GBP Fiat Settlements for Pay Merchants

Enjoy the flexibility to receive payouts via fiat or crypto

Mar 07, 2023

We’re excited to announce that Pay merchants* can now receive their settlement payouts to their bank accounts in British Pound Sterling (GBP).

Fiat settlements will enable Pay merchants to offer over 20 cryptocurrencies as a payment option to their customers while safeguarding themselves from crypto price volatility. Pay merchants* can now opt for GBP settlements through the Merchant Dashboard Settings page and clicking on the Payout tab. 

In addition to GBP fiat settlement payouts, merchants can also choose to receive payouts via the following fiat monies, cryptocurrencies, and stablecoins:

  • US Dollar (USD)
  • Euro (EUR)
  • Australian Dollar (AUD)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cronos (CRO)
  • USD Coin (USDC)

Learn more about supported payment and settlement currencies here. Pay allows merchants to receive over 20 cryptocurrencies from’s growing global base of over 80 million users with no transaction fees. In addition to real-time payments through the App, customers worldwide can also pay with other wallets on-chain. To drive business for Pay merchants, provides a merchant catalogue and Pay Rewards when users check out with’s native token, Cronos (CRO), offering up to 10% back during promotional periods.

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  • A transmittance fee may be applied depending on the intermediaries between the merchant’s bank and’s fiduciary partners.
  •’s fiduciary partners facilitate transfers to most of the international banks around the world.
  • is not responsible and liable for wire transfers across countries made by merchants’ banks and’s fiduciary partners.
  • Pay settlement fee applies. 
  • The fees and limits applicable to settlement payouts can be found in the Merchant Dashboard‘s Fees and Limits section.

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