A stablecoin collection and settlement service for businesses to accept USDC and USDT, convert funds, and pay out to 30+ local currencies by bank transfer.

Switch Product Overview

Is Switch Right for You?

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Best For

  • Businesses paid in stablecoins
  • Cross-border sellers

What It Does Well

  • Accepts USDC and USDT
  • Stablecoin to bank payout

Things to Check

  • Supported payout countries
  • Settlement speed

About Switch

Screenshot of Switch website

Switch is a stablecoin collection and settlement layer for businesses that need to accept stablecoin payments and receive local-currency bank payouts.

Key capabilities include:

  • API-based deposit collection: Create unique deposit addresses via a REST API call, specify the stablecoin and chain, and receive webhooks for deposit status changes (documentation at https://docs.onswitch.xyz/).
  • Checkout widget and payment links: Embed a prebuilt checkout in an app or share a link so customers can pay in stablecoins while the business receives local currency.
  • Multi-chain, multi-currency settlement: Supports stablecoins including USDC and USDT (the site also lists CNGN) across 9+ blockchain networks, including Ethereum, Base, Solana, Arbitrum, Optimism, Polygon, and Tron, then converts and settles to 30+ local currencies by bank transfer.
  • Business onboarding and controls: Uses KYB verification for onboarding, and states it applies AML/CFT monitoring and risk controls; the site notes payment services are provided by licensed financial institutions and banking partners.

Available via Web (business console) and API.

Targeted at B2B teams building stablecoin acceptance, on-chain payment collection, and fiat settlement into invoicing, checkout, and payout flows.

Notable for African use cases, it highlights settlement support for currencies such as NGN, GHS, KES, ZAR, XAF, XOF, and RWF, helping businesses collect stablecoins globally and pay out to local bank accounts in supported currencies.

Switch Facts

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African alternative to
Pricing & Fees
Variable pricingAPI connection requires no pre-funding or baseline subscription fees; operations utilize fair low on/off-ramp processing fees and dynamic market exchange rates.

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Frequently Asked Questions About Switch

Switch is a stablecoin collection and settlement service for businesses. You can collect payments in stablecoins such as USDC and USDT through an API, checkout widget, or payment link, then convert them into local currency for bank-transfer payouts.

Switch describes coverage across 150+ countries and supports bank payouts in 30+ local currencies. It highlights currencies including NGN, GHS, KES, ZAR, XAF, XOF, and RWF, but does not provide a complete list of supported countries.

You can sign up through the business console. Business onboarding requires KYB verification.

Switch is best suited for businesses that want to accept stablecoin payments and settle funds to local bank accounts, especially teams integrating these payment flows into checkout, invoicing, or payouts.

Yes. Switch is a business-focused service with a business console and KYB onboarding.

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