Crypto

In this article, you will learn how to activate the payment method Crypto in your Payrexx account so that your customers can pay with cryptocurrencies.

General Information

With the payment method Crypto, you can accept customer payments in cryptocurrencies such as Bitcoin, Ethereum, and Polygon. Transactions are processed via the blockchain and paid out to your bank account in your local currency (e.g., CHF).

As a merchant, you do not need any knowledge of blockchain or cryptocurrencies, as payments are automatically processed in the background.

Links

• NAKA Website

Features

Payment types

• ✅ One-time payment

• ❌ Refund

• ❌ Partial refund

• ❌ Pre-authorization

• ❌ Tokenization

• ❌ Recurring payments (Subscription)

Supported cryptocurrencies

• Bitcoin (BTC)

• US Dollar Tether (USDT)

Country Availability

The Crypto payment method is only available within Payrexx Pay and is therefore only accessible to merchants in 🇨🇭 Switzerland:

Country Availability

Fees

The transaction fees vary depending on the Payrexx plan you choose. For more information, please refer to our pricing overview.

Setup

Please note that you must be logged in to Payrexx before you begin. If you do not have an account yet, please register with Payrexx.

To accept payments via Crypto, you must first request and then activate the payment method in your Payrexx account. Please follow the steps below.

Requesting the payment method

• Navigate to Payment Providers in the main menu of your merchant administration.

• Click on "Configure" next to Payrexx Pay:

Configuration of the payment provider Payrexx Pay

• Scroll down to the section Request New Payment Methods.

• Check the box for Crypto (1) and click Apply (2).

Requesting the Crypto payment method

Once Crypto is available, the account owner will be notified by email. Processing the request may take several business days.

Activating the payment method

Once Crypto has been set up for you, you only need to activate the payment method in your Payrexx account. To do so, please follow these steps:

• Navigate to Payment Providers in the main menu of your merchant administration.

• Click on "Configure" next to Payrexx Pay.

• Scroll down and check the box for Crypto:

Activation of Crypto in Payrexx Pay

• Complete the configuration by clicking "Save" at the bottom right of the page.

The payment method is now activated. Your customers can now pay with cryptocurrencies.

Payment with Crypto from the customer’s perspective

• At checkout, the customer selects Crypto as the payment method:

Selecting the Crypto payment method

• The customer enters their personal information – in the example below, the email address – and clicks "Pay":

Entering personal information and clicking the Pay button

• The customer selects the network they want to use for payment:

  • Bitcoin BTC network for payments in Bitcoin

  • Tether USDT network for payments in Ethereum and Polygon

Selecting the network for payment

• The customer enters their personal information, accepts the terms of service, and clicks "Continue":

Entering personal information by the customer

• Finally, scan the displayed QR code and complete the payment on your smartphone.

The payment using the Crypto payment method has been completed.