COMPANY detail

Bybit Pay

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PAYER FEATURE OVERVIEW.

PROJECT NAME
Bybit Pay Badge
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SUPPORTED ASSETS
?
Cryptocurrencies and stablecoins accepted for payments.
USDT, USDC, BTC, ETH, XRP, SOL
BLOCKCHAIN SUPPORT
?
Blockchain networks supported for processing payments.
Ethereum, Solana, Bitcoin, TRON, Polygon
WALLET COMPATIBILITY
?
Wallets that can be used to make payments.
Bybit App
QR TYPE
?
Supports static QR codes, dynamic QR codes, or both.
Both
PAYMENT SPEED
?
Typical time required for a payment to be confirmed.
Instant
FEES FOR PAYERS
?
Fees charged to users when making payments.
Free
USER KYC
?
Whether identity verification is required to use the service.
YES
CUSTODY MODEL
?
Defines who controls and holds users' funds.
Custodial
MOBILE APP REQUIRED
?
Whether a dedicated mobile app is needed to pay.
YES
PAYMENT METHODS
?
Supported payment methods such as QR, NFC, or deep links.
QR, Payment Links, On-Chain Send, Crypto Credential
RECURRING PAYMENTS
?
Whether subscription and recurring payments are supported.
NO
GEOGRAPHIC AVAILABILITY
?
Countries or regions where the service is available.
Global
Last Updated: Jul 7, 2026

Payer Scan & Pay Details (Local QR Pay)

  • Open the Bybit App, tap More → Bybit Pay → QR Pay, then scan any supported local QR code.
  • Supported standards: VietQR (Vietnam), QRPh (Philippines), PIX (Brazil), MercadoPago (Argentina), Idram (Armenia), Yape (Bolivia & Peru), MoneyBadger (South Africa).

How to Pay

  • Download the Bybit App, create an account, and complete KYC (identity verification).
  • Transfer crypto to your Funding Account: USDT, USDC, BTC, ETH, SOL, XRP, BNB, PYUSD, USDE, and more.
  • Tap More → Bybit Pay → QR Pay, point your camera at the merchant's QR code.
  • The app auto-detects the QR standard, converts your crypto to local fiat at live rates, and displays the amount for confirmation.
  • Confirm payment — funds arrive in the merchant's account within 15 seconds.

On-Chain Send via QR

  • Scan any compatible wallet address QR code to initiate an on-chain crypto transfer.
  • Select asset and network (Ethereum, Solana, BSC, TRON, Polygon, etc.), enter amount, and confirm.
  • Transaction fees vary by blockchain network — displayed before confirmation. Settlement at blockchain speed.

P2P Payment Links & Split Bills

  • Create a payment link or QR code from Bybit Pay → Receive → Set Amount → share via Telegram, WhatsApp, or any social channel.
  • Split Bill: enter total amount and number of payers — system auto-divides and generates shareable payment links.
  • Links valid for 7 days. Receiving party must use the Bybit App. No fees on link/QR payments.

MERCHANT FEATURE OVERVIEW.

PROJECT NAME
Bybit Pay Badge
PAYMENT CHANNELS
?
Where payments can be accepted: online, in-store, or both.
Both
SUPPORTED ASSETS
?
Cryptocurrencies and stablecoins merchants can accept.
USDT, USDC, BTC, ETH, XRP, PYUSD, USDE
FIAT SETTLEMENT
?
Whether crypto payments can be settled in fiat currency.
YES
SETTLEMENT CURRENCY
?
Currencies merchants receive after payment settlement.
VND, PHP, BRL, ARS, AMD, BOB, PEN, ZAR
SETTLEMENT SPEED
?
Typical time required to receive settled funds.
Instant
MERCHANT KYC
?
Whether business verification is required to accept payments.
YES
POS INTEGRATION
?
Support for integration with physical point-of-sale systems.
YES
E-COMMERCE INTEGRATION
?
Supported integrations with online store platforms.
Custom API
API ACCESS
?
Whether developers can build custom integrations using APIs.
YES
PAYMENT LINKS
?
Ability to create shareable payment links without coding.
YES
INVOICING
?
Ability to create and manage payment invoices.
No
REFUND SUPPORT
?
Whether merchants can issue refunds through the platform.
NOT DISCLOSED
WEBHOOKS
?
Real-time notifications for payment and status updates.
NOT DISCLOSED
GEOGRAPHIC AVAILABILITY
?
Countries or regions where merchants can use the service.
Global
Last Updated: Jul 7, 2026

Bybit Pay Merchant Acceptance

  • Merchants display Bybit Pay QR codes on websites, apps, or POS terminals for customers to scan.
  • Customers pay with crypto from their Bybit App; merchants receive local fiat currency instantly.

