The latest rules for opening Sexfriend stores: Cross-border merchants will use USDT as their main operating currency
Recently, the trend of international exchange rates has been volatile. In order to reduce the trouble caused by exchange rate changes to merchant friends and improve business certainty, starting from October 1, 2023, new cross-border merchants joining the Sexfriend platform will use USDT as their main operating currency. The quotation currency and settlement currency of platform products will all be switched to USDT.
New merchants who have settled in since October 1st do not need to choose the operating currency. They will be prompted that the operating currency is "USDT" in the [Corporate Information Authentication Page] during the registration process.
After completing the settlement process, when the order is settled, the merchant will receive an equal amount of USDT settlement funds based on the quoted amount, and will handle the funds (cash withdrawal or transfer) according to its own decision.
Using USDT as the operating currency will enjoy the following advantages:
1. There is no need to bear the risk of exchange rate fluctuations, effectively reducing various problems caused by exchange rate fluctuations and improving business certainty;
2. Products can maintain stable prices, simplify pricing logic, and reduce the trouble of frequent price adjustments;
3. Improve the certainty of the entry of overseas settlement funds.
special reminder:
1. The website supports more than 30 local payment currencies such as US dollars, euros, and rubles and more than 200 display currencies. USDT settlement does not affect the buyer's experience.
【Function Description】
The platform provides online price switching functions for old merchants. Merchants need to set the switching exchange rate and switching time for switching prices. The platform completes the price switching work within the agreed time period.