Introducing a Powerful Suite of Business Payment Tools on Coinbase Business

Your business moves fast - your money should too. For too long, traditional B2B payments have been a maze of high fees, slow settlement, and cross-border friction. 

• When paying out, sending money to international vendors and contractors often means navigating expensive wire transfers, unfavorable exchange rates, and multi-day delays where funds can get stuck.

• When getting paid, businesses are burdened by high processing fees, extra charges for international sales, and the constant risk of chargebacks. Developers selling digital goods in app stores feel this financial friction even more with platform taxes taking up to 30% of their revenue.

These inefficiencies lock up valuable cash flow and hinder growth for businesses of all sizes. Now there’s a better way forward with new payment tools on Coinbase Business. 

Today we’re launching two powerful new features - global payouts and payment links - making Coinbase Business your all-in-one app for paying out and getting paid in digital dollars.

A better way to manage global payouts

With our new global payouts feature, you can now send USDC, a stablecoin pegged to the US dollar, to any onchain address or email address, enabling cheaper and more efficient cross-border payments with no gas fees for recipients on networks like Base. Payouts can be funded from on platform balances or a connected bank account.

Seamless contact management makes it easy to save vendor details, reducing the risk of errors and simplifying repeat payments. If your recipient doesn’t have a crypto wallet, they can receive the payment via email, create a Coinbase account for free to claim their funds, and easily cash out in their local market. 

The accompanying Payouts API allows businesses to automate their payment workflows, triggering on-demand, batch, or scheduled payouts to vendors and contractors globally.

A better way to collect customer payments

Collecting payments from customers is now low-fee, instant, and global. With payment links, businesses can now create a shareable link to request a specific amount in USDC. Customers can then use that link to pay in a seamless, gasless experience that accepts hundreds of wallets like the Base app, MetaMask, and Phantom.

Payments settle in under a second on Base with no network fees, no chargebacks and no more 3% fees for credit card swipes. Coinbase only collects a 1% fee on completed payment links transactions.

For developers, our upcoming Payment Links API enables the dynamic creation of payment links at scale, perfect for collecting payments inside an app or e-commerce flow.

USDC balances held in Coinbase Business are automatically enrolled in USDC Rewards and can currently earn 4.1% APY rewards, and can be cashed out on demand to a linked business bank account via Wire or ACH. All transactions can be synced with QuickBooks or Xero through our accounting integrations with CoinTracker, allowing you to confidently adopt crypto payments while staying compliant.

Together, global payouts and payment links offer entrepreneurs radically lower fees, instant settlement, and a truly global reach - giving them the freedom to build and grow their business.

How to get started

Getting started is simple. Inside your Coinbase Business account, navigate to the new Payments tab.

To pay out: Select "Pay" to send USDC to an email or crypto address. You can manage vendors and contacts for easy, repeatable payments.

To get paid: Create a payment link, and share it via email, text, QR code, or by embedding a pre-formatted Buy button on your website.

Payments settle securely and instantly, ready to be used or cashed out to your bank account. For API integrations, please see our updated developer docs.

Evolving Our Merchant Tools

The launch of these new features also marks the next phase for our merchant solutions. As part of this evolution, we will be unifying Coinbase Commerce with Coinbase Business in the coming months. Coinbase Business will offer powerful and integrated solutions, which include full custody and cash-out capabilities that were not available in the standalone Commerce product. We will be in touch with existing Coinbase Commerce customers regarding next steps.

About Coinbase Business

Coinbase Business is the all-in-one financial platform for modern companies. Designed for startups and small businesses, Coinbase Business is an operating account that helps you adapt to changing consumer preferences and global payment trends. It's built on regulated infrastructure, with a no-fee, self-serve application and approvals in as little as two days. Coinbase Business is currently in alpha, serving early customers in the US. To sign up click here.

Powered by enterprise-grade Coinbase Crypto-as-a-Service (CaaS) infrastructure

These new features on Coinbase Business are powered by Coinbase Crypto-as-a-Service (CaaS), our underlying crypto payments and trading infrastructure. Large e-commerce platforms and enterprises looking for enterprise-grade payment solutions are invited to get in touch with our team, to learn more about how globally scaled companies like Shopify leverage Coinbase infrastructure to deliver a world class payments experience to their customers. Click here to find out more about business payment tools by Coinbase.