from coin to coffee in four steps conversion at checkout

At checkout, Velorin Pay quotes a rate against the mid-market reference, adds your plan's spread, and reserves the coin amount [1]. The quoted rate is held until the merchant finalises the payment, for up to 7 days [1]. Tips or bill adjustments are converted at the same held rate, and if the merchant charges later, conversion uses that day's rate [1]. Converting crypto into money is a disposal that may create a tax obligation in many countries, and the app can export a full conversion history as a CSV file [2].

Sources

• [1][2] From coin to coffee in four steps.

Answered from the Velorin Pay knowledge base.

Follow-up questions

• From coin to coffee in four steps. — Paying abroad
• From coin to coffee in four steps. — Getting the card
• From coin to coffee in four steps. — Topping up

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