Speir Tokens
Speir Tokens consistently maintain their value at USD 1 per Speir Token, providing crucial predictability in the often volatile market. Notably, all deposits in Speir Tokens are securely held in USA FDIC Insured Banks or banks in the country that they were purchased in, ensuring a high level of safety for users' funds.
Furthermore, your Speir Tokens are conveniently managed through your Speir Token Wallet in your account dashboard. They can be used across various Speir News and Entertainment Platform Marketplace merchants that accept Speir Tokens. Additionally, you can request a Speir Token cash withdrawal, which can be conveniently deposited onto your linked SpeirPass Debit Card or other bank debit cards for enhanced accessibility.
Speir Tokens function similarly to a gift card, offering a secure and predictable value for transactions within the Speir ecosystem.
Speir Tokens are managed in your Speir News and Entertainment Wallet in your account settings.Speir Token Cash Deposit or Withdrawal using your SpeirPass Debit Card Product Description
Speir Token Cash Deposit or Withdrawal using your
SpeirPass Debit Card
The Speir Token Cash Deposit or Withdrawal feature allows users to effortlessly manage their funds by depositing or withdrawing cash directly onto their linked SpeirPass Debit Card or any other bank debit card. With over 5,000 kiosk locations across the USA, accessing your funds has never been easier. The SpeirPass Debit Card can be used at various merchants, including retailers, restaurants, and nightclubs, offering a seamless and versatile payment solution.
Compared to competitors like Cash App, which charges fees for instant transfers and out-of-network ATM withdrawals, Speir Tokens provide a flat fee of 1.5% + $0.10 per transaction, alongside Unlimited Subscription and Invoicing and a minimal $5.00 chargeback fee. This competitive pricing structure makes Speir Tokens a cost-effective and convenient choice for managing and accessing your funds anytime, anywhere.
Speir Tokens Payment Gateway: The Preferred Choice for Merchants
• Transaction Fees: Speir Tokens stand out with a much lower transaction fee of 1.5% + $0.10 per transaction. This flat rate is significantly lower than both PayPal and Stripe, making it a cost-effective choice for businesses.
• Subscription and Invoicing: Unlike PayPal and Stripe, which may charge additional fees for invoicing and subscriptions, Speir Tokens offer Unlimited Subscription and Invoicing at no extra cost.
• Chargebacks: Speir Tokens have a minimal chargeback fee of $5.00, which is substantially lower than PayPal's $20 fee and Stripe's $15 fee.
• ACH Payments: Speir Tokens do not currently support ACH payments.
• Cross-Border and Currency Conversion Fees: Speir Tokens maintain a competitive edge with a flat 1% fee for cross-border transactions and currency conversion.
• In-Person Transactions: Speir Tokens are accepted at over 5,000 kiosk locations across the USA, providing extensive in-person transaction capabilities that are both accessible and convenient.
Speir Tokens Payment Gateway: Competitors
PayPal
• Online Transactions: PayPal charges between 2.59% to 3.49% + $0.49 per transaction for online payments. The exact fee depends on the type of transaction and whether it involves cross-border payments.
• In-Person Transactions: Using PayPal Zettle, merchants are charged 2.29% + $0.09 per transaction.
• Recurring Billing: PayPal charges 2.9% + $0.49 per transaction, with additional fees for invoicing.
• Subscription Plans: PayPal offers two paid plans—Payments Advanced at $5/month and Payments Pro at $30/month. These plans include additional features like a virtual terminal and customizable checkout experiences.
• Chargebacks: PayPal charges $20 per chargeback.
• Cross-Border Fees: There is a 1.5% fee for cross-border transactions and a 3%-4% fee for currency conversion.
• Virtual Terminal: Available at 3.09% + $0.49 per transaction, plus $30/month (Merchant Maverick) (Automate your work today | Zapier).
Stripe
• Online Transactions: Stripe charges a flat rate of 2.9% + $0.30 per successful transaction for domestic cards.
• In-Person Transactions: For in-person payments via Stripe Terminal, the fee is 2.7% + $0.05 per transaction.
• ACH Payments: Stripe charges 0.8% per transaction, capped at $5, for ACH direct debits.
• Subscription and Invoicing: Stripe allows invoicing for up to 25 customers for free, with a 0.4%-0.5% fee per paid invoice beyond that. There are no monthly fees for basic services, but additional features like tax computation and 3D Secure authentication have small per-transaction fees.
• Chargebacks: Stripe charges $15 per chargeback.
• Cross-Border and Currency Conversion Fees: Stripe charges 1% for cross-border transactions and an additional 1.5% for currency conversion (Host Merchant Services) (Stripe).
Key Differences
• Subscription Costs: Stripe has no monthly fees for most features, whereas PayPal offers premium plans with monthly costs.
• Customization: Stripe provides extensive customization options, especially suited for businesses that require tailored solutions. PayPal, on the other hand, is easier to set up for non-technical users but charges extra for advanced features.
• International Support: Stripe supports over 135 currencies, making it more suitable for international transactions, compared to PayPal's support for 25 currencies.
Other Payment Gateways
There are various other payment gateways with their own fee structures. Generally, they tend to follow similar pricing models with slight variations based on specific services offered, such as lower fees for specific transaction types or different international fees.
For most e-commerce merchants, especially those processing higher volumes, Stripe generally offers lower transaction fees compared to PayPal, though the best choice depends on specific business needs, including the necessity for in-person transactions, international support, and customization options.
