Banks have massive overheads, with thousands of employees to pay and hundreds of branches to maintain. To maintain profitability, banks must take large margins on the money that passes through them.. Earning out of the difference in interests (what it pays to depositors and what it charges from borrowers) is the main source of revenue for any bank, and has been the key element in the functioning of all traditional financial institutions.
They at Faircent help eliminate the high margins which banks and financial institutions make on your transactions. Their format allows them to keep institutional charges at a bare minimum and they simply pass on this benefit to you.