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Faq

Faqs

Frequently Asked Questions

Paywholet believes in transparency. So we have put forward the most repeated questions by our clients.

faq
Does PayWholet work with merchants considered as high risk by card providers?

Yes, PayWholet can provide cryptocurrency payment processing services to adult, gaming, CBD and other industries that are typically considered high-risk by traditional payment processors.

How often does PayWholet 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.

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.

Do I have to have a minimum number of transactions per month?

No, there is no minimum.

Can I register a crypto wallet as an individual too with PayWholet?

We regret to inform you that currently we are not providing individual wallet services. Our services are more business centric.

Can I register a crypto wallet account for my business if my business belongs to a high risk industry?

Yes, you can. Which ever industry your  business belongs to, our doors are open so you can focus more on your sales and marketing to enrich your business with more clients.