CRYPTO PAYMENTS
WITH 0% FEES

Designed for simplicity and cost-efficiency, Nulla Pay is the easiest and lowest cost way for small businesses to begin accepting in-person crypto payments at physical storefronts. Set up takes 1 minute.
How It Works
1
You display a QR code
placard
Enter App to set up your account and receive a QR code. Set up takes 1 minute.
2
Customer scans and pays with USDC
Step 2 Payment
1.
Customer scans QR code
2.
Customer connects a Web3 Wallet
A Web3 Wallet is a mobile App that allows you to send/receive tokens. Popular examples are MetaMask Wallet, Coinbase Wallet, and OKX Wallet.
3.
Customer enters the amount of USD for payment
4.
When the customer submits payment, USDC tokens
1 USDC token = 1 USD, as gauranteed by Circle. USDC is a popular token that almost all crypto users have.
will be sent from their Web3 Wallet to your Nulla Pay account
3
You (or employees) confirm payment
Step 3 Confirm payment

Open the Nulla Pay App to confirm successful payments (appears in ~5s). The App also allows:

•  one-click refunds

•  employee login

•  payment notes

•  downloadable CSV's

4
You cash out
Step 4 Cash out
1.
Sign up for a Coinbase account
2.
In the App, click "Link Your Coinbase Account"
3.
You can now cash out to your bank (with near-zero fees) in just a few clicks. Behind the scenes, USDC will be sent to Coinbase, converted USD at a 1:1 rate, and the money deposited to your bank.
Payments with
near-zero fees
Blockchains enable instant global payments with near zero fees. However, most crypto payment platforms still charge > 1% in fees. Nulla Pay integrates already existing blockchain infrastructure (Polygon network, Web3Auth, cryptocurrency exchanges, and others) to create possibly the lowest cost payments system today.
0% Transaction Fees
Nulla Pay does not take a cut from any transaction.
$0 Withdrawal Fee
Transferring funds to the bank costs near zero:
Nulla Pay➞Coinbase Exchange
~0.01 USDC
Coinbase Exchange➞Your bank
$0
Simplicity means
low overhead

The Nulla Pay App was designed to be minimalistic and easy to learn.

If you have a PoS system, just glance at the Nulla Pay App to confirm payment. Then, enter the transaction in your PoS system as a cash payment. This way, all transactions are kept in a single system and your overhead remains low while using Nulla Pay.

