How to Make Euro Payments with ZendFx Using Crypto

ZendFx on your ZendWallet Business account lets you send Euro (EUR) payments internationally using cryptocurrency.

By using stablecoins like USDT (Tether) or USDC (USD Coin), you can make payments in Euros quickly and at a low cost, avoiding the delays and fees typical of traditional bank transfers.

This guide walks you through setting up ZendFx for Euro payments, processing transactions, and troubleshooting common issues.

What Is ZendFx for Euro Payments?

ZendFx allows you to make Euro payments using cryptocurrency, converting stablecoins like USDT or USDC into Euros for your transactions. With this service, businesses can send payments to vendors, suppliers, or employees worldwide without relying on traditional bank systems.

How to Get Started with ZendFx

To use ZendFx for Euro payments, you’ll need to set up your ZendWallet Business account:

1. Sign Up for ZendWallet Business
   • Go to ZendWallet.com and create a business account. Enter your company name, email, and other required information.
2. Complete KYB Verification
   • Complete the Know Your Business (KYB) verification to comply with legal regulations. This involves submitting documents like your business registration number and tax ID.
3. Submit Company Documents
   • During the KYB process, provide documents such as your registration certificate, tax ID, and other supporting paperwork.
4. Invite Team Members (Optional)
   • If your business has multiple employees or partners, you can invite them to your account and assign them roles based on their responsibilities.

How to Make Euro Payments with ZendFx For International Transaction

Once your ZendWallet Business account is set up, follow these steps to send Euro payments using ZendFx:

1. Log In to ZendWallet
   • Log into your ZendWallet Business account and go to the ZendFx section to start a payment.
2. Check Payment Requirements
   • Ensure you meet these criteria:
     • Payment Amount: The minimum is €1,000, and the maximum is €1,000,000 per transaction.
     • Cryptocurrencies: ZendFx supports USDT (Tether) and USDC (USD Coin) for Euro payments.
     • Required Documents: You will need to upload supporting documents like invoices or contracts for each payment.
3. Choose Your Cryptocurrency
   • Pick either USDT or USDC for the payment. These stablecoins provide price stability, so you won’t have to worry about major fluctuations in value during the transaction.
4. Select Euro (EUR) as the Payment Currency
   • Choose Euros (EUR) as the currency. ZendWallet will automatically calculate the equivalent value in cryptocurrency.
5. Enter Payment Details
   • Enter the amount in Euros you want to send. ZendWallet will show you the corresponding cryptocurrency value.
6. Provide Recipient’s SWIFT Code
   • Enter the SWIFT code for the recipient’s bank. This code ensures the payment is sent to the right institution.
7. Enter Beneficiary Information
   • Provide the recipient’s name, email, and phone number. Ensure these details are correct for smooth processing.
8. Enter Bank Information
   • Input the recipient’s bank details, including the bank’s name, account number, and address.
9. Review and Confirm
   • Double-check all payment details, including the recipient’s information and the payment amount. Make sure everything is correct before confirming the transaction.
10. Upload Required Documents
    • Upload any necessary documents, such as invoices or contracts, to comply with regulatory requirements

Troubleshooting Common Issues

While ZendFx simplifies Euro payments, you may face a few issues along the way. Here’s how to address them:

1. Payment Not Processing
   • Solution: Verify that all fields are correctly filled out, especially the recipient’s details and SWIFT code. Also, check your cryptocurrency balance to make sure you have enough to cover the payment and transaction fees.
2. Incorrect Exchange Rate
   • Solution: Review the payment details and confirm the exchange rate at the time of the transaction. Cryptocurrency values can fluctuate, but ZendWallet will show the real-time exchange rate before you confirm the payment.
3. Document Upload Failures
   • Solution: Ensure your documents are in an acceptable file format (PDF, PNG, JPG, etc.) and meet the required size limits. If the issue persists, contact ZendWallet support for help.
4. Payment Delays
   • Solution: ZendFx typically processes payments faster than traditional bank transfers, but delays may occur due to factors like the recipient’s bank policies. You can track your payment status in the ZendWallet dashboard.

Conclusion

ZendFx allows you to send Euro payments through cryptocurrency with lower fees and faster processing times compared to traditional methods. 

By using stablecoins like USDT or USDC, you can send payments in Euros with confidence, knowing your transactions are secure.

Get started with ZendFx and simplify your Euro payments today