How address screening protects your business on Storspay Exchange
Every address that touches your account — deposit sources, withdrawal destinations, saved addresses — is checked before money moves. What screening looks for, what the three results mean, and what happens to a held deposit.
Read this guide in Français
The short answer. Before a deposit is credited or a send goes out, the address is checked against sanctions lists and known illicit sources. Low risk proceeds; medium risk proceeds with a note and a 30-minute delay on a first send; high risk is held and reviewed by a person within one business day — never silently kept, never silently dropped.
What it looks for
Sanctions exposure, addresses tied to known thefts, scams or illicit markets, and funds that passed through services designed to hide their origin. The check is automated and takes seconds; the result is stored with the deposit or the send for your records.
The three results
Low risk: credited or sent. Medium risk: credited or sent, with a note to you and a 30-minute delay the first time you send to that address. High risk: a deposit is held and reviewed within one business day and you are told; a destination address cannot be used. A blocked address never stops an application or an account — it is simply not usable.
Why this is good for you
A business that can show every deposit was screened, and every counterparty verified, has an answer for its bank, its auditor and its accountant. It is the difference between income you can explain and income you cannot.
What you can do
Declare the wallets you expect to use when you apply, so they are screened once up front. Confirm a new supplier’s address on a second channel. If a deposit is held and you believe the source is legitimate, reply to the notice with the invoice; a person reviews it.
How it works, in four steps
- Apply once. A verified business on a paid Storspay plan applies from the Exchange tab: a few questions about what it will trade and why, a one-time identity check for a director, the wallets it plans to use. Reply within one business day.
- Receive or convert. A client sends USDT or USDC to the address in your business name, or you convert dollars or euros from your balance at 0.75% all-in.
- Trade or hold. Keep the balance, convert between USDC and USDT at 0.25%, or trade with other verified businesses on the P2P market — taker 0.5%, makers free, settled the instant the buyer confirms.
- Cash out or send. Pay your local bank or mobile money the same business day at 2% all-in, or send to any wallet address for the network fee only.
What it costs
| Step | Fee |
|---|---|
| Receive USDC or USDT | Free |
| P2P market — taker | 0.5% (makers free) |
| Convert US dollars or euros ⇄ USDC or USDT | 0.75% all-in |
| Convert USDC ⇄ USDT | 0.25% |
| Send to a wallet address | Network fee only |
| Cash out to a local bank or mobile money | 2% all-in (1% · min US$2 to India, Indonesia, the Philippines and Thailand) |
Who this is for — and who it is not for
Businesses, and a sole trader counts: every movement is a business transaction with an invoice, a contract or work delivered. Traders are welcome as businesses and should expect what the page says plainly — verified counterparties, instant settlement and a cash-out to their own business account, not the tightest spread on the internet. Personal accounts, gifts and family transfers are not what this is.
Keep your invoices and statements for your records and ask a local accountant how income in digital dollars is taxed where you live.
Read next
- Storspay Exchange — hold, convert and trade digital dollars
- Digital dollars for African businesses
- Storspay Exchange vs P2P exchange apps
- Can a freelancer hold USD, EUR, GBP or CAD?
Storspay Exchange is in early access — apply from the Exchange page. Fees and availability are as published there on the day you read this.
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