How UTRUST works

Get to know more about how our system works and why we beat all competition in the online payments industry.

Payment Mechanism

Pays with any major cryptocurrency, with a low conversion fee, or with UTRUST Token with zero conversion fee.
Convert to fiat
Funds are immediately converted to fiat currency in order to protect the seller from market volatility.
Dynamic holding
UTRUST holds the funds and releases to seller, adjusted on a performance-based timeframe.
Receives in fiat currency and can withdraw to a bank account, keep it in wallet or convert it to other cryptocurrency.

The safest payment platform.

The UTRUST Platform is a payment processor solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods while receiving in fiat currency.

Lower Buyer Purchase Risk
We cover all purchases (both goods and the majority of services). Other traditional solutions such as PayPal only cover the purchase of physical goods. Crypto-based services such as Bitpay do not cover anything at all.
Payment Approval Speed
Unlike traditional payment systems that most of the times delay the approval of payments due to high risk of fraud, and require submission of countless documents, we approve payments immediately and make the process hassle-free for both parties (buyer & seller).
Low Exchange Fees
We provide both buyer and seller low exchange fees by using advanced analytics that connects to multiple crypto-currency exchange providers. Services such as PayPal and Bitpay provide extremely high internal exchange rates.
Low Seller Fees
We will charge sellers a flat 1% fee on received payments. Other services such as PayPal charge a flat minimum rate of 2.9%, but can go above 5% after all “hidden fees” are accounted for.
Multiple Crypto Currencies Accepted
We accept the most used cryptocurrencies on the market (Bitcoin, Ethereum, Litecoin, Dash Monero and others) covering a wider percentage of the total market cap. Other services such as Bitpay only accept Bitcoin, restricting their market to half of the total market cap. As more tokens are created and added to the market, their captured percentage will only shrink further.
Safety of Funds
Leverage the power of the blockchain and say goodbye to credit card fraud. You have control over your own private keys and funds, and not even we can access your wallet. Traditional centralized solutions have a poor track record in keeping your funds safe.
No Chargebacks
Sellers will be protected from rampant credit card fraud and nasty chargebacks, a common occurrence in traditional payment services still reliant on credit cards.
Customer Payment Protection
Services such as PayPal are well known, and PayPal relies heavily on its buyer/seller protection plan. However, it only covers the purchase of physical goods. Bitpay does not cover any purchases, making the transaction irreversible and leaving you exposed to potential fraud. UTRUST extends consumer protection by covering both physical and virtual (if applicable) purchases. We will guarantee full coverage of all eligible payments made via UTRUST.
Resolution of Disputes Timeframe
Traditional solutions such as PayPal have a lengthy waiting period of transaction resolutions while they gather evidence on both sides independently (taking up to several months), making it a slow and painful process. We provide both a self-mediated 2-party resolution mode, and an advanced 3-party resolution dispute mechanism, enabling both parties to chat in real time, guided by one of our resolution mediators. We make it quick and easy to sort conflicts.
Seller Performance-based Rating
We implement a performance-based analytics algorithm to evaluate the performance of sellers, making it so that as the performance of a seller grows, the corresponding hold period on the funds decreases. This mechanism creates a trusted environment, encouraging sellers to perform better over time and increasing buyer confidence. In the best-case scenario, a top seller will see its hold time eliminated, obtaining the funds immediately.
Decentralized Token with Index Value
UTRUST is not only a payment platform. We will issue our own crypto-currency – the UTRUST token (UTK). You can buy/sell/ send/receive your UTK in the platform, convert it to fiat, other crypto, or simply keep safe in your wallet and see its value grow in synergy with the platform. Transactions using the UTRUST token will be converted internally and benefit of zero exchange fee.