🔵Key Features

General

Coinbar Pay is a comprehensive payment solution designed for businesses and merchants, enabling them to seamlessly manage digital payments using cryptocurrencies and currency exchange (euro).

The primary features of the Coinbar Pay service include:

• Cryptocurrency Acceptance: Effortlessly accept popular cryptocurrencies as a payment method, providing your customers with a broader range of options

• Instant Crypto-Fiat Conversion: Automatically convert the received cryptocurrency into euros, minimizing the risk associated with fluctuating digital currency values

• Dedicated Platform for Merchants: Access a user-friendly, dedicated platform designed specifically for merchants to manage transactions and monitor their account activity

• Histories and Reports: Keep track of past transactions, generate comprehensive reports, and gain insights into your business performance with our advanced reporting tools

• Dedicated Assistance: Receive personalized support from our dedicated customer service team, who are available to assist with any questions or concerns related to Coinbar Pay's features and services

Available Payment Methods

Through Coinbar Pay, the customer is guided in making a crypto payment, and can use two methods: Private wallet or Coinbar account.

Private Wallet

The private wallet mode allows the customer to pay with his/her own wallet, using the blockchain for fund transfer. This methodology has variable execution times (ranging from 30sec to 5min) and also has user fees, which are variable based on the blockchain commission at the time of sending the cryptocurrencies.

Currently, it is possible to pay with Private Wallet with:

• BTC (Bitcoin)

• USDT (Tether)

• XRP (Ripple)

• XDB (Digitalbits)

Coinbar Account

The Coinbar account mode uses the user's account within the Coinbar platform and allows for instant payments, with no additional cost to the customer as it is managed internally.

Currently, it is possible to pay with Coinbar Account in:

• AXS (Axie Infinity)

• BCH (Bitcoin Cash)

• BTC (Bitcoin)

• DOT (Polkadot)

• ETH (Ethereum)

• LINK (Link)

• LTC (Litecoin)

• MATIC (Polygon)

• UNI (Uniswap)

• USDT (Tether)

• XDB (Digitalbits)

• XRP (Ripple)

Crypto - Fiat Conversion

Coinbar Pay's Crypto-Fiat conversion feature offers merchants the flexibility to choose how they would like to receive their earnings from cryptocurrency transactions.

Depending on their preferences and risk tolerance, merchants can opt to retain the cryptocurrencies or automatically convert them to fiat currency (euro) at the time of payment execution. This process mitigates the challenges associated with the high volatility of digital currencies.

Automatic Crypto-Fiat Conversion

Merchants who want to eliminate exposure to crypto market fluctuations can opt for instantaneous conversion to fiat currency (euro) at the time a payment is executed.

In this case, Coinbar Pay's system seamlessly converts the cryptocurrency into its equivalent value in euros using the current exchange rates.

The fiat currency is then credited to the merchant's account, minimizing the risk associated with the high volatility of digital currencies.

The merchant will receive the exact amount of the billing total price, minus the service fees selected during service activation.

With Coinbar Pay's Crypto-Fiat Conversion feature, merchants have the opportunity to explore new markets and provide diverse payment options for their customers, all while managing their exposure to the risks associated with the digital currency landscape.

Retaining Cryptocurrency Income

If a merchant wishes to maintain their earnings in the original cryptocurrency form, Coinbar Pay will process the transaction and store the digital tokens securely into the merchant's wallet.

Merchants can access their wallet through the dedicated platform, where they can view their balance, transaction history, and other account details.