Is Yolfi a custodial or non-custodial payment service?
Yolfi is a non-custodial payment service. Payments are sent directly to the merchant's wallet configured in the dashboard for each blockchain.
Yolfi is a non-custodial payment service. This is a fundamental aspect of how we operate and an important guarantee for our users.
What Does Non-Custodial Mean?
Non-custodial means that Yolfi never holds, stores, or controls your funds. Instead:
- Payments are sent directly to the merchant's wallet address configured in the dashboard for each blockchain.
- Funds transfer directly from the buyer's wallet to the merchant's wallet with zero intermediaries.
- Yolfi does not hold merchant funds at any point, ensuring full control and security for merchants.
How It Works
- Merchant Setup - A merchant configures their wallet addresses in the Yolfi dashboard for each supported blockchain (Ethereum, BNB Chain, Polygon, Arbitrum, Base, Solana, Tron).
- Payment Creation - A payment link is generated specifying the amount and accepted cryptocurrencies/chains.
- Direct Transfer - When a buyer completes payment, the cryptocurrency is sent directly to the merchant's wallet address.
- No Intermediary - Yolfi facilitates the transaction but never touches, holds, or has access to the funds.
Why Non-Custodial?
This approach provides several critical benefits:
- Maximum Security - Your funds are never at risk from platform hacks or bankruptcy since they're not stored with us.
- Full Control - You maintain complete ownership and control of your private keys and funds.
- Transparency - All transactions are verifiable on the blockchain, providing complete transparency.
- Regulatory Simplicity - Non-custodial services reduce regulatory complexity and compliance requirements.
- Peace of Mind - You don't need to trust a third party with your funds.
What Yolfi Does Handle
While we don't hold funds, Yolfi provides:
- Payment link generation and management
- Transaction monitoring and confirmation
- Real-time notifications to merchants and buyers
- Dashboard analytics and reporting
- Webhook events for API integrations
- Customer management tools
Your funds remain yours, always.
Related questions
Yolfi ensures secure transactions through blockchain monitoring, unique payment addresses, and encryption for sensitive data.
Read the detailed answerYolfi does not require merchant KYC to create payment links and receive funds directly into your wallet.
Read the detailed answerYolfi supports major blockchains like Ethereum, BNB Smart Chain, Polygon, Base, Arbitrum, Solana, and Tron, along with stablecoins such as USDC and USDT.
Read the detailed answerYolfi charges a flat 1% on each payment. There are no setup fees or monthly minimums. Network transaction fees are separate.
Read the detailed answerStart accepting crypto payments today
Connect a wallet, create your first link and get paid in minutes.
