How It Works
Our process is streamlined into 4 simple steps, making it easy for you to start processing payments.
No merchant KYB/KYC is required to begin – we handle compliance while you focus on your business.
1.
Merchant Sign-Up (Onboarding)
Register with i-pay.io in minutes. We require no KYC documentation from the merchant, allowing instant onboarding.
2.
Integration
Connect i-pay.io to your website or platform with ease. Use our developer-friendly Rest-API to go live quickly – no heavy development required.
3.
First Transaction & Client Verification
When making their first payment, your customer completes a quick, one-time identity check via our partner, Sumsub. After this initial KYC verification, customers can transact freely without further checks.
4.
Settlement
Every transaction is sent instantly to your decentralized merchant wallet, without deducting rolling reserves or chargebacks.
i-pay.io never holds or stores any of your funds.
How exactly the i-Pay system works is described in this scheme:
I-PAY WIDGET
1. Seamless Initiation
Your customers embark on their transaction journey effortlessly by clicking the "Pay Now" button located on your website. This action seamlessly redirects them to the NFG widget interface.
2. Optimal Crypto Exchange Connection
The NFG widget is intricately intertwined with numerous onramping providers. Leveraging this connectivity, our system dynamically scans these providers to pinpoint the most advantageous price and speed for the customer's transaction.
3. Transparent Cryptocurrency Conversion
In the NFG widget interface, customers receive a straightforward and transparent preview of the quantity of cryptocurrencies that will be exchanged, ensuring a completely transparent conversion process.
4. Effortless Payment Completion
Once content, customers finalize their payment procedure. Behind the scenes, funds are seamlessly shifted to the chosen provider from the preceding step. At this point, the chosen fiat currency is converted into the desired cryptocurrency.
5. iPay Fee Deduction
In this phase, the iPay fee is deducted and transferred to the iPay Fee wallet.
6. Company Fund Disbursement
Subsequently, the company's funds are transferred to the companies wallet you have designated with us. Only you have access to this account. At this juncture, the funds move beyond the NFG system, with NFG solely presenting data in the back office.