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Buy and Sell Crypto in Seconds with InstantPay! 🚀
When selling and buying crypto, you can now opt for offers with the "InstantPay" badge for instant transactions.
At Onboard, we're always listening to your feedback and innovating to make buying and selling crypto a seamless experience.
What is InstantPay?
Instant Pay ensures you get your crypto immediately after making payment in your local currency when buying, and you receive immediate cash payments into your bank accounts when selling crypto.
Whether custodial or non-custodial, one of the biggest drawbacks of peer-to-peer platforms is the time it takes for users to complete transactions. If you've ever sold crypto, you're familiar with the process: the buyer has to log in to their bank account, and then make a transfer to the seller. The seller then has to confirm receipt of cash before the crypto is released and the transaction is completed.
InstantPay eliminates most of these steps and helps you go from crypto to cash and vice versa in just a few seconds. On the sell end, once your order has been initiated and your crypto held in secure escrow, cash is released immediately into your account. On the buy end, once you confirm that you've made payment into the seller's account from your account, the crypto is immediately sent to your wallet.
*Only selected merchants carefully chosen by Onboard are able to support InstantPay.
The Perks of Using InstantPay
InstantPay enhances your experience by eliminating delays in receiving payments, helping you go from crypto to fiat and vice versa more efficiently and seamlessly.
Here are some of the benefits for both merchants and customers on Onboard:
Instant Transactions: You no longer need to wait for a merchant to manually send cash from their bank account or mobile wallet. Once your sell order is initiated and secured in escrow, you get your cash almost instantly. When buying crypto, your crypto is automatically released in a minute or less after you make a cash deposit and mark your order as paid.
Reduced chances of errors: You don't have to worry about receiving wrong amounts anymore, as InstantPay is an automated process that ensures you get the exact amount on your order.
Safe and secure: Only selected merchants are able to process InstantPay transactions.
Little effort required to manage your orders. You can just set up an account and focus on liquidity management.
Reduced chances of errors, e.g. transferring to wrong accounts or sending wrong amounts as things are now fully automated.
Ability to accept multiple orders as long as you have sufficient liquidity (fiat for offramp, crypto for onramp).
Funds are still securely managed in your trading wallet.
Note: InstantPay automatically completes buy orders of $200 or less and sell orders of $500 or less. Orders above this amount will be manually confirmed by the seller.
For a quick and easy experience when buying and selling your crypto, download Onboard Wallet to experience InstantPay.