Off ramp for businesses is a dedicated self-service tool on your Merchant Dashboard designed to help businesses convert their cryptocurrency holdings into their fiat payout currency. This feature provides a streamlined and compliant way to manage crypto assets for operational purposes.
How does the Off Ramp work?
The process is simple and efficient:
1 - From your Merchant Dashboard, you initiate an off ramp request.
2 - You specify the amount of fiat currency you wish to receive, similar to our invoice feature and provide a description of the request (This helps us process the transfer faster and assists our team in case banks require additional information about the transaction.)
3 - Off ramp details will be shown and from here you can open the payment widget, where you will specify the cryptocurrency, the network, and see the crypto value you'll convert to.
4 - xMoney performs the conversion at competitive rates.
5 - The converted fiat amount is then seamlessly added to your business's next scheduled payout.
What cryptocurrencies and fiat currencies are supported?
Our service supports a wide range of popular cryptocurrencies and their corresponding networks. The converted fiat currency will always be your current payout currency (e.g., EUR). For a complete list of supported assets and transaction limits, please check here.
Is this service secure and compliant?
Absolutely. The Off Ramp service is built with the highest standards of security and regulatory compliance. All transactions undergo rigorous Anti-Money Laundering (AML) and Know Your Transaction (KYT) checks, ensuring integrity at every step. We also adhere to global frameworks such as the Travel Rule, ensuring a safe, transparent process for all users, and fully compliant experience.
If you need further assistance, please feel free to contact us at [email protected]. We're happy to help.