ZendFx on ZendWallet also supports payments in United States Dollars (USD), offering businesses a convenient way to transact globally with cryptocurrency.
By converting USDT or USDC to USD, you can make fast, reliable payments to any bank in the United States or abroad.
Here’s everything you need to know to get started.
What Is ZendFx for USD Payments?
ZendFx facilitates USD payments using stablecoins like USDT or USDC. This allows businesses to avoid high fees and lengthy transfer times often associated with traditional payment systems.
How to Set Up ZendFx for USD Payments
- Create a ZendWallet Business Account
- Sign up on ZendWallet.com and provide all necessary business details.
- KYB Verification
- Complete KYB verification by submitting documents like your business registration number and tax ID.
- Invite Team Members
- Add team members to your account, if needed, to assist with payment processes.
Steps to Make USD Payments Using ZendFx
- Access ZendFx
- Log into your ZendWallet Business account and select the ZendFx section.
- Confirm Payment Requirements
- Minimum payment: $1,000 USD
- Maximum payment: $1,000,000 USD per transaction
- Supported cryptocurrencies: USDT and USDC
- Documentation: Invoices or contracts for compliance purposes
- Select Your Cryptocurrency
- Choose between USDT and USDC for the transaction.
- Set USD as the Payment Currency
- Enter the amount in USD you want to send. ZendWallet will show the equivalent cryptocurrency value.
- Provide Recipient and Bank Details
- Accurately fill in the recipient’s details, including their bank name, account number, SWIFT code, and address.
- Review and Confirm
- Carefully review all information before submitting the payment.
- Upload Supporting Documents
- Attach any required documents to complete the transaction.
Troubleshooting Common Issues
- Payment Declined
- Solution: Ensure your cryptocurrency balance is sufficient and all payment details are accurate.
- Document Upload Issues
- Solution: Check the file type and size. If errors persist, contact ZendWallet support.
- Processing Delays
- Solution: Payments usually take 24–72 business hours. If delays continue, follow up with the recipient’s bank or ZendWallet.
By using ZendFx for CAD and USD payments, you can streamline your global transactions and experience more control over your financial operations. Get started today!