Four products, one account
A dedicated USD receiving account, conversion between USD and USDT, on-chain settlement, and virtual cards — four steps in one money movement, each priced separately and recorded separately.
Receive
USD bank wire into a dedicated receiving account.
Convert
0.5% between your USD and USDT balances.
Withdraw
USDT over TRC-20, $100.00 minimum.
Cards
Virtual USD cards, reviewed before issue.
You do not have to use all four, and the same account records every one of them. The sections below take each product in turn: what it is, how it works, what it costs, and who it suits.
Receive funds into a dedicated USD account
Every business client is allocated a dedicated USD receiving account. Your payers send ordinary bank wires to it, and each credit is recorded individually against the payment that produced it, with the sending bank on the entry.
Who it suits
Businesses paid in USD by customers, platforms or partners that need the money to land in an account they can prove ownership of, with every credit recorded individually against the payment that produced it.
What it is
A dedicated USD receiving account allocated to your business by your account manager. The wire details appear in the client portal once they have been allocated, so the instructions you give a payer are the ones that belong to your account.
How it works
Your payer sends a USD bank wire to those details. Operations watches for incoming payments, matches each one to the allocated account, and posts the amount to your ledger as a single entry. Nothing needs to be claimed or converted for the money to appear.
Key terms
Funding is by USD bank wire only. There is no ACH, no card funding and no other currency at present. There is no platform fee to receive an incoming wire; your sending bank may apply its own charges, and we do not mark those up.
Timing
A wire typically clears in one to three business days, depending on the sending bank and the correspondent route it takes. Nothing is credited until the wire has settled.
Convert between USD and USDT at a stated fee
Conversion moves value between your USD balance and your USDT balance at 0.5% of the converted amount, with no spread added to the underlying reference rate. The rate is shown before you confirm.
Who it suits
Businesses that receive in USD and settle with counterparties in USDT, or that hold USDT and need a bank-facing balance, and that would rather see a stated fee than an undisclosed margin.
What it is
A conversion between the two balances held on your account. You do not need a second provider or a separate exchange account to move from bank money to on-chain money or back again.
How it works
You instruct a conversion and receive the rate before confirming. Once confirmed, the amount is converted and the 0.5% fee is charged on the converted amount. The fee is posted to your ledger as its own entry, separate from the principal, so you can reconcile the charge without recalculating it.
Key terms
The fee is 0.5% of the amount being converted, in either direction — USD to USDT or USDT to USD. No spread is added to the reference rate, so the only cost of the conversion is the fee you were shown.
Timing
Conversion is not automatic. Nothing is converted on your behalf without an instruction, and the converted balance is available for withdrawal or further conversion as soon as it has been posted.
Withdraw your balance as USDT over TRC-20
Withdrawals settle on-chain as USDT over TRC-20. Each request is reviewed before it is broadcast, and once it is approved the transaction hash is recorded against the withdrawal.
Who it suits
Businesses that pay suppliers, contractors or affiliates in stablecoins and want a predictable, stated cost per payout rather than a variable spread, and that accept that on-chain settlement is final.
What it is
Payment out of your available balance as USDT over the TRON network, to a wallet address you provide. Your USD balance converts first if it has not already been converted, since the withdrawal itself settles in USDT.
How it works
You submit a withdrawal request with the destination address and amount. The request is reviewed, and once approved it is broadcast on-chain and the transaction hash is recorded. You can check the payout independently against that hash.
Key terms
A 0.5% service fee applies per withdrawal, plus a $1.00 fixed TRC-20 network fee passed through at cost. The minimum withdrawal is $100.00; requests below it are not accepted. Each of those amounts is posted as its own ledger entry.
Review and finality
Every request is reviewed before payout, which is also the step that catches an address on the wrong network or a request made from a compromised session. On-chain transfers are irreversible: once broadcast, a payment cannot be recalled or reversed by us or by anyone else. That is why the address, network and amount are confirmed before approval.
Virtual USD cards, reviewed before issue
Applications for virtual USD cards are reviewed by our team. A card carries the monthly spend limit set when you applied, and it is issued for online spending rather than cash access.
Who it suits
Businesses paying recurring online costs — advertising, SaaS, hosting, subscriptions — that want the spend separated from the operating balance and capped at a level they set themselves.
What it is
A virtual card tied to your account, denominated in USD and issued on a Visa or Mastercard scheme. There is no plastic card, no ATM access and no contactless use, because those are not what it is for.
How it works
You apply from the client portal and set the monthly spend limit you want. The application is reviewed manually against the account history and the activity on file. If it is approved, the card is issued against your account with the limit you requested as its ceiling.
Key terms
Cards are virtual only, in USD, with a monthly spend limit set at application. Applying is free, and there is no charge if an application is declined. Card issuance terms are confirmed to you before a card is issued.
Review and availability
Cards are not granted automatically, and an application can be declined. The review exists because a card allows spending to a merchant without a per-transaction approval, so the limit and the account activity have to support it.
