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Frequently asked questions
What is Paydefi?
Paydefi is a Web3 payment solution that allows businesses to accept cryptocurrency payments directly from customers.
How do Web3 payments work?
Web3 payments operate on a push-payment model, giving the payer full control over the transaction. The payer reviews and signs the transaction with their digital wallet, which is then validated on the blockchain.
What are the benefits of Web3 payments?
Benefits include instant settlement, easy integration, automatic conversion to stablecoins, and pre-configured payments that minimize errors.
What fees does Paydefi charge?
Paydefi charges a standard rate of 0.5% per transaction, with an early bird rate of 0.3% for initial users. There are no hidden fees or installation costs.
How does the auto-conversion feature work?
Paydefi automatically converts payments to stablecoins (like USDC) in real-time, ensuring businesses receive a consistent amount without being affected by price volatility.
What networks does Paydefi support?
Paydefi supports multiple blockchains, including Ethereum, Binance Smart Chain, Avalanche, Polygon, and Solana, allowing transactions across diverse ecosystems.
Can I use any cryptocurrency to pay?
Yes, Paydefi allows customers to pay with various tokens, while businesses always receive payments in stablecoins to mitigate risk from volatility.
What wallets does Paydefi support?
Paydefi supports a wide range of self-custody wallets, including MetaMask, Trust Wallet, and hardware wallets like Ledger and Trezor, as well as Web3 wallets from crypto exchanges.
How is Paydefi integrated into my business?
Integration is straightforward through our open API, allowing businesses to set up Paydefi without extensive technical support.
What support does Paydefi offer?
Paydefi provides free support to assist users with any questions or integration issues they may encounter.
Why should I choose Paydefi over other payment solutions?
Paydefi offers low fees, instant settlement, no chargebacks, auto-conversion to stablecoins, multi-chain support, and a wide variety of accepted tokens, making it a robust choice for businesses.
Is there a risk of chargebacks with Paydefi?
No, Paydefi transactions are final and cannot be reversed, providing businesses with revenue stability and reducing the risk of chargebacks.
What types of businesses can benefit from Paydefi?
Paydefi is adaptable for various business models, including e-commerce, gaming, donations, and account top-ups, helping companies embrace the future of payments.
Can users pay from exchange wallets like Binance?
Paydefi is adaptable for various business models, including e-commerce, gaming, donations, and account top-ups, helping companies embrace the future of payments.
Can users pay from hardware wallets?
Absolutely! Paydefi supports payments from popular hardware wallets like Ledger and Trezor, ensuring security and control for users