Making sense of the Spread
When you buy, sell, or swap crypto through Pay It Now, you’ll notice that we don’t charge traditional trading or Forex fees.
Instead, a small spread applies, and that’s the only cost you’ll ever pay when converting assets on our Network.
Making sense of the Spread
When you buy, sell, or swap crypto through Pay It Now, you’ll notice that we don’t charge traditional trading or Forex fees.
Instead, a small spread applies and that’s the only cost you’ll ever pay when converting assets on our Network.
What Is a Spread?
A spread is the difference between the buy price and sell price of an asset
When you exchange assets in the app, Pay It Now quotes a buy price and a sell price. The difference between these quoted prices is the spread, which is built into the exchange rate shown to you in app
Unlike many platforms that layer on multiple fees, Pay It Now does not charge separate trading, service, or Forex fees on top of the quoted rate
No add-ons. No surprises.
The spread is applied whenever an exchange between assets occurs, such as:
Buying crypto (e.g., converting NZD or AUD into BTC or USDC)
Selling crypto (e.g., converting BTC back to NZD or AUD to withdraw to your bank account)
Swapping crypto to crypto (e.g., BTC → USDC)
Spending (At a merchant or within our SHOP menu e.g Buying a Giftcard or Pre-paid Debit card)
Topping up your Web3 Mastercard (crypto converted to USDC)
Essentially, any time a conversion happens from traditional currency to crypto or between digital assets on our network, the quoted rate shown in app will include the applicable spread. See our fees page full details
How We Calculate the Spread
Our pricing is based on live market data. Pay It Now sources real-time rates from leading market providers and continuously monitors several of the world’s major exchanges.
This ensures our buy and sell prices quoted in-app remain competitive
Because we operate on our own Layer-2 network, our spreads remain small as we don’t rely on external intermediaries or inflated mark-ups.
When the Spread Applies
What Is a Spread?
A spread is the difference between the buy price and sell price of an asset
When you exchange assets in the app, Pay It Now quotes a buy price and a sell price. The difference between these quoted prices is the spread, which is built into the exchange rate shown to you in app
Unlike many platforms that layer on multiple fees, Pay It Now does not charge separate trading, service, or Forex fees on top of the quoted rate
No add-ons. No surprises.
How We Calculate the Spread
Our pricing is based on live market data. Pay It Now sources real-time rates from leading market providers and continuously monitors several of the world’s major exchanges
This ensures our buy and sell prices quoted in-app remain competitive
Because we operate on our own Layer-2 network, our spreads remain small as we don’t rely on external intermediaries or inflated mark-ups.
When the Spread Applies
The spread is applied whenever an exchange between assets occurs, such as:
Buying crypto (e.g., converting NZD or AUD into BTC or USDC)
Selling crypto (e.g., converting BTC back to NZD or AUD to withdraw to your bank account)
Swapping crypto to crypto (e.g., BTC → USDC)
Spending (At a merchant or within our SHOP menu e.g Buying a Giftcard or Pre-paid Debit card)
Topping up your Web3 Mastercard (crypto converted to USDC)
Essentially, any time a conversion happens from traditional currency to crypto or between digital assets on our network, the quoted rate shown in app will include the applicable spread.
See our fees page full details
One Simple Cost. Easy to Understand.
Think of it like this: when booking a flight, rental car, or concert ticket, most service providers add-on unavoidable extra fees at the checkout.
At Pay It Now, our spread is upfront and all-inclusive. You shouldn’t need a calculator or a math degree to work out what you’re paying. That’s not how simple should feel.
Example: A Typical Trade on the PIN Network
Scenario 1 — Buy Crypto
Top-up method: Manual bank deposit (NZD)
Action: Buy BTC
Fee: Only the spread
NO FEE
NZD Bank Transfer
PAY ONLY THE SPREAD
Buy BTC
Deposited to your
PIN Account
You deposit $100 NZD into your Pay It Now account and buy Bitcoin.
You’ll pay a small spread to convert your NZD into BTC. For example, you might receive $98 NZD worth of BTC in your app wallet.
Your total cost of conversion = $2 spread.
(This is only an example. Actual spreads vary depending on market rates, liquidity, and network activity.)
Example: A Typical Trade on the PIN Network
Scenario 1 — Buy Crypto
Top-up method: Manual bank deposit (NZD)
Action: Buy BTC
Fee: Only the spread
NO FEE
NZD Bank Transfer
PAY ONLY THE SPREAD
Buy BTC
Deposited to your
PIN Account
You deposit $100 NZD into your Pay It Now account and buy Bitcoin.
You’ll pay a small spread to convert your NZD into BTC. For example, you might receive $98 NZD worth of BTC in your app wallet.
Your total cost of conversion = $2 spread.
(This is only an example. Actual spreads vary depending on market rates, liquidity, and network activity.)
Scenario 2 — Buy + Unbridge to External Wallet
Top-up method: Manual bank deposit (NZD)
Action: Buy BTC and unbridge to your own wallet
Fees: Spread + Unbridge Fee + External Network Fee
NO FEE
NZD Bank Transfer
PAY ONLY THE SPREAD
Buy BTC
Unbridge Fee
Withdraw to external wallet
Network Fee
Charged by external network
You buy $100 NZD worth of BTC. You’ll pay the $2 spread, then a small unbridge fee (for transferring assets off-network), and finally the Layer-1 blockchain gas fee which goes to the external network, not Pay It Now.
Example breakdown:
$100 → ($2 spread) = $98 → ($0.98 unbridge fee) = $97.02 BTC → (Network Fee)
External network fee (varies depending on congestion and gas prices).
Scenario 2 — Buy + Unbridge to External Wallet
Top-up method: Manual bank deposit (NZD)
Action: Buy BTC and unbridge to your own wallet
Fees: Spread + Unbridge Fee + External Network Fee
NO FEE
NZD Bank Transfer
PAY ONLY THE SPREAD
Buy BTC
Unbridge Fee
Withdraw to external wallet
Network Fee
Charged by external network
You buy $100 NZD worth of BTC. You’ll pay the $2 spread, then a small unbridge fee (for transferring assets off-network), and finally the Layer-1 blockchain gas fee which goes to the external network, not Pay It Now.
Example breakdown:
$100 → ($2 spread) = $98 → ($0.98 unbridge fee) = $97.02 BTC → (Network Fee)
External network fee (varies depending on congestion and gas prices).
The Layer-2 Advantage
In Summary:
• Pay It Now quotes a buy and sell price for asset conversions, with the difference representing the spread built into the exchange rate shown in app.
• No separate trading, Forex, or service fees are added on top.
• Pricing is simple and easy to understand.
• Any additional costs such as blockchain network fees may apply and are charged by external networks, not by Pay It Now.
Fair pricing is part of our design.
That’s why we keep our pricing clear and straightforward, so Kiwis and Aussies can use crypto with confidence.
View all current rates and fees
Disclaimer: This information is for general guidance only and does not constitute financial advice. Rates shown in the app include the applicable spread and may change at any time based on market conditions and liquidity. The applicable rate will be shown to you before you confirm any transaction. External network fees are set by third parties and are outside of Pay It Now’s control. Any examples provided are illustrative only and may not reflect actual outcomes