Withdrawal Methods and Procedure

As a merchant, the processing of your online payments is one of the most critical parts of your business. A clear understanding of the available methods and procedures available to you as a merchant to be paid when your invoices are performed with Bitcoin conversion for merchants is therefore important.

ChainPay currently processes funds in three major currencies, this enables customers from Europe, the United States and Britain to take part in the Bitcoin ecosystem, and access the vast pool of customers eager to purchase from online merchants.

Currently settlement is provided in Euros, Dollars and Pound Sterling.

Withdrawal Method
SWIFT/Wire SEPA Blockchain
EUR €
Minimum €700
Charge €10

Minimum: €400
Charge: €8
GBP £
Minimum: £500
Cost: £8
USD $
Minimum $700
Cost: $15
Bitcoin
Minimum: 0.01 BTC
(or 10,000 bits)
Cost: Free

Transfer Fee Charges

The charges listed above for the withdrawal of funds from your ChainPay account are those charged by our banking partners to perform regular SEPA, SWIFT transfers.

Withdrawal process is simple and easily managed by your employees.

Withdrawal Methods

Settlement is provided via SEPA and SWIFT to transfer these currencies to your bank account.

SEPA

The Single Euro Payments Area (SEPA) provides payment integration of transferring occurring in the Euro currency for the EU member states.  Withdrawals transferred via SEPA take 1-3 days to arrive in your bank depending on the speed of the intermediate bank.

SWIFT

SWIFT transfers, commonly known a ‘wire’ transfer are used to transfer any currency internationally.

Transfer Times

Transfers are processed within 1 working day, with SEPA taking usually 1-3 days to arrive, and SWIFT/Wire transfers 1-5 days.

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