By providing the phone payments feature with our partner DaoPay, we are collaborating with a large number of carriers/operators across each of the countries we support. The feature utilizes premium rate numbers that, inevitably, have significant charges. In addition, due to the nature of the service, phone payments also carry a Value Added Tax (where applicable), which is also included in the cost.
CoinGate only earns a fraction of the paid amount, while the vast share of the fees goes directly to mobile carriers and towards VAT costs.
Before engaging in the payment procedure and making the call or sending the SMS, please take note of the approximate amount of cryptocurrency that is displayed below the payment amount.