๐ What is Alchemy Pay?
Alchemy Pay is a Singapore-based payment infrastructure company founded in 2018 that provides a hybrid fiat-crypto payment gateway. It acts as a bridge between traditional fiat currencies and digital assets, allowing users to buy cryptocurrencies with local fiat currencies (on-ramp) and convert crypto back to fiat (off-ramp).
The platform serves as a payment gateway that connects conventional payment methods โ such as Visa, Mastercard, and local bank transfers โ with blockchain-based assets like USDT and ETH. Merchants, exchanges, wallets, and Web3 applications integrate Alchemy Pay's infrastructure to accept crypto payments and settle in fiat or stablecoins.
Alchemy Pay eliminates geographic restrictions and high fees associated with traditional fiat payments, reducing failure rates caused by stringent risk controls. It simplifies crypto adoption by enabling users to pay with familiar methods like credit cards and bank transfers.
๐ฆ Product Suite
Alchemy Pay offers a comprehensive product suite designed to bridge fiat and crypto for businesses and end users.
The core business. Users buy crypto with local bank transfers, cards, or payment apps. Merchants accept crypto and receive fiat. Supports 300+ payment channels across 173 countries.
Virtual and physical Mastercard pre-deposit cards allowing users to spend crypto anywhere Mastercard is accepted. Supports Apple Pay and Google Pay integration.
Multi-fiat accounts with instant fiat-crypto conversion for Web3 enterprises. Banking infrastructure for crypto companies.
Direct fiat purchase of NFTs, removing the crypto-first barrier for non-native users.
Launched in 2025, this platform allows users in 173 countries to invest in tokenised real-world assets using local fiat currencies. xStocks offers 60 tokenised US equities and ETFs.
A Layer-1 blockchain specifically designed for stablecoin payments. ACH will be the native gas token. Testnet launched in early 2026.
๐ณ Supported Payment Methods & Networks
Crypto Payment Flow
Alchemy Pay's crypto payment solution supports two primary payment methods:
- Crypto Transfer: Users copy a wallet address and transfer supported cryptocurrencies including USDT, USDC, ETH, BTC, and PCI. Supported networks include TRX, BSC, ETH, SOL, and ARB.
- Wallet Connect: Users connect their wallets directly to pay.
Exchange Account Payments
Alchemy Pay allows users to pay with crypto held in their exchange accounts. Supported platforms include MetaMask, Kraken, KuCoin, Paxos, OKX, Bybit, Coinbase, Coinbase Prime, Binance, and Huobi.
Supported Fiat Currencies
Alchemy Pay supports 34+ fiat currencies for on-ramp purchases, including USD, EUR, GBP, HKD, JPY, THB, VND, BRL, CAD, CHF, AUD, INR, and more.
Alchemy Pay has periodically offered zero network fees (gas fees) on select cryptocurrencies including USDT, BTC, ETH, and TRX across supported fiat currencies. Check current promotions before transacting.
๐ฆ Merchant Settlement
Alchemy Pay provides merchants with flexible settlement options:
Settlement Methods
- S0 Settlement: Real-time settlement to the withdrawable account. Refunds are not allowed for this method.
- D+X Settlement: Orders in the pending settlement account are settled daily at 00:00:00 (UTC+8). All pending amounts before X hours are settled to the withdrawable account.
Withdrawal Options
- USDT Account: Supports both USDT withdrawals and fiat currency withdrawals.
- Fiat Account: Supports only fiat currency withdrawals.
Supported fiat currencies for withdrawal include EUR, THB, HKD, and USD. Settlement default supports USDT-TRX, with other settlement tokens or currencies available upon request.
๐ณ Alchemy Pay Crypto Card
The Alchemy Pay Crypto Card is a Mastercard pre-deposit card that allows users to load funds using multiple cryptocurrencies including USDT, USDC, ETH, BTC, and merchant platform tokens.
Key Features:
- Accepted on all online platforms worldwide that support Mastercard (Amazon, eBay, etc.)
- Can be linked to Apple Pay and Google Pay for offline store payments
- Supports co-branded cooperation with merchants to generate customized brand credit cards
- Supported networks: Trc20, Bep20, Erc20, Sol, Bitcoin, Polygon
- Users can instantly redeem remaining balances to cryptocurrency wallets
Countries with a monthly transaction limit of $100,000 with Mastercard Debit include Australia, Austria, Belgium, Brazil, Canada, France, Germany, Hong Kong, Italy, Japan, Korea, Singapore, United Kingdom, and many others.
