Off-Chain Transactions
When users buy cryptocurrency with Mercuryo, a blockchain network fee is added to the transaction cost. In some cases, this fee can significantly increase the effective price of a purchase.
The Off-Chain feature eliminates network fees entirely by processing transactions internally, without recording them on the blockchain.
To enable Off-Chain, contact your integration manager.
How It Works
Instead of sending purchased crypto to the user's personal wallet over the blockchain, the crypto is credited to a Mercuryo business wallet registered on your behalf. You manage distribution from there.
Important limitations:
- The business wallet cannot be used to sell cryptocurrency.
- It is used to credit purchased crypto and to withdraw crypto to external wallets.
Setup Steps
1. Sign Additional Terms & Conditions
If you already provided Mercuryo with your company's registration data, founders, and directors during the On/Off-Ramp onboarding, no additional documents are required. Sign the consent form and return it by email.
2. Create a Mercuryo Business Wallet
Register a new wallet at my.mercuryo.io/login/email.
Use an email address that has never been used for any Mercuryo service before.
3. Notify Your Integration Manager
Share the email address used to register the wallet. The integration manager will:
- Designate it as a business wallet.
- Disable the minimum commission parameter for your account.
4. Use the Business Wallet Address in Transactions
In your wallet, copy the receiving address for the relevant network. Use this address as the address parameter in widget URLs instead of individual user addresses.