Does Sheepy support fiat withdrawals?

Yes, Sheepy provides support for fiat withdrawals through SEPA bank transfers, enabling merchants to convert received cryptocurrency into fiat and transfer the funds to their registered bank accounts. To initiate a fiat withdrawal, merchants must log into the Dashboard, navigate to the withdrawal section, and submit a request by specifying the amount, selecting the fiat currency, and entering their bank account details such as IBAN and BIC.

Once the request is submitted, Sheepy processes the crypto-to-fiat conversion at the prevailing exchange rate and transfers the corresponding fiat amount to the specified account. Settlement time typically ranges from one to three business days, depending on the banking institution and geographic region.

Sheepy supports recurring and one-time fiat withdrawals, including auto-withdrawal features that streamline regular transfers. All fiat withdrawal activities are logged in the transaction history for transparency and reconciliation purposes. For further details, visit the Crypto Payment Gateway page.