With PayLynk, you can request payments from your verified business counterparties, such as clients, buyers, or trading partners, by simply generating a PayLynk and sharing it with them. Your counterparty can then pay in fiat or cryptocurrency, making the process fast, flexible, and hassle-free.
You can start transacting with your counterparty once they have created an XREX Pay profile and successfully completed the verification process. New counterparty? See “How do I invite my counterparty?” to get them set up first.
Steps to create a PayLynk
Log in to your XREX Pay account.
In the homepage Quick actions section, click Request payment.
Under Request payment from, select a verified counterparty.
Fill in the Shipment stage, Purpose of payment, Payment amount, and Payment request expires on fields.
Provide a description in the field shown if you select “Others” for Purpose of payment.
The payment request will expire at 23:59 on the selected date, based on the timezone where you created the PayLynk.
Upload the supporting documents required for your selected Shipment stage:
Shipment stage | Supporting documents |
Pre-shipment advance | Any one of the following:
|
Post-shipment | Required:
Optional:
|
For any optional documents that are not applicable or omitted, please select the checkbox to declare that the transaction does not involve such documents
6. Enter your reference details (optional):
Pre-shipment advance: Reference number
Post-shipment: Commercial invoice number
7. Click Next: Fee split.
8. Choose how to apply the fee split, either to All payment methods or to Each payment method, as agreed with your counterparty:
Borne by you: fee will be deducted from the payment amount you receive
Split 50/50: half of the fee will be deducted from your received amount, and the other half will be added to the total amount paid by your counterparty
Borne by your customer: fee will be added to the total amount paid by your counterparty
9. Click Next: Review & confirm.
10. Review the payment details, methods & fees to make sure everything is correct, then click Create PayLynk.
Congratulations! You’ve successfully created a PayLynk. You can now share it with your counterparty and track the payment status under XREX Pay -> Transactions (at the bottom of the homepage).
Important notes
Transaction limits: minimum: 100 USD, maximum: 3,000,000 USD
Service fee: check our XREX PayLynk Service Fees for the latest service fee rates
Partial payments: full service fee will be charged on the first payment received