What is digital currency?
Digital currency, also known as cryptocurrency (crypto), is a form of currency that exists digitally or virtually and uses cryptography to secure transactions. Unlike traditional currencies, digital currencies are decentralized and operate on blockchains. The first digital currency was Bitcoin (BTC), and other common ones include Ethereum (ETH), Litecoin (LTC), USDT, and USDC.
How can I obtain digital currencies?
Individuals and businesses can purchase digital currencies on major global exchanges like Binance, Huobi, OKX, and Coinbase via credit card or other payment methods. Additionally, regional licensed exchanges, such as Hashkey and OSL in Hong Kong, allow users to buy cryptocurrencies using local payment methods like cash or bank transfers.
I have a digital wallet. Why should I use your payment gateway instead of direct transfers?
For a small number of transactions, direct wallet transfers might suffice. However, as transaction volumes increase, manually reconciling each transaction becomes impractical. Our digital currency payment gateway automates the entire process, allowing for 24/7 automatic transactions and reconciliation. Merchants can receive payments in their preferred fiat currency without monitoring and manual conversion, providing customers with a seamless payment experience.
Which digital currencies can your gateway process?
Our gateway supports payments in over 150 digital currencies and integrates with the most commonly used wallets and exchange apps, offering a secure and convenient payment solution for customers.
What are the settlement currencies available?
By default, we settle in USDC. However, merchants can choose to settle in USDT, USD, EUR, GBP, HKD, SGD, JPY, and more.
What are the fees and settlement cycles?
Our fees range from 1.5% to 2.5%, depending on transaction type and amount, with a possible fixed fee per transaction. Settlement cycles vary from T1 to T3. Please refer to our pricing page for detailed information.
My business is in Hong Kong. Can I apply for your payment gateway?
Yes, as long as local laws permit, our payment gateway is available for almost all countries and regions globally.
an I apply for your payment gateway for high-risk businesses?
Yes, we support high-risk businesses, including those in adult entertainment, gambling, sex toys, health supplements, among others.
Can I apply for a digital currency payment gateway if I don’t have a company?
Yes, individual entrepreneurs can also use our payment gateway.
Why add digital currency payments when I already have traditional payment options?
Integrating digital currency payments caters to the new generation familiar with and possessing digital wallets, potentially increasing sales by offering more payment options. Digital payments also boast simplicity, lower fees, and shorter settlement cycles, reducing costs for merchants.
What KYC information is required to apply for your payment gateway?
Embracing the Web3 era, we offer a streamlined KYC process aimed at minimizing friction and expediting the integration of our payment solutions into your website.