Payment processing for crypto and digital asset businesses
Card processing for crypto-related businesses such as software, education, mining hardware and blockchain services, reviewed by specialists who understand the space.
Why crypto businesses are hard to place
Few industries face as much payments friction as crypto. Card networks, banks and processors treat crypto-related businesses as high-risk because of:
- Regulation. Rules for digital assets vary by country and U.S. state and continue to evolve.
- Money transmission. Businesses that hold or exchange customer funds may need registration with FinCEN as a money services business and state money transmitter licenses.
- Fraud. Stolen cards are frequently used to buy assets that can be moved quickly and irreversibly.
- Volatility. Price swings can lead to buyer's remorse and disputes.
Crypto businesses processors commonly review
What you sell matters more than the word "crypto". Underwriting is usually more straightforward for businesses that sell a product or service rather than the digital assets themselves, for example:
- Trading, portfolio and wallet software sold by subscription
- Education, courses, research and newsletters
- Mining hardware and accessories
- Blockchain development and consulting services
- Events and conferences
Businesses that let customers buy digital assets directly with cards face the strictest requirements, including licensing and robust identity verification.
What underwriters look for
- A clear description of exactly what customers pay for
- Any licenses or registrations that apply to your activities
- KYC and anti-money-laundering procedures, where relevant
- A website with transparent pricing, terms, refund policy and risk disclosures
- Ownership details and processing history
Crypto payment processing with Zeyla
Zeyla reviews applications from crypto and digital asset businesses. Every application is read by a payments specialist who will tell you plainly what is possible for your model and what documentation is needed. Applying is free, takes about 3 minutes, and you will hear back within 2 business days.
- A payments specialist reviews every application
- Online and in-person payments
- Invoicing and payment links
- High-risk businesses welcome
- Free to apply, about 3 minutes
Frequently asked questions
Can crypto businesses get a merchant account?
Many can, depending on what they sell and how they are licensed. Businesses selling software, education, hardware or services are generally easier to place than those selling digital assets directly for cards.
Do I need a license to accept cards for crypto?
It depends on your activities. If you hold or exchange customer funds, registration as a money services business and state licenses may be required. Speak to a legal advisor about your specific model.
Why are crypto payments so often declined?
Some card issuers block crypto-related purchases, and fraud rates in the category are high. Clear billing descriptors and strong verification help legitimate customers complete payment.
Will Zeyla tell me if my model is not a fit?
Yes. A payments specialist reviews every application and will explain what is and is not possible for your business.
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