By default balances will be held in the Payment Currency, which means whatever currency customers pay with (BTC, ETH, LTC, USDC, etc…). Merchants will be able to withdraw each crypto balance separately.
To simplify accounting, SpankPay provides the ability to hold all payments received in a single currency.
Merchants can choose from:
- Payment Currency (default)
Simply log in to SpankPay, click Settings, and change your Holding Currency to that which you desire. Please note: By selecting ETH or BTC, you accept the volatility (gains and losses due to price fluctuations) of those currencies. Choosing USD will keep your balance stable, but it will be withdrawn as ETH.