# Overview ## AkashicPay: Non-Custodial Crypto Payment Gateway
### What is AkashicPay? **AkashicPay** is the world's first decentralised Web3 payment solution service, offering a low-fee, non-custodial framework built on [**AkashicChain**](https://docs.akashicpay.com/terminology#akashicchain) technology. By combining the security benefits of cold wallets with the convenience of hot wallets, it creates a direct merchant-to-consumer payment system that streamlines the settlement and payout processes. This innovative approach makes **AkashicPay** ideal for both businesses new to cryptocurrency payments and those already integrated with existing centralised solutions. Merchants gain complete control over their assets while benefiting from seamless payment processing, reduced transaction costs, and enhanced security. {% embed url="" %} ### Key Features * **Non-Custodial Platform**: AkashicPay does not hold any of your assets or keypairs * **High Speed with Low Fees**: Industry-leading [deposit settlement](https://docs.akashicpay.com/terminology#deposit-settlement) fee of just **0.1%** * **One-to-One Address Mapping**: Each end-client receives a dedicated and permanent address * **Trustless Settlement**: Based on on-chain smart contracts on [AkashicChain](https://docs.akashicpay.com/terminology#akashicchain) * **Automated Processes**: Settlement, address management, and [withdrawals](https://docs.akashicpay.com/terminology#payout-withdrawal) are all automated through the SDK or SecureAPI * **KeyPair Management**: Enhanced security with additional rotatable [KeyPair](https://docs.akashicpay.com/terminology#keypair) for access management * **Real-Time Settlement**: Immediate access to your funds — no waiting for banks to clear ### How AkashicPay Works The AkashicPay system operates through a straightforward process: 1. **Deposit Address Generation**: Each client receives a unique [L1 blockchain address](https://docs.akashicpay.com/terminology#layer-1) 2. **Payment Processing**: When funds are sent to the address, they are securely received and are immediately available in your account. 3. **Callback Confirmation**: The system provides a callback to confirm when funds have been deposited 4. **Settlement**: Funds are settled according to the payment terms with minimal fees (**0.1%**) ### End-Client/User Experience When using **AkashicPay**, each transaction generates a unique deposit address e.g. ``` TRjE1H8dxypKM1NZRdysbs9wo7huR4bdNz ``` This address is presented to users along with a QR code for easy scanning:
### Deposit Wallet Compatibility **AkashicPay** can be used alongside existing wallet solutions: * Deposits can be made using any compatible third-party wallet or service * Supported wallets include MetaMask, TronLink, and other standard blockchain wallets * Gives your[ End-Clients](https://docs.akashicpay.com/terminology#end-client) flexibility to choose how they top up their balance or send funds to your system. * We also provide our own wallet solution: [**AkashicLink**](https://docs.akashicpay.com/terminology#akashiclink) * If using [**AkashicLink**](https://docs.akashicpay.com/terminology#akashiclink), users can take advantage of reduced fees if the recipient[ L1 address](https://docs.akashicpay.com/terminology#layer-1) to deposit/withdraw from has an associated [Akashic L2 address](https://docs.akashicpay.com/terminology#l2-address-akashic-address) * Transactions between [**AkashicLink**](https://docs.akashicpay.com/terminology#akashiclink) users are low cost — Akashic [L2](https://docs.akashicpay.com/terminology#layer-2) to [L2](https://docs.akashicpay.com/terminology#layer-2) transactions are **0.1 USD** equivalent token. ### Security and Control **AkashicPay** prioritises security and control through: * Replacement of private key authentication with [KeyPair](https://docs.akashicpay.com/terminology#keypair) *authorisation*. * All [L1](https://docs.akashicpay.com/terminology#layer-1) private keys are managed by the [**AkashicChain**](https://docs.akashicpay.com/terminology#akashicchain) consensus layer * Private keys are handled in a [*non-custodial*](https://docs.akashicpay.com/terminology#non-custodial-custodial) way through the use of Shamir Secret Sharing. * No single entity of the chain has access to your private key * No single jurisdiction has access to the majority of the nodes of the chain * Owner and API/SDK [KeyPair](https://docs.akashicpay.com/terminology#keypair) can control multiple crypto assets * Treasury KeyPair can approve transactions * Encrypted wallet security ensuring only you can access your funds * Blockchain-based security for all transactions and settlements * There is an [immutable ledger](https://docs.akashicpay.com/terminology#immutable-ledger) of transactions i.e transaction history cannot be changed ### Benefits for Businesses Implementing **AkashicPay** provides several advantages: * **Direct Payments**: No intermediaries between you and your customers * **Lower Fees**: Save significantly on transaction costs compared to traditional payment processors * **Quick Integration**: Easy SDK or SecureAPI implementation for developers * **Web3 Compatibility**: Future-proof your payment infrastructure * **Enhanced Security**: Blockchain-based security without [custodial ](https://docs.akashicpay.com/terminology#non-custodial-custodial)risks * **Open Source SDK and SecureAPI**: Payouts are made directly from [**AkashicChain**](https://docs.akashicpay.com/terminology#akashicchain) through the SDK or SecureAPI without AkashicPay’s involvement. ### Technical Specifications | Feature | Details | | -------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Supported Networks | TRC20 / ERC20 / BEP20 / SPL | | Deposit Charge | **0.1%** (or a minimum charge of **0.1 USD** equivalent token per transaction) | | [Gas Fee Delegation](https://docs.akashicpay.com/terminology#gas-fee-delegation) | Please refer to AkashicChain's network fees [here](https://docs.akashicscan.com/#layer-1-l1-fees)\* | | Settlement Period | Real-Time | | Deposit Method | QR code / wallet address | | Daily Deposit Limit | Unlimited | | Service Hours | 24/7 | | Transaction Arrival Time |

L1:
Tron: \~60-90 seconds

Ethereum: \~140-200 seconds

BSC: \~12-24 seconds

Solana: \~10-20 seconds
AkashicChain (L2): instant

| | Customer Service Support | 24/7 | | Admin Dashboard | Yes | | Transaction Monitoring | Yes | | Service Targets | Any Industry | | Minimum Daily Transaction Upon Account Creation | None | | L1 Address Activation Fee | 0.5 USD equivalent token (One-time fee on first deposit) | | Minimum Viable Deposit | 1 USD equivalent token (Deposits below this are not settled) | | SDK Support | JavaScript, Java, C#, PHP, Go | | SecureAPI Support | Yes | \*[Gas Fee Delegation](https://docs.akashicpay.com/terminology#gas-fee-delegation) is inclusive of actual L1 network gas fee. Please note that minor adjustments will be made regularly based on market conditions as decided through [**AkashicChain**](https://docs.akashicpay.com/terminology#payout-withdrawal) consensus. ### Getting Started To implement AkashicPay in your business: 1. [Create an AkashicPay account](https://docs.akashicpay.com/guides/quick-guide) 2. [Integrate the AkashicPay SDK into your application](https://docs.akashicpay.com/sdk/getting-started-with-sdk) or [integrate the AkashicPay's SecureAPI into your application](https://docs.akashicpay.com/secureapi/getting-started-with-secureapi) 3. [Configure payment settings and callbacks](https://docs.akashicpay.com/dashboard/settings) 4. Begin accepting cryptocurrency payments with minimal fees! For developer documentation and SDK or SecureAPI access, visit our [SDK section](https://docs.akashicpay.com/sdk/sdks-and-toolkits) or [SecureAPI section](https://docs.akashicpay.com/secureapi). ### Contact Us For more information about **AkashicPay** and how it can benefit your business, please contact our team: * [Support](mailto:support@akashicpay.com)