CRYPTO MERCHANT ACCOUNTS

Card processing built for the crypto economy

From regulated exchanges to OTC desks to non-custodial wallets, BoazPay places digital-asset businesses with acquirers that actually underwrite crypto — without the surprise terminations Stripe and PayPal are famous for.

No application fee · No setup fee · Decisions in 48–72 hours

The Challenge

Why Crypto & Digital Assets is Considered High-Risk

Regulatory Uncertainty

Crypto sits at the intersection of FinCEN, SEC, and state regulations — an evolving rulebook that most acquiring banks are not equipped to navigate.

Friendly Fraud on On-Ramps

Card-to-crypto purchases see persistent friendly-fraud chargebacks, especially after price drops when buyers experience remorse.

Irreversibility of the Underlying Asset

Once crypto is delivered, it cannot be reversed — creating a structural asymmetry that acquirers' standard risk models don't accommodate.

Licensing Complexity

MSB, VASP, and state money-transmitter requirements vary by jurisdiction. Banks need a partner who can distinguish a regulated exchange from a casual OTC desk.

Accepted Sub-Verticals

  • Centralized exchanges (CEX) with proper licensing
  • Decentralized exchange (DEX) front-ends and aggregators
  • Custodial and non-custodial wallets
  • Crypto on-ramps and off-ramps
  • OTC desks
  • NFT marketplaces and minting platforms
  • Crypto-native SaaS (analytics, tax, compliance tools)
  • Mining hardware and hosting services
  • Crypto education, courses, and content

Currently Not Supported

  • Privacy coins as a primary product
  • Unregulated derivatives platforms
  • ICOs and token presales without registration
  • Mixing or tumbling services

Typical MCC Codes for Crypto & Digital Assets

MCCDescription
6051Quasi-Cash — Merchant
6012Financial Institutions
5734Computer Software
7372Computer Services

MCC assignment is at the acquiring bank's discretion. Your BoazPay account manager will confirm your MCC during underwriting.

Chargeback Rates in Crypto & Digital Assets

Typical industry rate: 0.8% – 2.0%

Crypto merchants frequently see chargeback ratios between 0.8% and 2.0% — driven by friendly fraud, customer remorse after price drops, and unauthorized-use claims. BoazPay includes real-time chargeback alerts, 3DS 2.0 enforcement, device fingerprinting, velocity rules tailored to first-purchase vs. repeat-buyer behavior, and a hot-wallet delay window that prevents instant crypto delivery on flagged transactions.

How to Keep Your Rate Low:

  • Implement 3DS 2.0 enforcement on all card-to-crypto purchases
  • Use a hot-wallet delay window (5–60 minutes) on first transactions to allow fraud screening
  • Apply velocity rules based on first-purchase vs. repeat-buyer behavior
  • Use real-time pre-dispute chargeback alerts to resolve disputes before they are filed

Required Documents

  • Government-issued ID for each 20%+ beneficial owner
  • Voided check or bank letter for settlement
  • Three months of processing statements (if applicable)
  • Three months of business bank statements
  • Formation documents and EIN letter
  • AML/KYC program documentation
  • MSB or VASP registration where applicable
  • Proof of source of funds
  • Working URL with terms, privacy, refund policy, AML disclosures, and visible contact information

Approval Timeline

Most crypto applications are decisioned within 3–5 business days of receiving complete documentation. Licensed exchanges and regulated MSBs typically move faster; new businesses without prior processing may take longer due to enhanced due diligence.

Indicative Rate Range

Typical crypto discount rates range from 4.50% to 7.95% plus $0.25–$0.45 per transaction, with rolling reserves of 5%–15% held for the first 6–9 months on new accounts. Volume above $500K monthly typically qualifies for tier improvements.

Your custom quote depends on your industry, volume, and history — get a free assessment in 60 seconds.

Relevant Integrations

Direct API (custom checkout)Hosted payment pagesAuthorize.netNMIUSAePayBoazPay GatewayWebhook-based settlement notifications

Crypto & Digital Assets Payment Processing FAQs

Ready to Apply for a Crypto & Digital Assets Merchant Account?

No application fee · No setup fee · No long-term contract

Questions? Call +1 (602) 812-0363 or email info@boazpay.com

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BoazPay LLC is a registered ISO/MSP of its sponsoring acquiring bank.

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