As part of our long-standing collaboration with the Zypto Foundation (holders of $ZYPTO tokens), Zypto adds a portion of revenue generated from the products described in this article to a daily rewards pool.
Zypto Community Rewards Pool
Zypto charges different fees on different kinds of transactions. There are two types of fees:
Processing fees
Charged for processing crypto payments
Product fees
Charged on Zypto products
33% of processing fees will be used to fund the rewards pool.
33% of processing fees will be paid to the Zypto Foundation, currently earmarked for buyback and burn; to be permanently taken out of circulation.
Processing Fees
The processing fees charged to Zypto Pay customers (merchants and white label customers) are dependent on the monthly volume they process.
White Label tenants of Zypto Pay get a discounted rate, allowing them to upsell their processing fees to their customers.
Monthly volume | Processing fee | White label rate |
<$100,000 | 1.5% | 1% |
$100,000-$249,999 | 1.25% | 0.75% |
$250,000-$499,999 | 1% | 0.5% |
$500,000-$999,999 | 0.75% | 0.5% |
>$1m | 0.5% | 0.5% |
Product Fees
Product fees on Zypto Products are defined individually below in order to ensure sustainable operation:
Physical Card loads: 0.2%
Virtual Card purchases: 0.5%
Gift Card purchases: 0.1%
Bill Payments: 0.2%
On and off-ramping fees: TBC
Spot trading/swaps: TBC
Please note that the above quoted product and processing fees are subject to change in order to ensure the optimal balance between sustainability and an attractive rewards pool.
Reward Distribution
Rewards are distributed daily.
The distribution is amongst $Zypto Token holders that have registered their wallets in the Zyptopia / Rewards Hub sections of Zypto App.
Rewards are distributed proportionally, according to the % of a user's $Zypto holdings as compared to the total supply held in wallets that have been registered in Zyptopia / Rewards Hub.
How to Claim
Rewards must be claimed within 7 days of their issuance.
To do so, the user must visit the Zyptopia section of Zypto App and click on the CLAIM button.