cashier
Attract crypto-using customers to your store
Attract a young and growing demographic
There are now 100+ million people who use crypto. These numbers are growing fast, particularly among young people.
Become free and independent
You control the entire payments process when you use Nulla Pay. No one can withhold payment or block you from using the system.
Attract big spenders
People who keep their savings on the blockchain may be willing to spend more when using USDC than when using card or cash.
Learning Center
In 5 short lessons, learn the basics of blockchain
Lesson 1
What are blockchains & tokens?
A blockchain is like a banking system.
The banking system is composed of accounts, where accounts can transfer currencies (USD, EUR, YEN) to other accounts. Account balances and transactions are stored in servers secured by bank employees.
Similarly, a blockchain is composed of blockchain accounts, where accounts can transfer tokens (USDC, USDT, BTC) to other accounts. Account balances and transactions are stored in thousands of servers globally and secured by tens of thousands of individuals who are incentivized to maintain accurate records. Over 10+ years with $30+ trillion transacted, blockchains have proven to be very secure financial networks.
Every blockchain account is assigned a unique address, which is like a bank account number. When you send tokens, you will need to enter the recipient’s blockchain address. To receive tokens, you will need to share your blockchain address with the sender. As you see, sending and receiving tokens on the blockchain is very similar to sending and recieving money in the banking system.
Lesson 2
What is an EVM address?
Today, there are 100’s of blockchains. What helps simplify matters is that most blockchains, including 7 of the top 10 blockchains (Ethereum, BSC, Arbitrum, Optimism, Base, Polygon, Avalanche, Blast), are built using the same technology called the Ethereum Virtual Machine (EVM). An advantage of EVM is that a single EVM blockchain account can be used for all EVM blockchains. For example, if you have an EVM blockchain account and your EVM address is 0x709D8145D21681f8287a556C67cD58Cb8A7FB3Aa, you can use this same address to receive tokens on the Ethereum chain, Polygon chain, or any other EVM chain. Payments on Nulla Pay use an EVM chain (Polygon), so for now we'll only focus on EVM blockchains.
Lesson 3
Are tokens real money?
Some tokens do not have value, while others do. USDC is a token issued by Circle (a highly regulated U.S.-based company) and is backed one-to-one by USD. The USD reserves are held in major U.S. banks with quarterly attestations. Therefore, 1 USDC has a value equal to 1 USD.
USDC is an example of a currency-backed stablecoin. Similarly, EUROC and JPYC are also currency-backed stablecoins that represent 1 EURO and 1 JPY, respectively. Currently, Nulla Pay only allows USDC transactions because most blockchain users already possess and use USDC. When other stablecoins become more popular, we will integrate them.
Lesson 4
How do I use the blockchain?
To start using the blockchain, most people will first register an account on a cryptocurrency exchange. A cryptocurrency exchange (e.g., Coinbase, Binance, Crypto.com, etc.) is a platform where you can buy or sell tokens (e.g., USDC) with fiat currency (e.g., USD). A cryptocurrency exchange account comes with an EVM blockchain address, so you can use your cryptocurrency exchange account to send tokens to or receive tokens from other EVM blockchain accounts. Cryptocurrency exchanges are essentially gateways to the blockchain world.
After getting a cryptocurrency exchange account, most people will then download a Web3 wallet app (e.g., MetaMask, Coinbase Wallet, Phantom, SafePal, etc.) and then send tokens from their cryptocurrency exchange account to it. MetaMask is by far the most popular Web3 wallet, so we’ll use MetaMask as an example. When you download the MetaMask app, you will be asked to create an EVM blockchain account. You can then send/receive tokens from the app, just like a cryptocurrency exchange account.
There are 2 main reasons why people want their tokens in a Web3 wallet rather than on a cryptocurrency exchange: 1) Sending/receiving tokens on a Web3 wallet takes ~3s, compared to ~3 minutes on a cryptocurrency exchange. 2) A Web3 wallet can connect with thousands of blockchain-based web applications. For example, you can earn U.S. treasury rates on the blockchain. To do this, first buy USDC tokens on a cryptocurrency exchange. Then, send the USDC to MetaMask. With MetaMask, you can connect to the Flux Finance website and deposit your USDC on there to earn U.S. treasury rates (~5% APR).
With 50+ million people transacting on the blockchain, a large majority of these people will likely have the MetaMask app on their phones and USDC tokens in it. That is why Nulla Pay was designed for customers to pay with the MetaMask app and USDC tokens.
Lesson 5
How does Nulla Pay help?
If you have MetaMask, you can easily receive USDC payments from customers. What can Nulla Pay do that MetaMask cannot do?
Furthermore, with Nulla Pay, businesses do not need to worry about 12-word secret phrases or gas tokens, making Nulla Pay much easier to use than MetaMask. Lastly, businesses can download a .CSV file of all payment details to help with accounting.Nulla Pay also helps businesses cash out to the bank with zero additional fees. Without Nulla Pay, businesses will have to transfer tokens from MetaMask to their cryptocurrency exchange, log into their cryptocurrency exchange, sell USDC, and make a withdrawal to their bank. This is a time consuming process. With Nulla Pay,businesses can cash out to their bank in a single interface on the Nulla Pay App.
The functions above cannot be completed with MetaMask alone. Nulla Pay is a simple, low-cost tool that can help any business set up crypto payments.
Support
For helpful information, read the “Instructions” under the “Settings” menu in the Nulla Pay App or the “How It Works” and “Learning Center” sections on this website. For further assistance, email support@nullapay.com
logo
© 2024 Nulla Pay. All rights reserved.
Company
Links