Bank Accounts and Fiat Transactions

It's possible to conduct fiat transactions by using our business solution, you can top up your merchant account balance in fiat via bank transfer and add a bank account, in case you want to withdraw

Fiat Withdrawal

First step in order to withdraw fiat funds would be addition of a new bank account to your merchant account, it can be done via the "Bank accounts" tab. You can add a bank account by pressing the “Add Bank Account” button, but it needs to be approved by our team first.

Once it’s done, you will be able to use this account to withdraw your fiat funds from the merchant account. At the moment fiat transactions in EUR and USD are available.

To withdraw fiat funds you need to press the “Withdrawal” button near the corresponding fiat currency on the tab “Balances”. Once it’s done you will need to choose the bank account that you’ve added and specify the withdrawal amount.

After that you will need to confirm your withdrawal by entering 2FA code and submitting it.

Please note, only you (the merchant) can operate fiat funds, your users won’t be able to deposit or withdraw in fiat.

Fiat Deposit

In order to refill your balance in fiat you need to press the “Top Up” button near the corresponding fiat currency on the tab “Balances”. After that you will need to pick a payment method (SEPA or SWIFT), choose a bank and specify the amount of the deposit. Once you finish that step a bank invoice will be formed and you will be able to submit the order.

You will be able to check this pending transaction on the “Transaction” tab.