Currently, USD conversion is limited. Only US-based businesses with a USD bank account are eligible for this feature. Please email support@opennode.com with your expected volumes to see if you qualify.
What is Automatic Conversion to USD?
Automatic Conversion allows businesses to accept bitcoin and receive USD at the time of the transaction. This allows U.S.-based businesses to avoid exposure to Bitcoin price changes. We are always evaluating opportunities to support additional currencies.
OpenNode also provides businesses the option to receive bitcoin and exchange it to USD at anytime from within the dashboard.
How does it work?
When you enable Automatic Conversion, OpenNode converts incoming bitcoin payments to USD at the time of the transaction. USD funds are credited directly to the USD wallet associated with your OpenNode account and powered by our Bank Partner(s).
Note: Funds in your USD wallet are held in a bank account in your name.
To withdraw USD from the account associated with OpenNode to your destination bank account, please follow the steps outlined in Bank Transfers. Bank Transfers may be subject to transfer fees, minimum fees, and/or withdrawal minimums.
How to Enable Automatic Conversion
To enable Automatic Conversion, go to Payment Settings.
Disabling Automatic Conversion
To disable Automatic Conversion:
Log in to your OpenNode dashboard.
Go to Payment Settings, then Payments.
Use the toggle to disable Automatic Conversion.
Have questions? Let us know!
You can reach us at support@opennode.com or use the chatbot at the bottom right of any OpenNode dashboard page.