swipe Card users will no longer pay any fees to buy, sell, and pay with crypto. With this announcement users can purchase, sell and convert cryptocurrencies to and from fiat currencies without the previous 1% fee. Swipe cardholders will also enjoy waived membership fees so now all cards are free including shipping (Staking still applies for higher tier cards).
Previously users would pay a 1% fee when buying and selling cryptocurrencies with fiat currencies and a1% when converting and spending them on the Swipe Visa Card. With the removal of these fees users can enjoy a zero commission based experience on the Swipe Wallet.
Joselito Lizarondo, Swipe CEO, said, “Swipe strives to progress towards becoming the leader in the cryptocurrency payments space, and part of this is lowering the cost of entry. By removing fees, we envision massive growth potential for Swipe bringing new and existing crypto users to our platform.”
Credit Card fees still apply as these fees are passed from our processors.