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Topic: Sheepy - new cryptocurrency payment gateway - page 2. (Read 691 times)

newbie
Activity: 22
Merit: 0
September 18, 2023, 03:51:35 PM
#28
We have some exciting news for you: we have added a new feature that allows you to withdraw your crypto earnings in British pounds!

With Sheepy, you can:
- Convert your crypto earnings into British pounds in seconds
- Withdraw them to your bank account or debit card with low fees
- Enjoy the convenience and speed of our platform

Ready to withdraw in GBP?
Visit our demo page and see how easy it is https://www.sheepy.com/demo

newbie
Activity: 22
Merit: 0
We are thrilled to announce Sheepy's latest feature, the Fiat Auto Withdrawal! This tool lets you set automatic withdrawals from your crypto balances directly to your bank account in various fiat currencies. It simplifies the process, giving you more control over your transactions without the need to manually withdraw funds.

How does it work:
- Go to your fiat withdrawal methods
- Switch any of your successful withdrawal methods to automatic mode
- Set up preferred withdrawal frequency
- Let us handle the rest!

If you have any questions or need assistance navigating the platform, contact our managers at https://www.sheepy.com/contact-us.

We invite you to experience the power of seamless transactions with Sheepy, your trusted partner for secure and efficient crypto payments.

Proceed to Demo Page.
newbie
Activity: 22
Merit: 0
Introducing Sheepy's Manual Conversion Feature!

We are proud to announce the launch of our manual conversion feature, a game-changing innovation that will revolutionize the way you use crypto.
Sheepy is the ultimate platform for online payments, offering you a simple and secure way to transact with cryptocurrencies. With our manual conversion feature, you can now customize your crypto transactions like never before. You can manually convert your crypto into any digital asset you want, from stablecoins to other popular cryptocurrencies.

Why use manual conversion?

Manual conversion gives you more power and flexibility over your crypto transactions. You can:
- Choose from a variety of conversion options to suit your needs and preferences
- Adjust the conversion parameters to optimize your transactions
- Track the progress of your conversions in real-time
- Avoid the volatility and risk of crypto markets
- Save on fees and taxes by converting at the best rate and time

Experience the benefits of manual conversion with Sheepy!

Visit https://sheepy.com and get your free trial today.
legendary
Activity: 2170
Merit: 1789
Sheepy has a demo page where you can see how the platform works and try it out for yourself. The demo page lets you create a sample invoice and see how you can configure payment settings. This demo page is a great way to experience the convenience and flexibility of Sheepy.
I tried to check your demo. Basically, the countdown starts after you input the payment amount, but not before you select the payment method. I don't think it is a good option. I'd suggest starting the countdown after the user choose the payment method, and maybe extending the timeout for more than 15 minutes since a confirmation might take longer than that in the live version.

Also, what is the difference in the QR code between the URL, Address, and Amount shown in https://www.sheepy.com/demo/invoice/demo? I can't seem to understand it.
newbie
Activity: 22
Merit: 0
Try our Demo page to pay with crypto easily and securely!

Sheepy has a demo page where you can see how the platform works and try it out for yourself. The demo page lets you create a sample invoice and see how you can configure payment settings. This demo page is a great way to experience the convenience and flexibility of Sheepy.


Just visit https://www.sheepy.com/demo and follow the instructions to get acquainted with crypto payments.
newbie
Activity: 22
Merit: 0
Looking for a streamlined payment solution for your software development or SaaS enterprise? Sheepy’s crypto payment platform is here to help. With our reliable payment gateway, you can easily set up recurring payments and automate payouts in various digital assets like BTC, USDT, and USDC.

Whether you’re looking to collect recurring payments or improve your overall business operations, Sheepy’s payment solution is a cost-effective and reliable choice for software developers and SaaS enterprises.

Contact us today to learn more https://www.sheepy.com/contact-us
newbie
Activity: 22
Merit: 0

Which makes me wonder who makes up this list of high-risk countries?
It's not like we will see The Government of Bolivia sue sheepy for not complying with their financial regulations, like the way SEC usually does with services that try to act with in the United States.

At Sheepy, we follow international standards and regulations for AML/KYC compliance, which are established by organizations such as the Financial Action Task Force (FATF).

