// the rail
WHAT IT COSTS
TO TURN SOL INTO STEEL.
A treasury cannot post itself a graphics card. Somebody has to take the crypto and place the order, and that somebody is SP3ND Inc., a Delaware C-Corporation — the same service the project this one answers uses. Their fee table is published. Their liability clause is published. Put together they produce a figure that appears on neither site, and it is the column on the right.
paste a listing and type what it costs. nothing is bought here — this turns a link into a quote, and prints what the rail would charge and what it would not cover
| part | order | fee | treasury needs | recoverable | unsecured |
|---|---|---|---|---|---|
| GPU | $780 | $19.50 | $799.50 | $19.50 | $760.50 |
| PSU | $120 | $3.00 | $123.00 | $3.00 | $117.00 |
| MAINBOARD | $165 | $4.13 | $169.13 | $4.13 | $160.88 |
| RAM | $140 | $3.50 | $143.50 | $3.50 | $136.50 |
| SSD | $110 | $2.75 | $112.75 | $2.75 | $107.25 |
| CHASSIS | $85 | $2.50 | $87.50 | $2.50 | $82.50 |
recoverable is the most their contract can be made to return if a part never arrives — their clause caps it at the fees you paid, and for one purchase that is that purchase’s fee. everything in the last column is an unsecured claim
the clause the column comes from
“SP3ND's total liability under these Terms shall not exceed the amount of fees you paid to SP3ND in the 12 months preceding the claim.”
what happens to the money
“Upon successful payment, the cryptocurrency becomes SP3ND's asset”
what the marketing page says
“SP3ND doesn't hold your crypto at any point”
refunds
“Due to the nature of cryptocurrency transactions, all payments are final once processed.”
Those middle two are not both true in the sense a buyer cares about. Non-custodial is accurate about keys — they never hold your private key. But once the crypto becomes their asset, the money is on their balance sheet until the parcel arrives, and that is the sentence that decides whether you are exposed to their solvency. The marketing sentence is true right up to the moment that matters.
Orders under $100: $2.50 flat fee
Orders between $100 and $999: 2.5% of order value
Orders $1,000 and above: 1.5% of order value
those three sentences name no tier for $999.01 to $999.99. this site reads the middle tier as $100 up to but not including $1,000, which is the only reading that covers every amount — and it is a reading, not something they wrote
- —how many orders have been fulfilled
- —how long the service has operated
- —what happens to an unfulfilled order if the company becomes insolvent
- —who bears the loss between the moment the crypto becomes their asset and the moment the parcel arrives
none of this makes the rail bad. it is a real company with published terms, which is more than most of this category offers. it means the risk is knowable, and a project spending other people’s fee revenue through it should print the number rather than leave a reader to find it after a parcel does not arrive