A unique solution to close the gap between merchants & crypto consumers
Customers make a purchase directly from their digital wallet
VersPay instantly converts the crypto amount into FIAT the moment a purchase is made
Accumulated funds are settled into your bank account at the end of each day
Make crypto payments easy for you & your customers
Most solutions on the market are limited. Some only allow you to receive certain cryptocurrencies, leaving you stuck with a cryptocurrency that is susceptible to value fluctuation. Others only work with certain wallets. With VersPay, crypto consumers can pay with any wallet and with any crypto. You then receive the amount paid in: dollars, euros, pounds or any other fiat currency. How do we do it?
Well, we believe that in the near future cryptocurrency and fiat currency need to coexist. Therefore instant price determination is key. VersPay’s solution is powered by its own exchange that trades cryptocurrency for fiat every second which enables us to offer consumers and merchants the best rate for a crypto to fiat transaction. This way, both parties get what they want and the risk of value fluctuation is removed.
Better, safer & faster than credit card payments
Cryptopayments offer a new way to process transactions with great benefits to merchants. Transaction fees are lower, sales are final meaning no chargebacks and with VersPay you get access to funds directly from your bank account every night. VersPay is able to offer a fixed discount rate that’s lower than traditional payment options with no hidden transactional fees.
Daily access to funds
No chargebacks, full protection against fraud
Accept Crypto Payments Everywhere
Security & Compliance Above Everything Else
Every transaction that we process is run through Chainalysis KYT which detects many patterns of risky activity, from darknet markets and scams to sanctioned addresses and anomalous transactions.
All of our transactions are loaded into Jumio’s monitoring system where an extensive ruleset is utilized to identify any patterns of money laundering or suspicious financial activity.
Our due diligence and KYC is all managed and validated through Sum and Substance to ensure authenticity, accuracy and legitimacy.
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.