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What is FTX Pay?

FTX Pay is a widget that you can use to accept both crypto and fiat payments for your website, app, or store.

Say you're selling something for $10.

 

1) FTX Pay gives you a button to embed:

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2) Users click the button and create an account (if they don't already have one).

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3) New users will be prompted to verify their identity by providing KYC documents and deposit funds before they can send a payment. 

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4) Upon clicking add funds, users are prompted to make a deposit with credit card, ACH, or with crypto!

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6) And finally, they can pay!

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How to add FTX Pay to your site

FTX Pay offers a way for merchants to accept payments from users. There are two main destinations to which merchants can receive payments: an FTX.US account, and an external wallet. 

 

To get started on FTX Pay, navigate to ftx.us/pay

Receiving payments to an FTX.US account (recommended)

This is the default mode of payment that we recommend to merchants. Using this mode of payment, we are able to provide detailed information about the payments to the merchant, including via API. Moreover, because on a technical level the payment involves no funds entering or leaving a crypto wallet (only a transfer between two FTX accounts, which “live” on the same wallet), there are no blockchain fees to consider.

 

To receive payments to an FTX account, the first step is to create an app associated with that account. From the home page, click the Create/View apps button, which will take you to a page with a table containing the apps you’ve created. Below that table is a Create New button, which will take you to a form for creating an app. You’ll give your app a name, but that won’t be the name users will see as the destination of their payments; that name is internal to your FTX.US account, just like the names of your subaccounts. Rather, users will see your KYC-verified name as the destination of their payments until you apply to have a different custom name approved by our staff.

 

Apps you create are forever associated with the subaccount you were in when you created them. Any payments to the app land in that subaccount’s balances. If you specify that a subaccount should only receive a particular currency, all payments will be in that currency.

 

If you make a mistake while creating an app, you may delete your app so long as the app has received no payments yet. Deleting an app is permanent and irreversible. You may also disable your app, which prevents it from receiving payments but maintains the option for you to re-enable it. Disabled apps will still show up in your list of apps.

 

Creating an app requires identity verification Level 2. A 1% fee is charged on FTX Pay payments.

 

Setting up payments

From the app details page (reachable by clicking the “VIEW” button on an app in the apps page), there is a button in the upper-left corner labeled SET UP PAYMENTS. Clicking that button brings you to a new page (the “setup page”) from which you can customize the code for a payment button.

 

When you choose the size and currency of payments, it changes the code that shows up below correspondingly. When you’ve chosen parameters that you like, you can copy the code into your website’s source code, and the button should show up as expected. If you are using React, you will need to modify it slightly by changing onClick="window.open(‘...’)” to onClick={() => window.open(‘...’)}. Otherwise, integrating the button into your website will hopefully be as simple as copy-paste.

 

When users make payments to you, by default you’ll receive emails (either to the email associated with your FTX.US account, or to a custom email you provide on app creation). To do a more sophisticated backend integration, you may want to get a list of recent payments via API so you can update your database accordingly. We provide an authenticated GET endpoint for that purpose, the details of which can be found in our API documentation

 

Optionally, you can require payers to provide a memo. That memo won’t do anything on our side—it’s purely to make it easier for you to identify who’s paying you. For instance, you can have your website give them instructions on what to enter in the memo field.

 

Applying for a custom name and logo

If you want a particular name to appear as the destination of payments, and for a logo to appear instead of the ordinary FTX Pay logo at the top of the payment dialog, you can apply for a custom name and logo to be approved by our staff for your use. You can find the place where you enter a name and optionally upload an image at the app details page (https://ftx.us/pay/apps/1 will take you to the details of the first app you create, for instance) under the header “Request approval for a unique name and/or logo,” under the table of payments to the app. Custom app names and logos are subject to staff approval as an anti-phishing measure.

 

Receiving payments to an external wallet

If you are interested in DeFi applications, or simply don’t want to make an FTX.US account, you can set up FTX.US payments to an external wallet. Because there is no authenticated account from which you can ask for payment details, it will be difficult to know who is paying you by default, if you are receiving payments for services from unknown parties. Moreover, you will pay a 1% fee, plus whatever we predict the blockchain fees will be (this may differ slightly from the actual blockchain fees paid, since we charge the fee upon payment request).

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