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Topic: Crypto to fiat withdrawal (Read 166 times)

brand new
Activity: 0
Merit: 0
February 15, 2022, 01:30:55 AM
#8
How to offer Crypto to Fiat?

Open the Crypto.com application

Tap on "Exchange"

Tap on "Sell"

Select the cryptographic money you might want to change over to Fiat.

Select the 'Fiat Wallet' choice.

On the Fiat Wallet window, you can enter the sum you wish to change over. (Assuming you tap on the field where you enter the sum, the application will recommend the greatest sum you can sell.)

https://www.nftnewz.net/en
brand new
Activity: 0
Merit: 0
February 14, 2022, 06:16:54 AM
#7
Principle Takeaways
Offer to-Card is a moment and helpful way for clients to sell and money out on their crypto.

With this new component, selling crypto for government-issued money and straightforwardly moving the sum to your card has never been simpler.

On the off chance that you're searching for a fast and advantageous method for selling your crypto into cash, Sell-to-Card is the response.

https://www.nftnewz.net/en/
legendary
Activity: 3248
Merit: 3098
January 31, 2022, 08:52:17 AM
#6
This sounds like dropshipping business, or maybe I'm wrong. with every buy/sell transaction, you have to use a payment gateway but I doubt any of them have the option of transferring funds from one trade to two different receivers.
maybe you should consider a system like escrow service, where you will be an escrow and hold 10% of each transaction

Yeah it operates like dropshipping business, exactly

conversion Bitcoin to fiat can be a very tangible thing for a dropshipping business.
just as a suggestion, maybe check on Best_Change (I wear their signature), there you will find a lot of verified exchangers which provide BTC-fiat exchange on different payment processors. Also, many of them have API to implement it on your website.
Or ask them through his ANN thread or PM to help with the choice.
member
Activity: 276
Merit: 23
January 31, 2022, 04:22:53 AM
#5
This sounds like dropshipping business, or maybe I'm wrong. with every buy/sell transaction, you have to use a payment gateway but I doubt any of them have the option of transferring funds from one trade to two different receivers.
maybe you should consider a system like escrow service, where you will be an escrow and hold 10% of each transaction

Yeah it operates like dropshipping business, exactly
legendary
Activity: 3248
Merit: 3098
January 30, 2022, 05:48:53 PM
#4
This sounds like dropshipping business, or maybe I'm wrong. with every buy/sell transaction, you have to use a payment gateway but I doubt any of them have the option of transferring funds from one trade to two different receivers.
maybe you should consider a system like escrow service, where you will be an escrow and hold 10% of each transaction
member
Activity: 276
Merit: 23
January 30, 2022, 03:22:52 PM
#3
Also I think that I've also seen requirements like the account on the crypto exchange has to be on the same name as the bank account.

What is my main account can have subaccounts for my sellers
legendary
Activity: 3500
Merit: 6205
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January 30, 2022, 01:58:34 PM
#2
For example seller sells something for 1BTC, I withdraw 90%, so 0.9BTC converted to fiat, to seller's bank account.

Is something like that possible?

I'm not sure I understood what you mean. My guess is the 1 BTC is the buyer's money, so the word you are looking for is not withdraw (maybe exchange, then withdraw).
In that scenario you'll have to have an account to an exchange - probably a KYC centralized exchange - and API keys for that account.
The shopping platform will transfer 0.9 BTC to the exchange; your API will sell that 0.9 BTC based on your settings and market price; when your sale was successful you'll withdraw the fiat to a bank account.

This would be the theory, but I've never done that, you should verify and confirm for yourself.
Even more, my not-too-big experience tells that many banks don't like to get money from crypto exchanges. Also I think that I've also seen requirements like the account on the crypto exchange has to be on the same name as the bank account. But maybe I've got that wrong and maybe that's different in case of companies. You have to research though. (Or maybe you'll have to withdraw you your bank account and then transfer to seller's account?).
member
Activity: 276
Merit: 23
January 30, 2022, 12:49:46 PM
#1
I'm working on a marketplace, to there are buyers and sellers. Every seller is KYC verified. I would like to accept payments in crypto but payout sellers in fiat, or withdraw fiat to seller's bank account.

For example seller sells something for 1BTC, I withdraw 90%, so 0.9BTC converted to fiat, to seller's bank account.

Is something like that possible?
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