How does a USDT QR code payment work?

A customer scans a standard local QR code — VietQR, GCash, PromptPay, and other regional formats. CodorPay converts their USDT or USDC on the Solana blockchain to local currency in real time and settles the fiat amount into the merchant's bank account or e-wallet within seconds. The merchant never has to hold, price, or manage crypto.

Is accepting USDT via QR legal for merchants in Vietnam and the Philippines?

Merchants receive settlement in local fiat currency through licensed local partners — not in crypto. CodorPay runs full KYC/KYB onboarding, ongoing AML transaction monitoring, and sanctions screening, and operates in compliance with Vietnam Decree 13/2023 and the Philippines Data Privacy Act.

How much does it cost to accept stablecoin QR payments?

CodorPay uses transparent cost-plus pricing with a 1.00% service margin and no hidden exchange-rate spread — from 1.10% plus a small fixed fee per transaction in the Philippines corridor. Traditional cards and travel cards typically cost 3–5% once cross-border FX markups are included.

How fast is settlement compared to cards?

Stablecoin transfers finalise on Solana in under a second, and CodorPay delivers local currency to the merchant's account in seconds — rather than the 1–3 business days typical of cross-border card or bank settlement, weekends and holidays included.

Do my customers need a CodorPay account or a special app?

No. Customers pay from any compatible stablecoin wallet by scanning the merchant's QR code. Merchants manage payments, payouts, and reporting from the CodorPay dashboard or mobile app — no crypto expertise required.

CodorPay

USDT QR payments: accept stablecoins, settle in local currency

A USDT QR code payment lets a business accept USDT or USDC by displaying a standard local QR code. CodorPay converts the stablecoin on Solana and settles local currency — Vietnamese Dong, Philippine Peso, and more — into the merchant's account within seconds, with no hidden exchange-rate spread.

How a USDT QR code works: scan, convert on Solana, settle local fiat in seconds
Accept stablecoin payments via QR with no crypto handling for the merchant
Cross-border crypto merchant processing across 8 local currencies
Transparent pricing from 1.10% plus a small fixed fee — no hidden FX spread