[Switch.to] Monero payment gateway / Sovereign banking for everyone
[Switch.to] Monero payment gateway / Sovereign banking for everyone
Built on the the principles of freedom and sovereignty, an account number on Switch is a public identity for any business online wanting to accept crypto payments without any middlemen. Monero wallets can be connected using only the public keys.
Switch also supports payments in Bitcoin, Litecoin, Ethereum, Dash and multiple third party tokens (USDT, USDC, DAI).
Integrations with WooCommerce and WHMCS are already supported (refer to docs). Requests for more integrations are welcome from the community here.
Registrations open at
Documentation available on
Blog post from the project author
https://anhad.com/the-world-of-borderless-banking
Screenshots
Your public address page
Making a payment to your Switch account connected with your crypto wallets directly via public keys
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Cool, like a Stripe alternative for crypto?
Not exactly.
- Switch doesn't hold your funds, they go straight to your wallet
- Switch is free for the 1st 10 payments per month, then the cost is $1 per payment or less (look at paid plans). Stripe costs 3-4% of each transaction. Switch does not use % of transaction value on billing.
- Switch has no KYC
- Switch account numbers are public handles like https://switch.to/pay/123456 (here 123456 is your account number) which anyone can access and make payments to.
OK, so what exact service are they offering here? Someone pays Monero, it goes straight to your wallet. Want do you need to pay per transaction to them for?
You get a single handle/link to accept multiple coins under one roof + insight into billing data, all without giving up control of your funds to a third party. It costs $1 to accept a single payment under the 1st paid plan. 10 payments per month are free (if you don't have a paid plan).
Yes the benefits sound better but I mean is it something easy to integrate, easy to ship etc because most people use stripe for payments because they just want to ship things fast and everything else (btcpayserver etc) has a time consuming setup needed first
An account on Switch can be registered in less than a minute and you are good to go, since it is not self-hosted - no effort is required.
Kinda. Difference is Switch doesn't hold your funds before sending it to you. When someone pays, it goes directly to whatever wallet you have setup in Switch.
That said. Their software is not open source, so you have to trust their software is safe and sound. Because from the looks of it, if they get hacked, someone could just change your account wallet to their own and all payments would then go to them instead of you.
I don't use Switch so please take what I said with a grain of salt.