How to create a business?
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Last updated
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Let's create a business in a few easy steps.
Enter the and click on the 'Create business' button on the side menu. Follow the onscreen process and in the end you'll have a new business in the organsiation. The process consists of several steps, now let's take a closer look at each of them.
To begin with, you'll need to name your business.
Regarding your checkout deposit process, your users would prefer for their own convenience to enter the deposit amount in their local currency. We currently support 30+ fiat currencies and we are taking the most recent exchange rates from the . This way we calculate the most up-to-date exchange rate for Fiat vs. Crypto. For instance, if your user wants to deposit 1000 Thai baht we will make sure to provide an accurate Bitcoin amount in order to receive 1000 Thai baht in your platform.
Currently supported are 9 cryptocurrencies. You can either select a few that you are happy to work with or just select them all. For currencies that have multiple networks e.g. Ethereum, USDC you can also enable or disable individual networks, so that deposits are made only on your preferred ones. At the end this is not that important as we exchange every cryptocurrency to EUR or stablecoin, which brings us to the next step.
This will be the currency to which all crypto deposits are converted. Each business has the ability to decide to hold funds in either one of the available crypto or fiat settlement currencies.
Here you can set 3 different callback endpoints, if you like to segregate them. Please refer to our API documentation to learn more about Callbacks and how to use them properly.
If you are feeling you are missing something. Feel free to reach out at info@finrax.com
At this page you can choose how to handle overpaid amounts and follow-up transactions for payment links. By default overpaid amounts are processed unless you have specific business/regulatory requirements you need to meet. Here's a more in-depth guide for
Blockchain fee configuration
Processing fee distribution
When enabled for your organisation, this option allows you to offset a part of the deposit processing fee to the end user. To find out in details how you can make use of this, reach out to us at info@finrax.com and will support you further.
Here you can configure the behavior for the business when it comes to the blockchain fees associated with any crypto withdrawal. You can find out more about this feature .