Crypto Direct Debit

Simplifying Recurring Payments with Cryptocurrency

Making digital currency as easy to use as traditional banking, while keeping all the advantages of blockchain technology.

For Businesses For Individuals
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Why Choose Crypto Direct Debit?

Convenient Automation

Set up once and let payments happen automatically - just like traditional direct debits, but with blockchain security.

Complete Control

Set maximum amounts that can never be exceeded and easily modify or cancel permissions at any time.

Global Accessibility

Accept and make payments worldwide without the limitations of traditional banking systems.

Enhanced Security

No need to share private keys or wallet access. All transactions are visible on the blockchain.

Lower Costs

Reduced payment processing fees compared to credit cards and traditional payment processors.

Easy Integration

Simple to add to existing systems with our comprehensive API and developer tools.

How Crypto Direct Debit Works

1

One-time setup

You authorize a merchant to collect payments up to a certain amount on a schedule you approve.

2

Keep funds available

Maintain enough balance in your crypto wallet to cover expected payments or use our on-ramping solutions.

3

Automatic collection

The merchant collects payments according to the agreed schedule and limits.

4

Stay in control

You can view, modify, or cancel your authorizations at any time with a single click.

Ethereum Wallet
1. Authorization Setup
User authorizes a merchant to make direct debits from their crypto wallet by signing a permission contract.
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2. Verification & Smart Contract
An authorisation entry is added to the direct debit smart contract on the blockchain that defines the terms, frequency, and amount limits of the direct debit agreement.
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3. Payment Request
When a payment is due, the merchant initiates a payment request through the smart contract.
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4. Automatic Verification
The smart contract verifies that the request complies with the pre-authorized terms and that sufficient funds are available in the wallet.
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5. Fund Transfer
If all conditions are met, the funds are automatically transferred from the user's wallet to the merchant's account on the blockchain.
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6. Confirmation & Record
Transaction is recorded on the blockchain. Both parties receive confirmation, and the transaction hash serves as a receipt.

Real-World Use Cases

Subscription Services

Streaming platforms, content creators, news sites, and software services can offer seamless subscription payments without manual renewals.

Mobile Services

Phone plans, data packages, and digital services can be paid automatically with cryptocurrency on a regular schedule.

Membership Fees

Gyms, clubs, organizations, and online communities can collect regular membership dues without payment reminders.

Investment Plans

Regular contributions to investment accounts or savings plans can be automated for consistent wealth building.

For Businesses

Benefits

  • Reliable Revenue: Predictable payment collection for subscriptions
  • Lower Costs: Reduced payment processing fees compared to credit cards
  • Reduced Churn: Fewer failed payments and subscription cancellations
  • Global Reach: Accept payments from customers worldwide
  • Easy Integration: Simple to add to existing systems

Getting Started

  1. 1
    Contact our team for integration options with your platform
  2. 2
    Choose the integration that works best for your business
  3. 3
    Set up your payment plans and subscription options
  4. 4
    Start accepting automated cryptocurrency payments

For Individuals

Benefits

  • Convenience: Set up once and let payments happen automatically
  • Control: Set maximum amounts that can never be exceeded
  • Security: No need to share private keys or wallet access
  • Flexibility: Easily modify or cancel permissions at any time
  • Transparency: All transactions are visible on the blockchain

Getting Started

  1. 1
    Connect your wallet to a service that offers Crypto Direct Debit
  2. 2
    Set your parameters (maximum amount, frequency, duration)
  3. 3
    Approve the authorization with a single transaction
  4. 4
    Keep sufficient funds in your wallet for expected payments

Supported Cryptocurrencies

We support all ERC-20 compatible tokens, ensuring broad compatibility with the Ethereum ecosystem.

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USDT
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USDC
eth
ETH
wbtc coin
WBTC
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LINK
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SHIB
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More

Don't see your preferred cryptocurrency? Contact us to request additional token support.

Need Crypto? No Problem

Don't have enough cryptocurrency in your wallet? Our seamless on-ramping integration has you covered.

  • We are integrating with leading on-ramping providers (MoonPay, Transak, Onramper, Ramp Network, Wyre)
  • Compare rates to find the best deal for your region
  • Top up your wallet directly from our interface
  • Secure and compliant with local regulations
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wbtc coin MoonPay
link coin Onramper
link coin Ramp
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Frequently Asked Questions

Everything you need to know about our Crypto Direct Debit service.

Most standard Ethereum-compatible wallets work with our system. This includes popular options like MetaMask, Coinbase Wallet, and Trust Wallet. If you're using a hardware wallet, you can still use our service by connecting through platforms like WalletConnect.

Contact Information

Address

SimpleWealth AG
Voltastrasse 61
8044 Zürich, Switzerland

Email

info@simplewealth.ch

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