The four products side by side
One table for the questions that decide which product a payment uses: cost, minimum, timing and whether a review stands in front of it.
| Feature | Receive funds | Convert | Withdraw as USDT | Virtual cards |
|---|---|---|---|---|
| What it does | Receives USD bank wires into your account | Moves value between your USD and USDT balances | Sends USDT from your balance to a wallet address | Pays online merchants from your account |
| Currency / network | USD, bank wire (no ACH or card funding) | USD ↔ USDT | USDT over TRC-20 only | USD on Visa or Mastercard |
| Fee | Free to receive | 0.5% of the converted amount | 0.5% service + $1.00 network | Free to apply, issuance terms quoted on approval |
| Minimum | No minimum credit applies | No minimum on a conversion | $100.00 | Monthly spend limit set at application |
| Typical timing | 1–3 business days, from the wire settling to the credit appearing | Applied when you instruct it and confirm the rate | After review and approval, when the transaction is broadcast | Available for use once issued |
| Review required | Credited to the dedicated account it arrives in | Applied to the rate shown to you at confirmation | Reviewed before every payout | Yes — manual review, and it can be declined |
Amounts are in USD unless stated otherwise. The TRC-20 network fee is set by the network and passed through at cost, so it can change as TRON energy prices move. Charges that depend on your individual relationship are quoted and agreed in writing before they are applied.
One account, one set of records
The products above are all managed through the same account and the same records, rather than four separate arrangements with four separate statements. That is what makes the numbers on the screen checkable rather than merely stated, and it is why a question about a payment has one answer in one place.
Every movement is recorded
Each movement on your account is recorded as it happens, and the entry is retained. Your history shows what took place, not only the most recent position.
Itemised, checkable balances
Your balance is built from the individual entries behind it, so every figure on the screen can be traced to the transactions and charges that produced it.
Every fee is itemised
A service fee, a network fee and the principal of a transaction appear as separate lines. You can see each charge individually and reconcile it, instead of inferring it from a net amount.
Operational actions are logged
Reviews, approvals and account changes are written to an audit log alongside the financial entries, so an approval can be traced to the point in time it was made.
Statements and reporting are generated from the same source and are available in the client portal at any time, at no charge. Access to the portal is protected by an email verification code on unfamiliar devices, role-based permissions and revocable sessions.
What each product costs
Four products, four separate charges. Nothing on the platform is priced by an undisclosed margin.
Receive funds
Free
No platform fee on an incoming USD wire. Your sending bank may charge its own.
Convert
0.5%
Of the converted amount, in either direction, with no spread added to the reference rate.
Withdraw
0.5% + $1.00
Service fee plus the fixed TRC-20 network fee, passed through at cost.
Virtual cards
Free to apply
No charge if an application is declined. Issuance terms are quoted on approval.
There is no monthly account fee
The full schedule also covers account opening, returned transfers, card issuance and exceptional items such as a bank trace.
What we do not offer
Stating the boundaries plainly is more useful than letting you discover them during onboarding.
No self-service signup
Accounts are opened by an account manager and activated only after identity and business verification. There is no way to open one instantly, by design.
No funding except a USD bank wire
No ACH, no card top-ups, no cash deposits and no other funding currency.
No settlement network other than TRC-20
Withdrawals settle as USDT over TRON. Other networks are not currently supported.
No USD payouts to a bank account
Money leaves the platform as on-chain USDT. There is no outgoing bank transfer product.
No physical or ATM cards
Cards are virtual only, in USD, and intended for online spending.
No personal accounts
The platform serves business entities. Personal or sole-trader use is outside its scope.
Why the scope is narrow
The platform does one money movement: a bank wire in, a stablecoin payment out, with a stated fee at each step. Keeping the funding rail and the settlement network fixed is what allows every payment to follow the same route, and what allows a fee schedule this short to be accurate.
Requirements that fall outside it — a non-USD transfer, an amount larger than usual, a different settlement arrangement — are quoted individually rather than squeezed into a product that does not fit.
If what you need is not on this page, say so when you contact us. We would rather tell you that it is out of scope than take an account we cannot serve properly.
Where to go next
- How it works, end to endThe full path from a wire arriving to a payout being broadcast.
- Full fee scheduleEvery charge that can apply to a business account, itemised.
- AML policyDue diligence, monitoring and screening, in detail.
- Help centreOperational questions answered step by step.
Risks of holding and settling in USDT
The things that can actually go wrong, listed before you rely on a balance rather than after.
USDT is a liability of its issuer, not of a government
USDT is issued by Tether Limited. Its value depends on that company’s reserves, its redemption process and its continued operation. It is not legal tender, it is not insured, and no central bank stands behind it.
It can trade away from one dollar
USDT has traded below its intended peg in stressed markets, and could again. A conversion quote is a rate for the moment it is given; it is not a guarantee that the same rate will be available later.
On-chain transfers are final, and mistakes are not reversible
Once a payout is broadcast it cannot be recalled, by us or by anyone else. A wrong address, a wrong network, or a destination that does not accept USDT on that network generally means the funds are lost.
The destination address can be controlled by others
Issuers and exchanges can freeze addresses. A payout to an address that is later frozen may leave you unable to move those funds, even though our transaction completed correctly.
Network conditions affect cost and timing
Blockchain fees and confirmation times vary with network load. The network fee you are charged is passed through at cost, so it can move, and settlement can take longer than usual at busy times.
Holding a balance with us is not holding a deposit
Your balance is a record of what Mikupay owes you under your agreement. It is not a bank deposit, it is not held on deposit for you at a bank, and it carries no deposit insurance or government compensation.
See whether the platform fits your flows
Tell us how money reaches you, who you pay, and in what currency you settle. We will tell you which of the four products apply, what each step would cost, and what onboarding would require — before you commit to anything.
Business accounts only. Accounts are opened by an account manager on an invitation basis and activated after verification.