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.
Minimum: 0.01 BTC
(or 10,000 bits)
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.
Settlement is provided via SEPA and SWIFT to transfer these currencies to your bank account.
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 transfers, commonly known a ‘wire’ transfer are used to transfer any currency internationally.
Transfers are processed within 1 working day, with SEPA taking usually 1-3 days to arrive, and SWIFT/Wire transfers 1-5 days.