RedotPay Circle Payment Network Integration
RedotPay Joins Circle Payment Network to Power Crypto-to-Fiat Multi-Market Payouts
What This Integration Delivers
- Faster settlement windows: Move value 24/7 with stablecoins; convert at the edge into local currencies.
- Multi-market coverage: Streamlined access to popular payout corridors via Circle’s network (availability varies).
- Transparent quotes: See FX rate, fees, and ETA before you confirm.
- Compliance by design: KYC/KYB, sanctions screening, and risk controls aligned with payout corridors.
- Cleaner ops: Reference IDs, memos/tags, and downloadable statements for accounting.
How the Flow Works
- Fund: Add USDC or supported balances to RedotPay.
- Route: Keep transport on a low-fee chain for speed and cost control.
- Quote: Pick a destination market; preview live FX, fees, and estimated arrival.
- Convert at the edge: Swap into local currency just before delivery.
- Payout: Send to the recipient’s local bank rails (where RedotPay supported).
- Reconcile: Track status in Activity; export receipts with your memos/tags.
Pro tip: Avoid multiple bridges. One cheap transport leg + edge conversion usually beats all-in-one RedotPay swaps for both speed and cost.
Who Benefits Most
- Global teams & contractors: Weekly batch runs to multiple countries with predictable timing.
- Freelancers & agencies: Faster client settlements; cleaner records for invoices.
- Marketplaces & creators: Split payouts programmatically; reduce cross-border friction.
- Remittances & family support: Transparent fees and near-real-time delivery windows where corridors are supported.
Fees, FX, and Timing
- Network fee: Keep your “transport leg” on a low-fee chain to minimize cost.
- FX spread: Shown upfront in the live quote; this is the biggest driver on fiat payouts.
- Payout fee: Corridor-specific; visible before you confirm.
- Estimated arrival: Often minutes to same day on popular routes; compliance reviews can add time.
Controls & Compliance
- KYC/KYB required for higher limits and corridor access.
- Risk controls: Velocity checks, sanctions screening, and country/MCC rules reduce abuse.
- Audit trail: Memos, tags, and reference IDs on every transaction; monthly CSV exports.
Best-Practice Playbooks
Payroll Across Markets
- Keep treasury in USDC → schedule batch payouts → convert at the destination currency → export CSV for books.
Vendor & Invoice Payments
- Save vendors as Contacts with bank details and tags (e.g., MX-SPEI, BR-PIX).
- Use memos (PO/invoice #) for perfect matching.
Remittance / Family Support
- Start with a small test; whitelist recipients once verified.
- Time transfers when spreads are tight; keep alerts on for delivery notices.
Quick Start
- Verify your account (KYC/KYB).
- Fund with USDC/other supported balances.
- Open Global Payout → choose destination market.
- Enter recipient details (exact legal name + required IDs).
- Review the live quote (FX, fees, ETA) → Approve with passkey/2FA.
- Track & export receipts from Activity.
FAQs
Which currencies and countries are supported?
Coverage depends on corridor and tier. Check the in RedotPay app payout list for the latest availability.
Is USDC required?
USDC is commonly used due to its liquidity and settlement behavior, but other balances may be supported—confirm in-app.
How are fees calculated?
You’ll see network fee (if any), platform/payout fee, and FX on the quote screen before confirming.
What if recipient details don’t match?
Mismatched names or IDs can delay or fail payouts. Always match bank record name and country-specific identifiers.
Does this change my card limits?
No— RedotPay card/BIN limits are separate from payout corridor limits.