What is Wyre Checkout?
Wyre allows you to present your customers with a straightforward way to purchase cryptocurrency through our Hosted Checkout. Checkout can be instantiated through a redirect to our widget (Hosted Redirect) for your user to complete the transaction or by opening a dialog (Browser Dialog) and loading Wyre Checkout on your website.
You can pass in certain Parameters to pre-fill information on behalf of the user such as a wallet address or a purchase amount to help expedite the transaction. Once the purchase is complete, you can redirect the user back to your website or app.
Pricing
Currently, there is no cost to integrate Wyre with your business. All fees are assessed to the end-user. You can see a breakdown of the fees per transfer (Fiat --> Crypto) in the table below.
| Payment Method Type | Service Area | Fees |
|---|---|---|
| Debit Cards | US | 3.9% + $0.30 |
| Debit Cards | International | 5.4% + $0.30 |
| Apple Pay | US | 3.9% + $0.30 |
| Apple Pay | International | 5.4% + $0.30 |
Credit Card Fee Considerations
Credit card issuers have begun applying fees to transactions involving cryptocurrency. Some card issuers are classifying cryptocurrency transaction as cash advances.
Fees charged by credit card issuers are beyond Wyre's control. You may wish to alert your users that their credit card issuer may apply additional fees. The user should understand their card's terms of service.
Minimum Fee
There is a minimum fee when using Wyre Checkout. This is important to consider when processing small transactions.
| US | INTERNATIONAL |
|---|---|
| $5 minimum fee or 3.9% + 30c, whichever is greater. | $5 minimum fee or 5.4% + 30c, whichever is greater. |
Fee Notice
As a partner of Wyre, you can add your own fee on-top of Wyre's to generate revenue for your business. This should be discussed with your Wyre Sales Representative during the time of contract creation and signing.
Transaction Processing Limits
| Domestic (US) | Weekly: $500 Monthly: $2,000 Yearly: $5,000 |
|---|---|
| International | Weekly: $1,000 Monthly: $4,000 Yearly: $7,500 |
The limits work on a rolling basis so if someone reached their weekly limit on a Friday they would have to wait 7 days until the following Friday to make another purchase up to their weekly Limit.
Preparation
Before attempting to integrate, you'll need to create an account in Wyre's testing environment. Head on over to testwyre.com to create it to start this process. You may enter dummy information for all required fields, including email, password, address, name, etc. Some validation is still active so single-letter names and bogus addresses may still be rejected. You may upload any image for document upload prompts. When using a production account, you'll need to pass in real KYC information.
After a short time, your account should automatically transition to APPROVED. (If it does not, please contact support) Once this happens, return to the widget to see you now have access to fund your account!
Payment Methods - Debit Cards
Debit Card Payments
There are two ways to provide debit card payments for users using the widget. You have the option of providing users with Apple Pay**, Debit Card.
** Apple Pay will only work with Apple devices and on the Safari browser.
Test Environment
Wyre offers a test environment for the hosted debit card widget. The test environment can be accessed at pay.testwyre.com/purchase.
To test transactions please use these provided debit cards. To ensure you have a successful transaction keep transactions <$1. Anything over $10 will fail automatically.
Test Cards for International
| Card Type | Card Number | Expiration | CVV |
|---|---|---|---|
| VISA | 4111111111111111 | 10/23 | 123 |
| MasterCard | 5454545454545454 | 10/23 | 123 |
Test Cards for US
| Card Type | Card Number | Expiration | CVV |
|---|---|---|---|
| VISA | 4111111111111111 | 10/23 | 123 |
| Mastercard | 5555555555554444 | 10/23 | 123 |
Bank Statement Authorization and SMS Code
You'll be required to enter two codes to validate the bank account and phone number for the test transactions. You can enter 000000 for both to complete this verification.
Geographic Restrictions
Non-Operational States in the US
| Payment Method | Non-Operational State |
|---|---|
| Card Payments | New York Texas |
| ACH | Connecticut Hawaii New York New Hampshire Texas Vermont Virginia |
Non-Operational Countries
| Afghanistan American Samoa Angola Anguilla Barbados Belarus Bosnia & Herzegovina Central African Republic Congo (DRC) Cote d’Ivoire (Ivory Coast) Cuba Ecuador Eritrea Ethiopia Fiji Guam Guinea-Bissau Guyana Haiti Iran Iraq Kosovo Laos Lebanon Liberia | Libya Macedonia Myanmar Nigeria North-Korea Palau Panama Papua NG Russia Samoa Serbia Seychelles Somalia Sudan Syria Trinidad and Tobago Turkey Turkmenistan Ukraine US Virgin Islands Uzbekistan Vanuatu Venezuela Yemen Zimbabwe |
If you see your region listed above, please understand that there are regulatory restrictions in place that prevent us from being able to operate in these regions.
If you do not see your region listed above, but you don't see it listed when checking out using Wyre, know that we're actively working to support your region!
Go Live
Before going live, you'll want to make sure that you:
- Finalize your Partnership Agreement with Wyre
- Create your production Wyre account and complete KYC
- Configure the Widget for the production environment
That's it! You're now ready to accept fiat-to-crypto payments natively in your app.