Skip to main content
All CollectionsFAQ
How Does PalPayments Feature Work?
How Does PalPayments Feature Work?
P
Written by PalWallet Support
Updated over 7 months ago
  • Invoicing - PalWallet generates and displays an invoice on your Point-of-Sale (POS) device, detailing the amount due for the transaction.

  • Payment - Your customer pays the invoice using PalWallet at a locked-in exchange rate, ensuring the price is fixed at the time of the transaction regardless of market fluctuations.

  • Conversion - PalWallet automatically converts the customer's cryptocurrency payment into your local currency, using real-time exchange rates for accuracy.

  • Transfer - After conversion, PalWallet initiates a bank settlement to your account on the next business day, streamlining the process of transferring the fiat currency equivalent of the crypto payment.

Did this answer your question?