Transak is at the forefront of enabling users worldwide to place orders using the USD fiat currency, thereby breaking down barriers and fostering financial inclusivity.

Bridging the Gap:

For users in regions outside the United Stateswho want to use On/Off Ramp in USD can often be a challenge due to the limited access. This feature allows users from the Transak-supporting countries to seamlessly interact with platforms utilising USD as their primary fiat currency.

The platforms integrating Transak's can benefit this by allowing users to transact in USDto expand their market reach through 170 cryptocurrencies on 75+ blockchains with 20+ local payment options.

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Our partners can now simulate failed and refunded orders in the staging environment, allowing them to experience and handle negative scenarios.

How does this feature work?

Step 1: Add +refund prefix to test refund orders and +failed to test failed orders to your email address.

For Eg: If your Email address is [email protected] , then the refund and failed orders email should be of the below format:

Step 2: Complete payment using Card/Apple Pay/Google Pay or click on I Have Paid in the Transak order flow.

Step 3: Great! Now, the order will be either refunded or failed. The order status flow will then update to REFUNDED for the email address - [email protected] or FAILED for the email address - [email protected]

💡 Hint:

Gmail Plus Addressing: In Gmail, you can add a “+” symbol and any word you want to the end of your email address, and it will still reach your inbox.

Effective: December 14, 2023, 0530 AM UTC ⏰

Change Description: 📝

As part of our ongoing efforts to optimize our services and comply with industry standards (Binance announcement), we are announcing a significant update to our platform. Starting from December 14, 2023, at 0530 AM UTC, Transak will no longer support BUSD (Binance USD) on both the Ethereum and BSC (Binance Smart Chain) networks. This change applies to all our On-ramp and Off-ramp products.

Impact of Change: 💥

• BUSD will not be available for transactions (both buying and selling) on the Ethereum and BSC networks through Transak.
• Users are advised to complete or cancel any pending transactions involving BUSD.
• Any attempts to transact with BUSD on these networks will not be processed.

Action Required: 🚨

We urge all our partners and users to update their systems accordingly to ensure a seamless transition. Please remove or disable BUSD options on your platforms for Ethereum and BSC networks to prevent any user inconveniences or transactional errors.

Support and Queries: 🤝

We understand that changes like these can be challenging. Our team is here to assist you in making this transition as smooth as possible. For any queries or assistance, please do not hesitate to reach out to us at [email protected].

We appreciate your understanding and cooperation as we continue to evolve our platform to better serve your needs. Thank you for your continued partnership and trust in Transak.

Transak now supports the referrerDomain query param, allowing partners to onboard projects efficiently with only one apiKey and referrerDomain to organise and track the projects onboarded into our partner's ecosystem.

This feature is helpful for partners having the following use cases:

1. The gaming platform integrated with Transak for On/Off Ramp, and the projects onboarded into the platform can also use Transak by passing the referrerDomain query param.
2. DeFi Aggregators integrated with Transak for On/Off Ramp, and the Dapps onboarded into the platform can also use Transak by passing the referrerDomain query param.

Please check our docs for a detailed explanation and usage of the referrerDomain query param.

Transak has recently announced a significant expansion, offering users access to over 30 new fiat currencies for both On and Off Ramps, a strategic move aimed at attracting a more diverse user base and ensuring a smoother onboarding process for new users. The expansion includes supporting regions like West Africa, Central Africa, Western Asia, U.S. territory and the Caribbean. Please find the detailed coverage below.

⬇️ On Ramp coverage:

⬆️ Off Ramp coverage:

We're thrilled to announce a significant upgrade to our KYC process, specifically tailored for users and applications seeking unparalleled access to the world of crypto. With our enhanced Level 3 KYC, we've simplified the onboarding experience, ensuring users encounter no barriers while enjoying highly competitive rates for transactions of substantial value, up to $100,000 each.💸💎

Key Features:

🔄 Seamless Onboarding Experience: Our Level 3 KYC streamlines the user journey, making nboarding new users smoother and more efficient. 🌈🚀

🏦 Perfect for Wallets and Institutional-Level dApps: Whether managing a large-scale wallet or developing institutional-level decentralized applications (dApps), Level 3 KYC caters to your needs by unlocking the potential of high-value transactions. 💼🔓

🚀 Unparalleled Access: Elevate your crypto experience with unparalleled access to a diverse range of assets supporting over 160 fiat currencies with 20+ local payment options. 💰🌍

Transak KYC types:

Starting 9th Nov, 6 AM UTC, we're rolling out Native USDC on💙Polygon PoS!

🔄 Changes to Note:

• The current USDC token will switch to Polygon's native USDC.
• "USDC.E" will be the new code for Ethereum Bridged USDC on our widget.

🗓 Transition Period:

• Dual support for Native (Polygon) and Bridged USDC (9th Nov - 1st Dec).
• Post 1st Dec, Bridged USDC (USDC.E) will be unsupported on Polygon via Transak.

Ensure your systems are updated to accommodate these changes. Incase of queries, please reach out to [email protected].

Thank you for your continued partnership!

We’re thrilled to announce that Transak has introduced Lite KYC for Off Ramp. This new feature enables users to withdraw their cryptocurrency from fiat for smaller transactions in Giffy, supporting over 100 countries (Please find the supporting countries list on our docs). Lite KYC is ideal for use cases such as gaming, as users can buy or sell crypto with only their basic user details.

Key Features:

• A frictionless onboarding process to the platform that takes only 30 seconds for smaller transactions.
• Great for games and developing markets, as it helps onboard users to Web3.

Please refer to the docs to know more about various KYC types and their usage.

Good News! Transak continues to enhance its services to provide a seamless and comprehensive experience for users worldwide. In a significant development, Transak has introduced VISA & Mastercard payouts for approved countries, further expanding the accessibility and convenience for users looking to Off Ramp to card payouts.

Card Payouts - A Game-Changing Feature:

Adding VISA and Mastercard payouts marks a pivotal moment for Transak users. This feature allows individuals in approved countries to receive payouts directly to their cards, offering a more accessible and user-friendly withdrawal option.

Global Coverage: Please refer this docs to learn more about the countries that support VISA and MasterCard payouts.

Transak now supports the defaultFiatCurrency query param, allowing partners to set the default value for the Fiat currency when the widget is loaded.

GIVEN: defaultFiatCurrency = EUR

WHEN: The query params URL is https://global.transak.com/?defaultFiatCurrency=EUR

THEN: The Transak Widget will be loaded with EUR as the default fiat option.

Please check our docs for a detailed explanation and usage of defaultFiatCurrency query param.