Frequently Asked Questions
Everything you need to know about accepting crypto payments with EruditePay.
EruditePay is a cryptocurrency payment processor that lets merchants accept crypto payments and receive stablecoins (USDC). We handle all the complexity — token conversion, gas fees, settlement — for a flat 1% fee. No hidden costs, no volume minimums, no monthly subscriptions.
Everything. The 1% covers DEX swap fees (converting the customer's token to USDC), blockchain gas costs, payment processing, and settlement to your wallet. There are no additional network fees, conversion fees, or withdrawal fees. What you see is what you pay.
We currently support Base (Coinbase's Layer 2, EVM-compatible) and the Tron network. Base offers sub-cent gas fees and fast settlement for the Western market. Tron handles over 50% of global USDT volume and dominates in Southeast Asia, Africa, and Latin America. Together, they cover the vast majority of stablecoin payment activity worldwide.
Customers can pay with USDT, USDC, ETH (on Base), and TRX (on Tron). We automatically convert whatever the customer pays with into USDC for the merchant, so you always receive a stable asset regardless of what the customer sends.
Sign up for a free merchant account, connect your wallet address (where you want to receive USDC), and you'll get a unique payment link and QR code. Share that link with customers — on your website, at the counter, in invoices, wherever. That's it. No approval wait, no minimum volume requirements.
Yes. Erudite Intelligence LLC is a registered Money Service Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), registration number 31000283503553. We operate within US regulatory frameworks.
Our contracts have undergone external security audits with 695 combined tests and 3.9 million fuzz runs across both chains, with zero critical findings. The contracts feature dual-key governance, 48-hour timelocks on sensitive operations, and emergency pause functionality. All contract source code is verified and publicly readable on their respective block explorers.
No. Crypto payments are final and irreversible once confirmed on-chain. There are no chargebacks, no disputes, and no fraud reversals. This is one of the biggest advantages over traditional payment processors where chargeback fraud costs merchants billions annually.
Payments confirm on-chain within seconds to minutes depending on the network. On Base, transactions typically confirm in under a minute. On Tron, confirmation takes about 60 seconds (19 blocks). Once confirmed, USDC is sent directly to your wallet. No 3-5 business day hold like traditional processors.
No. There is no minimum volume, no minimum withdrawal amount, no monthly subscription, and no setup fee. You pay 1% only when you process a payment. If you process zero transactions in a month, you pay zero.
We don't hold your money. Payments are processed through on-chain smart contracts and settled directly to your wallet address. You maintain full custody of your funds at all times. We never have access to your wallet or the ability to withhold your payments.