Dai Payments

What is Dai payment?

DAI is a very popular stablecoin on today’s market. Backed by a system of smart contracts, DAI is pegged to the US dollar meaning that 1 DAI will always equal $1. DAI was created by MakerDAO, an Ethereum-powered DeFi lending platform that allows lending and borrowing cryptocurrency without involving intermediaries.

When you lock Ether in MakerDAO’s smart contracts, you create a corresponding amount of DAI tokens. ETH that you lock acts as collateral and once you decide to unlock it, you need to pay it back as well as add some fees.

DAI coin can be traded on the majority of exchanges and can be also used to pay for goods and services online.

DAI Payment Benefits:

Decentralized
Independence from any third parties and sole asset ownership of DAI make it a truly decentralized crypto
Global
DAI transactions are global and unrestricted
Non-volatile
Stablecoins are almost free from volatility so DAI owners can be sure that their coin won’t lose value overnight

Along with other benefits, DAI payments feature high speed and an advanced level of security. That’s why accepting DAI cryptocurrency is an excellent way to attract more traffic to your website. And NOWPayments will handle the technical side.

Create a NOWPayments account, enter your wallet address, generate an API key, and you’re good to go!

The integration process is quick and straightforward. Follow the mini-guide below to start accepting DAI on your platform:

First, you need to sign up for a NOWPayments account. The process shouldn’t take more than a minute!
Next, go to Store settings to enter your wallet address and add a new API key.
Paste this API key in the required place for any type of Dai payment gateway. It can be our widget, button, or invoice module.
The integration will be active on your website, and you’re ready to accept payments.

Congratulations! You’re all set up and ready to welcome a new wave of crypto-loving customers to your website.

Set up account

Choose your
integration

Place the pay button
on your website

Get profit

Frequently Asked Questions

What is the service fee?

The service is fee is one of the lowest available and it depends on your discount. It goes up to 0.5%. To keep our service available to holders of many cryptocurrencies, we enable automated crypto conversions. If there is such a conversion involved during the transaction, our exchange partner can also charge a fee of up to 0.5%.

What is the minimum payment amount?

With the exception of several coins, the minimum payment varies between $3 and $5. The minimum amount varies based on the transaction pair involved. However, we work to provide the best possible service, and we try to lower these amounts whenever we can!

Do you accept coins other than DAI?

Yes, we do! A whole lot of them, actually, We also keep an eye on the crypto market and add support for new coins you can use to receive payments on your website! Even if certain coins aren’t officially supported by NOWPayments, we often use automated exchanges to make sure your customers don’t leave your website because the coin is not supported! To use other cryptocurrencies instead of DAI, navigate here and choose a supported coin from the list!

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Accept Dai Payments

What is Dai payment?

Dai Payment Methods

Dai widget

Dai button

Invoices

API

Plugins

Frequently Asked Questions

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