We also conduct our own risk assessments and due diligence when determining which countries or regions are deemed high-risk (e.g. countries that have restrictive crypto approach or ban payments for goods and services in crypto). While we may not face legal action from a specific country's government for non-compliance, we take our regulatory obligations seriously and work to ensure that we are compliant with applicable laws and regulations to protect our customers and business.
newbie
Activity: 22
Merit: 0

Any chance to share here your fee structure? I didn't even try to find it very hard, but I couldn't find it on the site for such information except for no setup fees.

Our fee structure is straightforward, we charge a flat rate of 0.99% for each invoice processed on Sheepy (excluding network fees).
copper member
Activity: 1960
Merit: 1638
Top Crypto Casino
may also have our internal policies and risk appetite assessments that determine which countries or regions are considered high-risk for crypto payments.

I would really like to hear how it is determined that some countries are "high-risk" for crypto payments. Apart from certain countries that have banned crypto, I don't see how it can still be limited territorially.
When I looked at the list. I couldn't help but notice that most of the countries are low tier or what some people would refer as Third World countries. Most of these countries don't even have any sound legal framework when it comes to financial regulations.

Which makes me wonder who makes up this list of high-risk countries?
It's not like we will see The Government of Bolivia sue sheepy for not complying with their financial regulations, like the way SEC usually does with services that try to act with in the United States.
legendary
Activity: 3248
Merit: 3098
may also have our internal policies and risk appetite assessments that determine which countries or regions are considered high-risk for crypto payments.

I would really like to hear how it is determined that some countries are "high-risk" for crypto payments. Apart from certain countries that have banned crypto, I don't see how it can still be limited territorially.

With this new feature, merchants can provide deposit (static) addresses to their clients and receive payments directly to their wallets. Sheepy will automatically generate an invoice and issue a notification to the merchant when a payment is received.

Any chance to share here your fee structure? I didn't even try to find it very hard, but I couldn't find it on the site for such information except for no setup fees.
legendary
Activity: 2492
Merit: 3612
Buy/Sell crypto at BestChange
Yes, you are right. In general, financial regulations and compliance requirements can vary greatly across different jurisdictions. Some countries have stricter regulations when it comes to cryptocurrency payments, and we, as a payment gateway,
Most, if not all, financial legislation is strict for amounts that exceed the amount of one thousand or two thousand dollars, and most payments to merchants are less than that amount. Therefore, there is no need for strictness for depositors, and perhaps the necessary strictness for stores, as the total of their transfers will definitely be more than a thousand dollars.

Many countries do not have clear legislation for encrypted currencies, and therefore, as long as the transfer does not contain US dollars, most of these legislations are useless.

Isn't this a bad choice for users? Where anyone can know my daily store deposit and thus estimate what I can buy.
newbie
Activity: 22
Merit: 0
📢 Sheepy launches deposit addresses!

With this new feature, merchants can provide deposit (static) addresses to their clients and receive payments directly to their wallets. Sheepy will automatically generate an invoice and issue a notification to the merchant when a payment is received.

Merchants can now assign a unique text label to each deposit (static) address, such as a user_id making it easier to track and verify payments from end clients.

Deposit (static) addresses are designed to simplify and speed up the payment process for both merchants and their clients, especially, if you need to track client balances and their deposits on the go.

▶️ For more information, please visit https://api.sheepy.com/doc/api#tag/Deposit-addresses
newbie
Activity: 22
Merit: 0
Can you at least explain why those jurisdictions are prohibited? I'm seeing countries like Malaysia, Indonesia, etc. What is the legal rule or regulation that you refer to when you ban them? IIRC, other payment gateways don't prohibit users (business owners or buyers) from those countries from using their services, so it looks odd to me. From a quick glance, it seems like you prohibit business owners from countries where using crypto as a payment option is not legal.

Yes, you are right. In general, financial regulations and compliance requirements can vary greatly across different jurisdictions. Some countries have stricter regulations when it comes to cryptocurrency payments, and we, as a payment gateway, may also have our internal policies and risk appetite assessments that determine which countries or regions are considered high-risk for crypto payments.
legendary
Activity: 2170
Merit: 1789
Of course, we are a regulated fintech business and have certain limitations in terms of counties and territories. This is relevant for our merchants but not customers who would like to pay using our payment gateway.
Can you at least explain why those jurisdictions are prohibited? I'm seeing countries like Malaysia, Indonesia, etc. What is the legal rule or regulation that you refer to when you ban them? IIRC, other payment gateways don't prohibit users (business owners or buyers) from those countries from using their services, so it looks odd to me. From a quick glance, it seems like you prohibit business owners from countries where using crypto as a payment option is not legal.
newbie
Activity: 22
Merit: 0
Hello guys!

