Simplex is a licensed financial institution that provides an online fraud-free payment processing solution. Simplex enables merchants worldwide to accept diverse payment methods, including credit card deposits and purchases, with zero exposure to chargeback risk. The company also operates a secure escrow service for large fiat-to-crypto transactions.
Simplex’s AI technology analyzes every transaction using proprietary, fully automated, machine-learning algorithms that eliminate fraud while increasing conversion. By combining advanced payment processing with state-of-the-art fraud prevention technology, Simplex allows crypto merchants to introduce credit card purchasing to mainstream users worldwide. In addition to enhancing business growth, this combined solution significantly decreases the percentage of false declined transactions, which ultimately leads to an increase in conversions and complete peace of mind.
As an active force in the crypto industry, Simplex identified the need to simplify the purchasing process for mainstream users, giving them a familiar e-commerce experience. Working with the largest crypto platforms and processing billions of dollars annually, Simplex has become the new industry standard. Founded in 2014 and initially operating in the crypto ecosystem, Simplex has expanded its services to the e-commerce industry and other verticals.
