Crypto-to-Fiat Settlement: How Merchants Get Paid in Euros

The Simple Version

Your customer pays in Bitcoin. You receive euros in your bank account. That's it.

But if you're curious about what happens in between, here's the full picture.

The Settlement Flow

Customer pays BTC → WickiePay receives BTC → Instant conversion to EUR
→ AML screening → Daily batch → EUR in your bank account

Step by Step

1. Payment initiated: Customer selects Bitcoin (or any crypto) at checkout
2. Rate locked: WickiePay locks the EUR/BTC rate at the moment of payment — this is YOUR rate, guaranteed
3. Blockchain confirmation: Payment confirms on-chain (typically 1-6 confirmations depending on the asset)
4. Compliance screening: Automated AML/sanctions check on the transaction
5. Conversion: Crypto is converted to EUR at the locked rate
6. Batch settlement: All confirmed payments are batched and transferred to your bank account

Timeline

Event	Timing
Customer pays	T+0
Rate locked	T+0 (instant)
Blockchain confirmation	T+0 to T+60 min (depends on asset)
AML screening	T+0 (real-time)
Conversion	T+0 (at locked rate)
EUR in your bank	T+1 business day

No Crypto Risk for Merchants

The key insight: the conversion rate is locked at payment time. If Bitcoin drops 10% after your customer pays, it doesn't matter — your EUR amount was already guaranteed.

This is fundamentally different from holding crypto yourself. With WickiePay:

• No exchange account needed
• No crypto wallet management
• No price monitoring
• No tax complexity from holding crypto assets

Settlement Options

WickiePay offers three settlement modes:

Mode	Description	Best For
100% Fiat	All payments converted and settled in EUR/CHF	Most merchants
100% Crypto	Keep all payments in the original cryptocurrency	Crypto-native businesses
Split	Custom split (e.g., 80% EUR, 20% BTC)	Merchants wanting some crypto exposure

You can change your settlement preferences anytime via the Merchant Dashboard.

Bank Account Requirements

To receive EUR settlements, you need:

• A business bank account in the EEA or Switzerland
• IBAN (SEPA) for EUR settlements
• Account must be in the merchant's company name (no personal accounts)

Fees & Transparency

WickiePay charges a single, transparent fee per transaction. No hidden conversion spreads, no withdrawal fees, no monthly minimums. The rate you see at payment time is the rate you get.