For Businesses: Can I Withdraw Fiat on IvoryPay?

IvoryPay provides crypto payment gateways as a business solution, thus enabling partner platforms to easily accept payments in cryptocurrency. At withdrawal, businesses get to choose the payment method that they consider to be the most convenient for them.

TL;DR

• IvoryPay partner platforms can seamlessly integrate and accept crypto payments using IvoryPay’s payment gateway
• Partner platforms can also choose the withdrawal method they consider to be the most convenient for their businesses
• Withdrawals and confirmation are usually completed within seconds of transaction initiation

Withdrawal Options for Businesses

As a partner platform on IvoryPay, you are bound to own and have access to a business dashboard where you can easily keep track of all transactions on your account. Visibly, you will be able to track payment acceptance-related metrics such as the number of transactions completed, items purchased, payment links, and other things.

Also, the total amount you have in your IvoryPay dashboard will be displayed in two denominations. The first is the crypto equivalent, which will be displayed in your preferred stablecoins (USDC, USDT, or DAI), and the second will show your funds in your local currency.

When your business wishes to withdraw funds, you will have the luxury of picking the most convenient means of withdrawal, which will either be to your local bank account (which must have been linked to your IvoryPay dashboard) or to your crypto wallet.

IvoryPay has provided businesses with these two options, knowing fully well that the demands for each business differ, just as their mode of operations. Therefore, businesses can pick a withdrawal option that meets their immediate needs.

Fast Withdrawal Confirmation

Barring any unforeseen issues, all partners will be able to confirm their withdrawals within seconds of initiation. Once a partner initiates a withdrawal process, the IvoryPay payment gateway automatically processes the payment using the details already provided by the business.

Blockchain payments typically take seconds to confirm, while withdrawals to a local bank are processed pending the approval of the bank. Be sure to confirm with your local bank in the event of a late confirmation.

Conclusion

Financial freedom is the bedrock upon which the foundation of IvoryPay is laid, and it is on this basis that we continually integrate solutions that make it easy for all partners to conduct their businesses.