Fiat Deposits for Exchanges, Brokerages, and OTC Desks

A new acquirer does not fix an issuer-side decline

Crypto deposits can be blocked or capped by the customer's issuer or bank before the business ever sees the payment. ACH and wire remain efficient for customers who can use them, but they do not serve every attempt.

Peer Pay is best treated as an additional route for the payment attempts that fail elsewhere, not as a more expensive replacement for every bank transfer.

What changes with Peer Pay

Peer Pay is checkout software, not a payment processor or merchant account. The customer starts a payment from a supported app, a cryptographic proof verifies the transfer, and USDC settles to a self-custodial wallet controlled by the digital-asset business. Peer does not hold the merchant's funds, so this flow has no processor balance, rolling reserve, or payout schedule.

That different settlement path does not change the underlying sale. The merchant still owns product eligibility, licensing, customer checks, fulfillment, refunds, taxes, disclosures, and every rule that applies in the places it serves.

How the payment works

1. Create the order. Use a hosted payment link, ecommerce integration, embedded checkout, or Scan to Pay at the counter.
2. The customer chooses a supported app. They review the recipient and amount, then approve the payment on their own device.
3. Wait for proof. Peer verifies the transfer before the order is marked paid. A screenshot is not payment confirmation.
4. Reconcile settlement. USDC reaches the wallet controlled by the digital-asset business, and the dashboard keeps the payment tied to the order.

When the fit is strongest

• You want a second payment rail that does not create a processor-held balance.
• Your customers already use supported payment apps and can approve each purchase themselves.
• You can receive USDC in a self-custodial wallet and reconcile it into your own operations.
• You can apply your existing KYC, sanctions, transaction-monitoring, and source-of-funds controls to the resulting deposit.

Before you launch

• Keep ACH and wire for customers they serve well; compare Peer Pay against failed deposit volume.
• Peer Pay does not replace licensing, KYC, sanctions screening, Travel Rule, or transaction-monitoring duties.
• Virtual-asset businesses are restricted and require prior written approval from Peer.

FAQ

Is this cheaper than ACH or wire?

Usually not. The strongest fit is deposit volume that fails or is capped on existing rails, while cheaper bank rails remain available for the rest.

Does Peer perform the exchange's customer compliance program?

No. The business remains responsible for its licenses, KYC, sanctions, Travel Rule, source-of-funds, and monitoring obligations.

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