Sell On Peerwallet
Accept payments from your website or via payment or product links.
About Selling On Peerwallet
On Peerwallet, you can accept payments from your website or via payment or product links. Your customers would be able to pay you using several payment methods.
You can accept payments from Peerwallet and non Peerwallet users, Peerwallet existing users can pay you from their wallet balance, or they can pay via Crypto, several Debit - Credit cards gateways, Paypal, Bank transfer, Perfect Money and many other payment methods..
No matter the payment method used, you would receive all payments in one wallet and you are able to withdraw to your preferred method, Bank, Crypto, Paypal or your preferred choice.
Why You Should Sell Using Peerwallet
Here are a few reasons why using sell on Peerwallet is the perfect solution to your business needs.
P2P Multi Gateway
Peerwallet's P2P payment gateway offers various options from financial institutions, banks, and licensed fintechs. Available gateways depend on your location, verification, industry, deposit, and sales history. Contact us for assistance.
Low Fees
On peerwallet, the starting fee is 1%, Vendors then add how much they want to charge per transaction, this can range between 2% to 15% depending on your location, industry, your verification status, your security deposit level, & your sales history on Peerwallet.
Zero Exchange Rate Fee
You can sell in multiple currencies, and they are converted to your main currency’s balance without any exchange rate fee. This would give you confidence of same official rate value each time you make a sale, without losing a penny as exchange rate fee.
Multi Balance Purpose
On Peerwallet, you can use your balance for multiple purposes; you can transfer to other Peerwallet user or use it at the Peerwallet’s Market place.
Instant Availability Of Funds
When you make a sale on Peerwallet, the funds are available instantly. You can transfer them to someone else or you withdraw to bank or Crypto which would take between 24 – 72 hours depending on your account’s reputation.
Simple API integration
Peerwallet has simplified how to remotely connect to several available features and also accept payments, you can check the API
docs fromHERE
Rich Knowledgebase
Because we know you would need more information, we have written a very comprehensive knowledgebase where you can easily find answers to hundreds of topics easily from HERE
High Risk Industries
With the basic requirements set, your business would be able to sell using Peerwallet. You can confirm from us via the chat for a quick guide.
How It Works
Peerwallet, a P2P semi-decentralized finance marketplace, uses third parties for funding and withdrawals. At checkout, customers choose a gateway to pay, and funds are credited to your Peerwallet account and then sent to your withdrawal method when due. Merchants or vendors, including fintech companies and banks, enable these payments. To prevent fraud, they set basic requirements for sellers, such as:
Account Verification
On Peerwallet, you can begin without verification though with some limits, most Vendors will set their gateways to only show to sellers who have at least verified their account, some would require Company verification level.
Pre-Start
There are some sellers who want to begin selling without actually depositing funds for security deposit, this feature is called Pre-Start where the earned funds are placed on hold until it gets to the pre- start value and then automatically locked, please learn more fromHEREDomain Verification
Domain verification is optional but highly recommended if you want access to pre-approved vendors with quality gateways for customer wallet loading at checkout. It ensures your business category is correctly placed, facilitating pre-approval from financial partners. While not required for selling through the Peerwallet shop, verifying your domain is advisable if you intend to sell from your domain, enhancing your business’s credibility and operational efficiency on Peerwallet.Security Deposit
Vendors who offer crypto gateways normally do not require security deposit since Crypto payments aren’t reversible. Those vendors who have integrated credit-debit card gateways would require you have some security deposits first if you want your customers to pay using their gateway. Since you are a new seller without any reputation yet on Peerwallet, this is a feature which protects vendors incase there is a chargeback request, funds from your security deposit would be used to settle it incase you don’t have any balance on Peerwallet.Most vendors would require you lock a minimum of $500 for a duration of 3 Months which is automatically re-locked if you are actively selling, learn moreHERE The total value to lock is dependent on your estimated weekly volume.
Expected Volumes & Holds: This only applies when your customers are paying you via reversible payment method, according to this linkHERE
Your sales limits are calculated this way. 100 / 20 * security deposit.20 in this case is your security level, as you begin to sell without very low chargebacks the rate would reduce which would then increase your sales Limit for the week. In this scenario, your sales Limit for the week for a $500 security deposit at 20% margin is $2,500, when you make sales above $2,500 weekly the extra would go on hold for 14 days before it’s then available for withdrawals.
Getting Started
Depending on the method which would be deployed, the popular method are to
Create an account
Verify your account
Verify your domain name & select your industry
Add some security deposits or use the Pre-start option
Set your withdrawal method Create an account
Integrate Peerwallet using available ready make plugins or via the API Create an account
Accept payment!
Accept payments from customers globally, easily send funds to another Peerwallet user or withdraw your funds easily.
