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Frequently Asked Questions

Cryptocurrency Payment Platform, Your questions, answered. Contact us if you don’t find your answers here.

  • Does my country meet the requirements to legally use this payment method?
    VersPay is a global cryptocurrency payment platform and we operate across the world apart from ultra high risk jurisdictions and / or those on the OFAC sanctions list.
  • Why should I accept cryptocurrency payments?
    Crypto consumers are one of the fastest growing segments in the world with over 300 million wallets issued to date. Studies show that crypto consumers spend 2x AOV of a typical credit card consumer and that 40% are in fact new customers. Crypto is more efficient than traditional payment methods as there are less parties involved in a payment process.
  • What are VersPay fees?
    VersPay charges a single all-inclusive transaction fee. There are no hidden charges.
  • What is an FAQ section?
    An FAQ section can be used to quickly answer common questions about you or your business, such as “Where do you ship to?”, “What are your opening hours?” or “How can I book a service?” It’s a great way to help people navigate your site and can even boost your site’s SEO.
  • Which cryptocurrencies can I accept with VersPay?
    We currently support Bitcoin, Bitcoin Cash, Litecoin, Ether, DASH, XRP and USDT. As we own and operate our own exchange we can easily add additional crypto currencies to meet customer demand.
  • How often does VersPay settle funds with the merchants?
    We initiate settlement at the end of every business day, subject to a minimum settlement amount and at the end of every week as an absolute minimum. (See link for jurisdictions and minimums).
  • Does VersPay work with merchants considered as high risk by card providers?
    Yes, VersPay can provide cryptocurrency payment processing services to adult, gaming, CBD and other industries that are typically considered high-risk by traditional payment processors.
  • Do cryptocurrency payments carry a chargeback risk?
    No, all of the transactions on the blockchain are final and there are no chargebacks.
  • How long does it take to confirm a transaction?
    VersPay provides instant confirmations for crypto transactions, which act as a payment guarantee for the merchant.
  • What wallets are supported for cryptocurrency payments?
    VersPay is crypto wallet agnostic, all wallets are supported.
  • Can I keep cryptocurrency instead of converting it into fiat money?
    Yes, we can offer this service, but you will be exposed to the potential volatility risk if the currency value changes.
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Start Accepting Crypto Payments Today

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