Pricing & Trust
How Settlement makes money.
Every revenue line is disclosed on the activity that generates it. You always see the gross number, our share, and your net — on the screen, on the statement, and on the trade confirmation.
Order routing
We earn a small, fixed routing fee per executed share, disclosed on every trade confirmation. The venue, the route, and the execution quality metric are printed alongside the fill.
Partner-bank yield
Idle balances earn yield at FDIC-insured partner banks. We keep a transparent share of the gross APY to cover platform cost; you see both numbers and the net APY you receive.
Conversion spread
Crypto buys, sells, and swaps carry a fixed spread quoted before you confirm. The mid-market reference rate and the spread are both displayed; you choose to proceed or cancel.
Standard interchange
The Settlement Card earns standard merchant interchange, the same revenue model every issuer uses. No monthly fees. No overdraft fees. No foreign-transaction fees.
Advisory fee + metered compute
Managed portfolios charge a flat annual advisory rate on assets under management. The model runs that power them are billed at cost — the joules and compute of each rebalance, passed through, not marked up — and itemized on the rebalance record.
Agent transactions
Agent payments are priced the same as the underlying activity — a card purchase pays interchange, a stablecoin settlement pays the rail fee, an ACH transfer is free — with the agent's compute metered at cost on the receipt. No surcharge for it being an agent.
Every dollar we earn shows up on the activity that earned it.
Routing economics are printed on the trade confirmation. Yield share is printed on the cash statement. Crypto spreads are quoted pre-trade and saved with the order. Card interchange is the only line where the customer is not the payer, and we say so. Pricing is a section of the product, not a press release.