As stablecoin and crypto payment adoption accelerates, payment service providers and acquirers are under growing pressure to offer merchants a credible on-chain payment option, without taking on the complexity of building stablecoin and crypto infrastructure themselves. WalletConnect Pay is built specifically for that problem: enterprise-grade stablecoin and crypto payment rails that plug into your existing stack, with a commercial model designed for PSPs distributing to merchant bases at scale.
Whether you're evaluating WalletConnect Pay for the first time or working through a technical or commercial due diligence process, this FAQ covers the questions we hear most from PSPs, acquirers, and enterprise merchants.
What is WalletConnect Pay?
WalletConnect Pay is a stablecoin and crypto payment infrastructure layer designed for payment service providers, acquirers, and enterprise merchants. It enables PSPs to offer their merchants a seamless, stablecoin and crypto checkout experience, powered by WalletConnect's existing wallet connectivity network, without building the underlying infrastructure themselves. It's a plug-in stablecoin and crypto rails layer that sits on top of your existing payment stack.
Who is WalletConnect Pay built for?
WalletConnect Pay is primarily built for PSPs and acquirers looking to add stablecoin and crypto payment acceptance to their product offering. It's also relevant for large enterprise merchants who process high volumes and want direct access to on-chain settlement. If you're running payment infrastructure for others, WalletConnect Pay is designed to plug into your platform.
What problem does WalletConnect Pay solve?
Most PSPs that want to offer stablecoin and crypto payments face two bad options: build complex wallet connectivity, on-chain routing, and settlement infrastructure from scratch, or rely on a third-party processor that takes a large cut and limits control. WalletConnect Pay offers a third option, enterprise-grade stablecoin and crypto payment rails with a transparent commercial model, built on the wallet connectivity standard that already has broad adoption across the industry.
What payment methods does WalletConnect Pay support?
WalletConnect Pay supports stablecoin and crypto payments from any wallet that supports the WalletConnect (Over 700, which includes Binance Wallet, Trust Wallet, Fireblocks, Bitget Wallet, Kraken Wallet, Gemini Wallet, and many more), which covers the majority of self-custodial wallets on the market. Merchants can accept stablecoins (including USDC and USDT) as well as native assets across supported chains. The supported asset and chain list continues to expand as the product grows. You can find more info about what assets are supported here.
How does integration work for PSPs?
PSPs integrate via the WalletConnect Pay API, which is designed to sit within your existing checkout or payment flow. The API handles wallet connection, transaction signing, and on-chain submission, so you don't need to manage those layers directly. Integration is typically completed in days rather than months. WalletConnect's team provides onboarding support and documentation throughout.
Does my engineering team need blockchain expertise?
No blockchain expertise is required. The API abstracts the complexity of wallet connectivity and on-chain transactions, exposing familiar API patterns for payment engineers. WalletConnect's developer documentation and support are designed with traditional fintech engineers in mind.
Can WalletConnect Pay be white-labelled?
Yes. PSPs can embed WalletConnect Pay within their own branded checkout experience. Merchants on your platform see your product, not WalletConnect's, which is important for PSPs who want to offer stablecoin and crypto acceptance as a native feature of their payment suite rather than a third-party bolt-on.
How does settlement work for merchants?
Settlement options depend on how your PSP has configured the integration. Merchants can receive settlement in stablecoin and crypto (on-chain, direct to their wallet) or in fiat via an off-ramp. Fiat settlement is the most common model for merchants. They receive the fiat equivalent value of USDC or USDT, which can then be off-ramped through one of our partners.
What does the off-ramp process look like?
Off-ramp converts stablecoin and crypto proceeds into fiat and deposits to a merchant's bank account. WalletConnect Pay connects to off-ramp infrastructure, though the specific provider and process depend on your region and PSP configuration. Off-ramp fees are separate from the core transaction fee; your WalletConnect account manager can walk you through the applicable structure for your volume and geography.
Is direct-to-merchant settlement available?
Yes. For merchants or PSPs that prefer on-chain settlement without routing through an intermediary, direct-to-merchant settlement is supported. This model gives the merchant or PSP full control over their stablecoin and crypto treasury. Monthly minimums and specific terms apply; speak to the WalletConnect Pay team for eligibility details.
How does WalletConnect Pay's fee structure work?
WalletConnect Pay uses a volume-based fee model. Transaction fees are applied per payment processed, with rates that scale based on monthly volume. Higher-volume PSPs and merchants access lower per-transaction rates. Integration and onboarding fee structures vary depending on whether you are a PSP distributing to merchants or a direct merchant. Speak to the team for a tailored quote based on your expected volume.
Are there monthly minimums?
Monthly minimums apply to certain account types, particularly those accessing direct settlement or premium commercial terms. If your volume is variable or seasonal, this is worth discussing with the WalletConnect Pay team during onboarding.
How does WalletConnect Pay handle compliance?
WalletConnect Pay is built for regulated payment environments. WalletConnect does not custody funds; it facilitates the connection between wallets and payment flows. Compliance obligations such as KYC, AML, and transaction monitoring remain with the PSP or acquiring bank, as they do with other payment methods today. However, WallectConnect Pay does collect user and wallet address the first time for sanction screening. This is to refrain from processing funds from fraudulent sources. WalletConnect provides documentation and technical support to help PSPs satisfy their compliance requirements during integration.
Is WalletConnect Pay suitable for regulated markets?
WalletConnect Pay is designed to work within regulated payment frameworks. Because the infrastructure layer does not take custody of funds and operates as a connectivity and routing protocol, it fits into existing PSP regulatory structures more cleanly than custodial stablecoin and crypto payment processors. Each market has its own regulatory requirements for stablecoin and crypto payments. We recommend discussing your specific jurisdiction with your legal team and the WalletConnect Pay team during evaluation.
Ready to explore WalletConnect Pay for your platform? Get in touch with the team to discuss your volume, integration requirements, and commercial model.