Go live
You can go from sign-up to a live key on your own, with no call and no order form. One flow serves the SET API, the SET Merchant API and SET Direct Deposit. Start at wallet.simpleeasytransactions.com/start.
Try the API first if you like: get a sandbox key.
The seven steps
| Step | What you do | What moves it on |
|---|---|---|
| Start | Sign in with an email code, and pick an API | Your sign-in |
| Registered | Enter the business's legal name, address, tax number, countries and currencies, and answer a few questions | Your answers |
| Verifying | Fill in the verification form for that business | Your form |
| Verified | Wait | The verification result, confirmed with the provider |
| Terms accepted | Read the terms and your order, and accept them in your own name and title | Your acceptance, recorded with the exact text you read |
| Paid | Pay the activation fee | The payment, confirmed by the bank, network or card processor |
| Active | Press Reveal and copy your key | Your key is made at that moment, and shown once |
A page saying a payment went through changes nothing by itself. The flow moves only when the payment is confirmed.
What it costs
| API | Activation fee | Highest standard rate | Minimum fee |
|---|---|---|---|
| SET API | $500 | 1.00% | $1,500 a month or greater, by plan |
| SET Merchant API | $100 | 1.50% | $0.00 |
| SET Direct Deposit | $1.00 | SET's published Direct Deposit fee | None |
Activation fees are promotional prices only. Due diligence will be performed after the application is approved. Transaction fees are weighted on volume per month, and minimum volume amounts may trigger required minimum fees.
When a person looks
Most applications finish with nobody at SET acting on them. A person reviews an application that declares money services, or that is connected to a country in the provider's High tier or one its list does not name. You see the reason in plain words, and the application waits.
An application connected to a prohibited country, or engaged in a prohibited activity, is refused. If yours was refused and you think that is wrong, contact SET.
If you disclose a restricted activity, you name it on the verification form. The provider may ask for more information.
Paying
Pay by bank transfer, USDC or card. A bank payment must come from an account in the business's own name, and quote the invoice number.
- From someone else's account: the payment is held and returned, and the page says whose name was expected.
- Too little: the invoice stays open and shows what is still due.
- Too much: the excess is returned. ACH and FedNow can only be returned whole, so you then pay the exact amount.
- If verification is refused after you pay: your payment is returned in full, with no request needed.
If a first payment is reversed after your key is issued, the business is suspended and its keys stop.
Your key
The key is shown once, and SET keeps only its hash.
- Lost it before using it: sign in at the same page and replace it. The earlier key stops at once.
- Already used it: rotate it with
POST /v1/api_keys, or on your dashboard.
A SET Direct Deposit buyer becomes the first admin of its partner dashboard.
Already live on the SET API?
To add SET Direct Deposit, accept its terms on your activation. Your key gains the direct_deposit scope: no second business, verification or key. See One key, both APIs.