MoonPay’s clients can use the tool to offer users ways to buy NFTs without using cryptocurrency.
MoonPay’s clients — which span big brands to NFT marketplaces — can now use a new checkout tool to give users the option of buying NFTs using debit and credit cards, as well as payments made through Apple Pay, Samsung Pay, Google Pay, SEPA, Faster Payments, wire transfers, open banking payments and ACH transfers.signed a partnershipOrdinarily, customers of platforms like OpenSea must load a blockchain wallet such as MetaMask with cryptocurrency to buy NFTs.
When purchasing an NFT, customers typically incur charges known in crypto parlance as ‘gas fees.’ Those fees will be baked into the cost of NFTs for users of the checkout tool, except for items linked to more efficient blockchains like Polygon, for which MoonPay will pay the gas fees itself. In terms of charges, MoonPay will levy a processing fee of 3.5% or $3.99 — whichever is larger — to the person buying NFTs.created by the World Wildlife Fund. Several other partners are running pilot versions of the product — including NFL quarterback Tom Brady’s NFT platform Autograph.Founded in 2019, as an ‘on-ramp’ for crypto purchases, MoonPay has quickly amassed more than 250 clients and is active across more than 160 countries.
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