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CRYPTO-CONSUMERS WITH HIGH-END RETAIL
Tap into the growing crypto-consumer segment, inclined to spend their digital assets on luxury goods.
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WHY CRYPTO AND LUXURY GOODS?
Crypto consumers spend twice as much as credit card holders
47% of millennial milionaires surveyed hold more than 25% of their wealth as cryptocurrency
36% of crypto holders have an annual income of $100K USD
The world’s largest diamond was bought at $4.3M USD using crypto
Top brands such as Gucci, Hublot and Farfetch already accept cryptocurrencies
BETTER, SAFER & FASTER THAN CREDIT CARD PAYMENTS
Cryptopayments offer a new way to process transactions with great benefits to merchants. Transaction fees are lower, sales are final meaning no chargebacks and with ForumPay you get access to funds directly from your bank account every night. ForumPay is able to offer a fixed discount rate that’s lower than traditional payment options with no hidden transactional fees.
- Daily access to funds.
- No chargebacks, full protection against fraud.
The customers make payments directly from their crypto wallets.
HOW IT WORKS
ForumPay instantly converts crypto into FIAT at the moment of purchase.
The funds are immediately reflected on the merchant dashboard and settled into the business's bank account the following business day.
WHY FORUMPAY?
ForumPay elevates transactions, enabling businesses to secure new revenue streams without added risk or complexity. ForumPay is meticulously designed to address the challenges faced by global businesses and payment processors by guaranteeing scalability, compliance, speed, and security. ForumPay solutions empower users with the ability to:
- Reach over 575 million crypto-consumers via a wallet-agnostic solution.
- Avoid cryptocurrency volatility through instant confirmation and conversion to USD, EUR, GBP, or other traditional FIAT currencies.
- Receive direct bank deposits on a daily basis.
- Integrate the system smoothly into existing payment flows.
- Transact safely with dependable security measures.
- Assure compliance with all international jurisdictions.
- Benefit from established trust with top payment leaders.
Step confidently into innovative transaction processing with ForumPay.
SECURITY AND COMPLIANCE ABOVE EVERYTHING ELSE
ForumPay’s ability to authenticate the origin of funds and the duration of digital assets in a particular wallet earns it the distinction of being an approved solution by Fannie Mae and Freddie Mac.
We ensure the highest level of KYC/AML compliance and security for our merchants through our partnership with Sum & Substance.
We instantly verify the consumer’s wallet, availability of funds and flag any security concerns with our partners at Chainalysis.
FAQs
No, there is no minimum.
Crypto-consumers are one of the fastest-growing segments in the world, with over 575 million wallets issued to date.
Studies show that crypto consumers spend twice the AOV of a typical credit card consumer, and that 40% are new customers.
Plus, paying in cryptocurrency is more efficient than traditional payment methods, as much fewer parties are involved in the payment process.
We charge a single, all-inclusive transaction fee. There are no other hidden charges.
We currently support Bitcoin, Bitcoin Cash, Litecoin, Ether, DASH, XRP, USDC on Ethereum and Polygon blockchains and USDT on Ethereum, Tron and Polygon blockchains, MATIC and TRX.
As we own and operate our own exchange, we can easily add additional cryptocurrencies to meet customer demand.
We initiate settlement at the end of every business day, subject to a minimum settlement amount, and at the end of every week as an absolute minimum.
No, all transactions carried out on the blockchain are final. There is no risk of chargebacks.
We provide instant confirmation for cryptocurrency transactions, which acts as a payment guarantee for the merchant.
All digital crypto wallets are supported by ForumPay. Our solution is fully wallet-agnostic.
Yes, we offer this service. Remember that your business could be exposed to volatility risks due to the fluctuating crypto market.
Yes, we also offer a crypto-to-stablecoin processing flow with your stablecoin funds settled into your wallet on a daily basis.
ForumPay is a global cryptocurrency payment platform. We operate across the world, apart from in ultra-high-risk jurisdictions and those on the OFAC sanctions list.
No, we instantly convert crypto to FIAT the moment the transaction occurs.
Yes, we guarantee funds for all confirmed transactions.
We aggregate price feeds from several major cryptocurrency exchanges to provide the best available real-time exchange rate for the transaction.
Yes, our solution is fully automated from end to end, and all funds are converted into FIAT and settled into your bank account automatically. No manual intervention is required.
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