At Lumen Pay, we are constantly looking for ways to improve the financial agility of our merchants. Today, we are thrilled to announce a game-changing feature: Stable Coin Withdrawals.
The Problem with Traditional Banking
For years, businesses have been held hostage by the limitations of the traditional banking system (SWIFT/SEPA). Withdrawals often take 3-5 business days to process, are subject to banking hours, and pause completely during weekends and holidays. For a modern digital business, this latency is unacceptable.
The Solution: USDC & USDT
Starting today, you can withdraw your available balance directly to your crypto wallet using USD Coin (USDC) or Tether (USDT) on the TRC20 or ERC20 networks. This integration represents a massive leap forward in settlement speed.
Why is this a breakthrough?
- Speed: Transactions are processed on the blockchain, typically settling in under 5 minutes, regardless of where you are in the world.
- 24/7 Availability: The blockchain never sleeps. Withdraw your funds on a Sunday night or a public holiday without delay.
- Lower Fees: Bypass intermediary banks and their wire fees. Stable coin network fees are often a fraction of the cost of an international wire transfer.
How to Enable
Navigate to your Dashboard > Account Settings > My Profile > Payout Account Type. Select Account Type (Crypto - Stable Coin - USDT or Crypto - Stable Coin - USDC) choose your preferred stable coin (USDC or USDT), and enter your wallet address. Once verified, you can request payouts instantly.
Security First
We employ strict address whitelisting and 2FA verification for all crypto withdrawals to ensure your funds remain secure. This feature is available immediately for all Pro and Business plan merchants.