Content
@
https://onchainsummer.xyz
0 reply
26 recasts
26 reactions
Nick Rishwain
@nickjrishwain
So the next effort I need to make in order to accept USDC for storage rent, is to find the appropriate offramp. What are business people using as an offramp these days? CB Commerce is where I'm leaning. Does it take a piece of the offramp transaction?
2 replies
0 recast
4 reactions
Sid Coelho-Prabhu
@sid
I'm building the custodian + offramp portion of this @coinbase . You should be able to pair it with Coinbase Commerce for an acceptance UX on your website (@gainsley runs Commerce and can help)
1 reply
0 recast
2 reactions
Justin Gainsley
@gainsley
@nickjrishwain reach out with any questions!
1 reply
0 recast
2 reactions
Nick Rishwain
@nickjrishwain
Thanks @sid and @gainsley. So the early goal for us at Space Station Self Storage, is to keep our tx costs down on any USDC received as rent payments. Also, we need to have an offramp to our business checking account when we need to cash it out to pay bills where crypto isn't accepted. What tx costs can we expect if we just do CB commerce as the offramp from our CB wallet?
1 reply
0 recast
1 reaction
Justin Gainsley
@gainsley
Hi @nickjrishwain — the only fee in place today is a 1% fixed fee on Commerce transactions
1 reply
0 recast
1 reaction
Nick Rishwain
@nickjrishwain
Would that be the only fee even if we're using it just to pass through to our business checking?
1 reply
0 recast
0 reaction
Sid Coelho-Prabhu
@sid
Yes that's right. If you use ACH withdrawals, no fees. Wire withdrawals will have a small passthrough fee ~$10.
1 reply
0 recast
1 reaction
Nick Rishwain
@nickjrishwain
I suspect we want to do ACH withdrawals. From CB Commerce direct to our bank account. Okay. Let me get to that next step this week.
1 reply
0 recast
2 reactions
Sid Coelho-Prabhu
@sid
If you want to start prototyping your flows, feel free to use the existing "Coinbase App" APIs with a personal account. We will reuse the same APIs for Coinbase for Business when we launch. https://docs.cdp.coinbase.com/coinbase-app/docs/welcome
0 reply
0 recast
1 reaction