๐ก๏ธ Regulatory Compliance & Licensing
Alchemy Pay holds regulatory licenses across multiple jurisdictions, enabling compliant fiat-to-crypto operations globally.
| Region | License / Registration | Status |
|---|---|---|
| United States | Money Transmitter Licenses (MTLs) | 14 states |
| European Union | MiCA License (via ZBX Group) | Exclusive partnership |
| Hong Kong | SFC License | Active |
| United Kingdom | API License | Active |
| Canada | MSB Registration | Active |
| Australia | AUSTRAC Clearance | Active |
| Switzerland | VQF Membership | Active |
| South Korea | E-Finance Approval | Active |
Alchemy Pay announced an exclusive strategic partnership with ZBX Group, a MiCA-licensed exchange in the European Union. MiCA (Markets in Crypto-Assets) is the EU's regulatory framework for crypto assets. This partnership gives Alchemy Pay access to compliant EU payment channels for on-ramp and off-ramp services across Europe.
๐ช ACH Token
ACH is the native utility and incentive token of the Alchemy Pay network on the Ethereum blockchain.
Token Utility:
- Earns cashback to both buyers and merchants as a percentage of transactions
- Businesses onboarding to Alchemy Pay pledge ACH proportional to their expected transaction volume
- Will be the native gas token on Alchemy Chain, the planned Layer-1 blockchain for stablecoin payments
| Metric | Value |
|---|---|
| Current Price | ~$0.006 |
| All-Time High | ~$0.197โ$0.241 (August 2021) |
| All-Time Low | ~$0.0013 (July 2021) |
| Circulating Supply | ~4.9โ5 billion ACH |
| Max Supply | 10 billion ACH |
| Market Cap | ~$30โ60 million |
The token's utility is tied to transaction volume on the Alchemy Pay network. As adoption grows and more merchants onboard, the token pledge requirements and cashback mechanics create demand.
๐ค Partners & Integrations
Alchemy Pay is a trusted third-party ramp provider used by over 500 Web3 companies, including centralized exchanges, crypto wallets, and leading Web3 projects.
Key Partners:
- Exchanges & Wallets: Binance, Bitget Wallet, OKX, Bybit, Coinbase, Kraken, KuCoin
- Payment & Commerce: Shopify, NIUM, QFPay (reaching approximately 2 million merchant touchpoints)
- Regulatory Partners: ZBX Group (MiCA-licensed EU exchange), dLocal (Latin America expansion)
- Hardware Wallets: D'CENT Wallet (integrated Alchemy Pay on-ramp directly in the wallet app)
๐ฐ Fees & Pricing
Alchemy Pay's fee structure consists of multiple components:
- Payment channel fee: Service fee for processing the transaction
- Card network or local channel fee: Fees charged by Visa/Mastercard or local payment processors
- FX spread: Exchange rate markup
- On-chain gas fees: Network fees for blockchain transactions
Most channels have total fees in the 1โ3% range, depending on the specific payment method and region. Specific fees are displayed at checkout before confirmation.
Settlement Speed:
- Cards: Usually fast; on-chain transfer is credited after network confirmation
- Local bank transfers: May take several hours to 1 business day
- Stablecoin settlement: Speed depends on the chosen network (TRON is generally faster than Ethereum)
For lower total fees, consider using local bank transfers where available rather than card payments. For stablecoin settlements, TRON (TRC20) typically offers lower gas fees and faster confirmation times compared to Ethereum (ERC20).
โ๏ธ Alchemy Pay: Pros & Cons
Wide global coverage: 173+ countries, particularly strong in LATAM and Asia
Strong payment method support: 19+ payment methods and 300+ payment channels
Low-KYC option: Lower verification requirements in some jurisdictions
Comprehensive product suite: On/off ramp, crypto card, Web3 Digital Bank, NFT checkout, RWA platform
Regulatory compliance: 14 US state MTLs, MiCA access, and licenses across multiple jurisdictions
Trustpilot rating: 4.5/5
Newer solution: Lacks the reputation of more established alternatives like MoonPay or Ramp
Limited crypto assets: Supports 11 cryptocurrencies
Card restrictions: Card payments not supported in certain countries including the US, UK, China (mainland), India, and others
ACH token volatility: ACH price is significantly below its all-time high