Of course, we are a regulated fintech business and have certain limitations in terms of counties and territories. This is relevant for our merchants but not customers who would like to pay using our payment gateway.

The same relates to KYC which is the current market standard for all legit crypto businesses. However, we are committed to enhancing the process with automated checks, monitoring tools and public databases.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org

Even though this site has been registered since 2001, it was only updated in 2022, so I'm still a little doubtful about the credibility of this site,


Now of course crypto did not exist in 2001 Tongue this is a purchased domain.

Anyway, it bothers me to see how crypto services are basically blacklisting every country they don't like. OP should probably make this an EEA-restricted service since he supports SEPA anyway.
sr. member
Activity: 2044
Merit: 329
It looks like they reduce the firewall rules and restrictions on their cloud flare account which is why it is now accessible. I tried to make an account and verify the email but my account is in testing mode after searching around why it's a testing mode I saw a tab "verify" that requires KYC.

It means that this payment gateway needs to be KYC verified before you can able to use their service which is risky if we share our documents with a months-old payment gateway.
The domain is aged but the website itself is pretty new and it doesn't have any reviews yet and they only support API unlike BTCpayserver.
indeed, members have to be very careful with who they hand over their personal details to. It could be a scammer, and you don't want to know what they will user your KYC documents for after they have been sold off in the dark market

personal data can be misused by platforms that are not so reputable so I also won't be careless in placing KYC.



it seems my country is on the prohibited list,

source---

Even though this site has been registered since 2001, it was only updated in 2022, so I'm still a little doubtful about the credibility of this site,
copper member
Activity: 1960
Merit: 1638
Top Crypto Casino
It looks like they reduce the firewall rules and restrictions on their cloud flare account which is why it is now accessible. I tried to make an account and verify the email but my account is in testing mode after searching around why it's a testing mode I saw a tab "verify" that requires KYC.

It means that this payment gateway needs to be KYC verified before you can able to use their service which is risky if we share our documents with a months-old payment gateway.
The domain is aged but the website itself is pretty new and it doesn't have any reviews yet and they only support API unlike BTCpayserver.
indeed, members have to be very careful with who they hand over their personal details to. It could be a scammer, and you don't want to know what they will user your KYC documents for after they have been sold off in the dark market
legendary
Activity: 3206
Merit: 2904
Block halving is coming.
It looks like they reduce the firewall rules and restrictions on their cloud flare account which is why it is now accessible. I tried to make an account and verify the email but my account is in testing mode after searching around why it's a testing mode I saw a tab "verify" that requires KYC.

It means that this payment gateway needs to be KYC verified before you can able to use their service which is risky if we share our documents with a months-old payment gateway.
The domain is aged but the website itself is pretty new and it doesn't have any reviews yet and they only support API unlike BTCpayserver.
legendary
Activity: 2492
Merit: 3612
Buy/Sell crypto at BestChange
We are offering a cutting-edge platform that enables to start accepting crypto payments as they were meant to be - global and frictionless.


I think that you need to redefine the word global because, based on the posts above, about a third of the countries in the world are banned from using your payment service, which is something against the nature of cryptocurrencies available to all countries of the world

Quote
you confirm that your business is not under the control of a national or resident of any country where crypto assets transactions are explicitly prohibited or the United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands).

Quote
You confirm that you are not a national or resident of the following prohibited jurisdictions: Afghanistan, Algeria, Bahrain, Bangladesh, Bolivia, Cambodia, Central African Republic, Egypt, Indonesia, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Malaysia, Mali, Mauritania, Morocco, Nepal, Nigeria, North Korea, Oman, Pakistan, Palestinian Territory, Qatar, Saudi Arabia, Somalia, Sri Lanka, Sudan, Syria, Tunisia, Yemen. We maintain the right to restrict or refuse its services in these jurisdictions.
So, as a store owner, I have lost large numbers of users as a result of using your service to process crypto payments, so what will I benefit from?
Versus a lot of solutions found here ----> LIST Bitcoin Payment processors
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