As we have already announced earlier, NOWPayments has partnered with Banxa, a trusted fiat on-ramp provider, to give businesses the ability to accept fiat payments seamlessly. To make it even more attractive, Banxa is now offering an exclusive 0% card processing fee to all new users who integrate with NOWPayments. This offer applies to incoming payments made via credit cards, debit cards, Apple Pay, and other payment methods. This special offer is valid until December 17, 2025.
How Does This Special Offer Actually Work?
- 0% Card Processing Fees: Enjoy zero fees on card payments integrating Banxa with NOWPayments. The offer ends December 17.
- Available Payment Methods: The offer applies to credit cards, debit cards, Google Pay, and other payment methods available through Banxa.
- Service Fee by NOWPayments: While Banxa waives the card processing fees, the NOWPayments service fee still applies.
This offer makes it easier for businesses to accept fiat payments, convert them into cryptocurrency, and save on transaction costs for the first month of onboarding.
Important Requirements for Onboarding
To utilize this offer and use Banxa’s services, your business must meet specific onboarding criteria. Please ensure you are aware of the following critical requirements before applying:
- Custody Solution: You must have an active, integrated custody solution to receive and settle the cryptocurrencies from transactions.
- Corporate Email & Domain: Your application must use a verifiable corporate email address, and the domain of this email must match the official website of your business (e.g., the website is yourcompany.com and the email is [email protected]). Personal email addresses (e.g., Gmail, Yahoo) are not accepted for business verification.
- Eligible Geographical Location: Banxa’s services are available in over 100+ countries. For a detailed list of supported countries, please refer to your NOWPayments Business Development Manager [email protected] to ensure your business operates in an eligible region.
- Business Type: Please be aware that certain business types, including Adult Content and Services, are not eligible for onboarding with Banxa.
We recommend reviewing all business eligibility requirements beforehand.
Key Benefits of the Banxa Integration with NOWPayments
- Global Reach
With Banxa, you can serve customers in over 100 countries and accept payments in multiple fiat currencies, including USD, EUR, GBP, and many others. - Multiple Payment Methods
Banxa supports a wide variety of payment methods, including credit cards, Google Pay, bank transfers, and local payment options, making it easier for your customers to pay in the way that’s most convenient for them. - Seamless Conversion to Crypto
Once you accept fiat payments, Banxa automatically converts them into over 300 cryptocurrencies, allowing you to expand your business and reach a global audience with ease. - Secure and Compliant
Banxa offers a fully verified and secure payment flow, ensuring your transactions meet industry standards for compliance and security.
How to Get Started with Banxa on NOWPayments
Integrating Banxa with NOWPayments is easy and straightforward. Here’s how you can get started:
Step 1: Apply for Banxa Integration
- Log in to your NOWPayments dashboard.
- Go to Settings > Fiat Operations > On-ramp and select Banxa.
- Click the Activate button and complete the short application form.
Step 2: Complete the KYB Process
After applying, the NOWPayments team will review your submission and contact you within 3 business days to guide you through the Know Your Business (KYB) process, a necessary step for onboarding with Banxa.
Step 3: Set Up Fiat Currencies
Once your account is approved, select the fiat currencies you wish to accept (USD, EUR, GBP, etc.) by going to Settings > Coins in the NOWPayments dashboard.
Step 4: Start Accepting Payments
- Use the Payment Links feature to easily accept payments.
- For a more automated solution, you can integrate via the NOWPayments API.
Why This Offer is Great for Your Business
- Maximize Your Initial Capital: With 0% fees on card payments for the first month, you can start accepting fiat payments without upfront processing costs. Keep more of your revenue to reinvest in growth.
- Global Payment Solutions: Accept payments from customers worldwide using popular methods like cards, Apple Pay, and local bank transfers, and automatically convert them into crypto.
- Streamlined Experience: Banxa and NOWPayments handle the heavy lifting of fiat-to-crypto conversion, while you focus on growing your business.