Becoming a Bybit Pay Partner

  • Submit a partner application at bybit.com/bybitpay/partner — the Bybit Pay team responds within 7 working days.
  • Contact via payops@bybit.com or pay@bybit.com for onboarding support.
  • Merchants receive merchant-specific QR codes or API access to integrate Bybit Pay into checkout flows.
  • Customer payments auto-convert to local fiat and settle instantly via the national payment rail.

Payment Channels & Settlement

  • Online: Website or app integration via QR code display or API checkout.
  • In-Store: POS terminal QR codes scannable by the Bybit App.
  • Settlement currencies per market: VND (Vietnam), PHP (Philippines), BRL (Brazil), ARS (Argentina), AMD (Armenia), BOB/PEN (Bolivia/Peru), ZAR (South Africa).
  • No settlement minimums documented — settlement is per-transaction, near-instant (< 15 seconds).

Customer-Facing Payment Tools (No Integration Required)

  • Any Bybit user can generate a payment link or QR code via Bybit Pay → Receive → Set Amount.
  • Enter desired currency (USDT, USDC, BTC, ETH, SOL, etc.) and amount → share the link or QR code directly.
  • Split Bill: divide expenses evenly among friends — each payer receives a shareable link.

THE REAL STORY.

PROS
[ STRENGTHS ]
  • thumbs-up-fill 60M+ exchange users — no separate wallet needed for existing Bybit users
  • thumbs-up-fill 7 national QR standards: VietQR, QRPh, PIX, MercadoPago, Idram, Yape, MoneyBadger
  • thumbs-up-fill 14 cryptocurrencies for payment with zero Bybit-imposed fees
  • thumbs-up-fill Payment links and QR codes for P2P collection — no merchant registration needed
  • thumbs-up-fill Mastercard Crypto Credential — human-readable aliases replace wallet addresses
CONS
[ LIMITATIONS ]
  • thumbs-down-fill Consumer-first — merchant/POS integration requires partner program with no public API
  • thumbs-down-fill Excluded from key markets: US, China Mainland, HK, Singapore, Canada, Dubai
  • thumbs-down-fill QR Pay only on the Bybit App — no web or external wallet support
  • thumbs-down-fill No WooCommerce, Shopify, or pre-built e-commerce plugins
  • thumbs-down-fill Refund support and webhooks for merchants not publicly documented

GENERAL QUESTIONS.

Yes — QR Pay, payment links, and Mastercard Crypto Credential are only available in the Bybit mobile app (iOS/Android). Payers must complete KYC verification and fund their Bybit Funding Account before making payments. On-Chain Send via QR also requires the app. Payment links received by non-Bybit users will prompt them to download the Bybit App before completing payment. The Bybit website supports limited Bybit Pay functionality (viewing dashboard, history) but not QR Pay.

QR Pay transactions typically complete within 15 seconds with near-instant settlement to the merchant's account via the local payment rail (InstaPay for QRPh, PIX for Brazil, etc.). On-chain Send transactions settle at blockchain confirmation speed (varies by network). Internal transfers between Bybit users are instant. For merchants integrating via the Bybit Pay partner program, settlement timelines may vary based on the local banking partner, specific SLAs are not publicly documented.

Bybit does not publicly disclose merchant-side fees for the Bybit Pay partner program, pricing is negotiated during KYB onboarding. For payers: Bybit charges no transaction fees for QR Pay; however, a 1% conversion fee applies when converting from non-USDT assets to USDT, and foreign exchange rates (including conversion costs between fiat and crypto) apply for local QR payments. PIX Pay has no fee below 2,000 USD/30 transactions per month; above that, BRL transactions incur USD 0.26 and ARS transactions USD 0.42 per subsequent transaction. Payment links and split bills have no fees.

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