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▶ Fiat Limits

Ryen
  • Updated

▶ What is the fee for a fiat transaction?

Mercuryo:

Service provider Mercuryo charges 3.95% when you buy crypto using your card. Handling fee is included in the final price. You can see the amount of fee charged by Mercuryo on the transaction.

  1. Starting April 27, 2022, proof of identity is required for purchases over 900 EUR in total. This does not apply to US, Russian, or Belarusian citizens.
  2. All USDT purchases will use ERC-20. The third-party provider will deduct the gas fees from the transaction.
Fee structure (card)
 Deposit fee 3.95%
Other fees N/A

RAMP:

Service provider RAMP provides lower fee on the additional amount above 2,500 EUR

  Manual bank transfer Easy bank transfer Card transaction
Minimum fee 2.49 EUR 2.49 EUR 2.49 EUR
Under 2,500 EUR 0.99% 1.99% 2.90%
Additional amount over 2,500 EUR 0.49% 1.49% 2.90%

RAMP also applies an additional network processing fee for using ERC-20 (transfer USDT to cover blockchain transaction costs).

Note: Please refer to the service provider’s latest announcement for the most accurate fee.

 

▶ What is the limit per onramp transaction? 

Mercuryo:

Daily / weekly / monthly limit per account Number of card transactions per day/month
Transaction limit per card per month
10,000 / 25,000 / 25,000 EUR 15/100 Times 25,000 EUR

Note: 

  1. The daily limit is counted not by calendar day (date change), but by a period of record of 24 hours from purchasing.
  2. The monthly limit is not counted by calendar month (month change), but by a period of record of 31 days from purchasing.
Cryptocurrency Minimum limit per transaction
Maximum limit per transaction
USDT
  • 10 EUR
  • 12 USD
  • 9 GBP
  • 760,457 VND
  • 3,890 JPY
  • 4,000 EUR
    4,700 USD
    3,400 GBP
    101,394,170 VND
    578,537 JPY

Users can visit Mercuryo fees and limits for details. The limits change from time to time. Please check the most recent data from the Buy Crypto page. The purchase limit will be indicated in the amount input box.

RAMP:

Global card limits 24 Hours 31 Days
Basic identifying information, including full legal name €100 N/A
Connect bank via API €200 €2,000
Proof of address €5,000 €20,000
Identification document, and source of income €20,000 €75,000

 

Global bank transfer limits 24 Hours 31 Days
Basic ID information, including full legal name €250 N/A
Connect bank via API €750 €5,000
Proof of address €10,000 €20,000
Identification document, and source of income €20,000 €75,000

There’s no minimum limit per transaction on RAMP, but the minimum fee per transaction is 2.49 EUR.

Note: Please refer to the service provider’s latest announcement for the most accurate limit.

 

▶  What kind of payment methods are accepted?

Mercuryo:

Service provider Mercuryo accepts ONLY Visa and MasterCard: virtual, debit, and credit cards. Mercuryo holds and immediately releases 1 EUR to check if your bank card is valid.

Note:

  1. Some issuer banks have their own terms regarding where and when their cards can be used and may decline the charge on their side. If you encounter this, please contact your bank support.
  2. Some issuer banks might charge extra fees when you use credit cards. Please, contact your bank support and ask them if they charge extra fees for transactions with MCC 6051 (merchant category code).

RAMP:

The service provider RAMP accepts 

    • Visa and MasterCard: virtual, debit, and credit cards
    • Bank Transfer(SEPA): Includes Digital Banks such as Revolut
    • Apple Pay

Note:

  1. Some issuer banks have their own terms regarding where and when their cards can be used and may decline the charge on their side. If you encounter this, please contact your bank support.
  2. Some issuer banks might charge extra fees when you use credit cards. Please, contact your bank support and ask them if they charge extra fees for transactions with MCC 6051 (merchant category code).

 

▶ What are the supported currencies of Fiat and Cryptos?

Mercuryo:

Fiats Cryptos
USD, EUR, GBP, VND, JPY, BRL USDT(ERC-20)

 

Ramp:

Fiats Cryptos
USD, EUR, GBP USDT(ERC-20)

 

▶  Unsupported countries of fiat services 

According to the regulatory considerations and internal assessment, we do not open the fiat services for specific countries of users.

  1. Unsupported Countries List on WOO X
  2. Netherlands (Fiat unsupported Only)

Kindly note that fiat services can not be used in these countries based on third-party rules. Please see the reference for Mecuryo and RAMP.

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