What is Kinesis Pay?
Kinesis Pay is a payment plug-in that lets businesses accept gold, silver, KVT, Currency One stablecoins, and a wide range of fast-settlement digital assets including BTC, ETH, XLM, DASH, DOGE and USDC.
Kinesis Pay transactions settle near-instantly, with no minimum transaction amount, and work equally well online or in store.
Key features:
- Receive near-instant gold, silver and digital assets for your goods and services.
- Scales to any size or type of business
- Earn multiple yields on your revenue.
- Make secure purchases with a QR code.
- Scan to pay directly from the app
- Save time and reduce transaction fees
Taking payment in precious metals and crypto directly cuts out the manual steps - no depositing company earnings, then buying KAU or KAG separately.
Do I need a Kinesis account?
Yes. Both merchants and purchasers need a verified, active Kinesis account. If you're buying from a participating merchant without an account, you'll be redirected to the sign-up page to register.
Which businesses can use Kinesis Pay?
Kinesis encourages everyone to start using gold and silver as money. There are no restrictions - business of any size and sector are welcome to join Kinesis Pay.
The installation process the same for every merchant - and always free.
Restrictions apply only where a merchant breaches the Kinesis Pay Terms & Conditions, such as selling illegal products or where fraud or money laundering is suspected. In those cases, the merchant's account is frozen until the matter is resolved.
Which currencies are supported?
Kinesis Pay supports payments in gold (KAU), silver (KAG), the Kinesis Velocity Token (KVT), a suite of Currency One stablecoins, and all digital assets available on the Kinesis platform. See the full list of supported assets.
Purchasers choose any supported precious metal or cryptocurrency through Kinesis Pay. The required amount is then automatically calculated to match the exact fiat value of the product at the time of purchase.
Merchants select their preferred fiat currency during SDK setup, choosing from those supported on the Kinesis platform. The SDK handles conversion at the point of payment, so once the purchaser scans the QR code or enters the Payment ID and confirms, gold, silver or digital assets arrive instantly in the merchant's Kinesis account.
Merchants always receive payment in gold, silver or digital assets, keeping the transaction entirely outside the fiat system.
Can I use Kinesis Pay online and in-store?
Yes. The Kinesis Pay plug-in can be installed for any merchant website, letting customers pay with gold and silver directly through your online shop.
For physical premises, the printable Kinesis Pay QR code lets customers pay instantly in gold and silver using their smartphone.
Can I use Kinesis Pay with Individual and Business accounts?
Yes, Kinesis Pay is available to both Individual and Business account holders, supporting everyone from large corporations to independent sellers.
Provided you meet the Kinesis Pay Terms and Conditions, you can connect your merchant website and start receiving payments in gold, silver and digital assets for your products or services.
What yields can I earn?
Holder’s Yield - keep the KAU and KAG you earn in your Kinesis account and you'll receive a passive monthly yield, with no action required. 15% of the Kinesis Master Fee Pool is allocated to Holder's Yield and distributed according to how much gold and silver you hold.
Referrer’s Yield - refer a merchant to Kinesis and you'll earn 7.5% of every transaction fee they generate, whether through Kinesis Pay or anywhere else on the platform.
Is Kinesis Pay available on mobile?
Kinesis Pay is primarily a desktop feature, with the full range of its features available through the Kinesis Pay merchant tab of your Kinesis account.
However, a selected Kinesis Pay features are accessible through the mobile application. For instance, purchasers can scan the QR code through the app to pay, with no card details needed at any point.
Is there a fee?
No. All Kinesis Pay transactions are free of charge. Merchants pay nothing for transactions, and purchasers pay no transaction fee.
Access to the Kinesis Pay payment technology is also free. Anyone can create a Kinesis merchant profile at no charge, by downloading the Kinesis Pay SDK (Software Development Kit) and installing it on their website.
How secure is Kinesis Pay?
All Kinesis Pay transactions are protected through multiple layers of security, providing a safer alternative to using a card online. Kinesis Pay ensures that your card details are never shared with anyone and never stored, either by Kinesis or on your device, so your privacy remains fully protected at all times.
Instead of passing your personal information to the merchant, Kinesis Pay generates a unique encrypted number and QR code. The seller receives only what you authorise for the purchase to complete, such as your name, email, and billing and shipping addresses.
Set up Kinesis Pay as a merchant with this guide.
Find out how to use Kinesis Pay here.