Making cryptocurrency payments effective, dependable, and simple to handle is our main goal at Payhound. This entails allowing companies to accept digital assets from customers, suppliers, or partners in a variety of ways while still settling in fiat when necessary.

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How can businesses accept crypto and convert to fiat reliably?

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The Payhound platform provides two deposit options that are suited for different use cases in order to facilitate this: Deposit Flow for Invoicing and Channels.

Though they offer varying degrees of structure speed and flexibility based on the needs and operational structures of the business, both structures will enable businesses to receive payments in cryptocurrencies such as BTC, ETH, SOL, and USDT (only available to non-eu clients) and convert those to fiat with ease.

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Invoicing Deposit Flow: Lock in Fiat Value for Fixed Payments

What is the Invoicing Deposit Flow and who is it for?

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The Invoicing Deposit Flow is ideal for businesses that need to lock in a fixed fiat value for a transaction. The process is simple:

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1. Set Fiat Amount: The business sets the desired amount in fiat
   
2. Generate Crypto Invoice: Payhound generates a unique crypto invoice with a fixed exchange rate
   
3. Customer Pays in Crypto:The customer pays in their preferred asset such as SOL, TRX or USDC
   
4. Received Fixed Fiat:The business receives the agreed fiat amount with no exposure to price volatility

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When uniformity and simplicity are essential, this flow is helpful for invoices, product purchases, or service payments. It also helps prevent overpayments or underpayments brought on by fluctuations in cryptocurrency prices.

Businesses can make sure they get exactly what they were expecting and that the customer has a straightforward process by locking in the rate for a predetermined amount of time.

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Channel Deposit Flow: Ideal for Recurring & High-Frequency Transactions

The Channel Deposit Flow offers a more open payment experience. Rather than generating a new invoice each time this flow assigns a dedicated wallet address to each of the business’ customers, users or partners.

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How the Channel Deposit Flow Works

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1. Dedicated Wallet Creation: A unique wallet address is created and linked to their account
   
2. Flexible Crypto Deposits: They can send crypto to that wallet at any time
   
3. Real Time Spot Rate: Incoming payments are automatically converted to fiat at the spot rate
   
4. Instant Fiat Settlement: The funds are settled into the business account
   
   

“This is ideal for businesses with recurring or high frequency transactions such as gaming platforms, affiliate programs or services that require regular deposits. It removes the need for invoice by invoice management while ensuring accurate and timely conversion.” - Elton Dimech, Managing Director at Payhound.

Because the conversion is handled in real time your business avoids holding volatile assets and receives fiat quickly.

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Which Crypto Deposit Flow is Right for Your Business?

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Choosing the right Payhound deposit flow depends on your business's specific operational needs. Here's a quick comparison to guide your decision:

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For businesses managing structured invoices or open payment systems, Payhound provides the tools to control how crypto is received and converted.

Accepting Crypto Should Not Be Complicated: Choose Payhound

With two deposit flows available, Payhound enables businesses to select the approach that best fits their operational needs. Both options are supported by secure infrastructure, real time tracking and compatibility with native crypto assets and stablecoins. This ensures a faster and more reliable way to manage digital payments with transparent reporting and consistent outcomes.

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Contact Payhound today to explore our solutions.

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