How it Works

This page outlines the step-by-step process for using ShieldPay, whether you're off-ramping from cryptocurrency to USD or on-ramping from USD to cryptocurrency.

Backed by leading security experts and fintech investors

Step 1: Complete KYB Verification

Our system verifies your business and it's owners by performing:

Sanctions checks
PEP screening (Politically Exposed Persons)
Negative news searches and criminal history checks.

This process ensures compliance and eliminates risk by conducting off-chain real-world scanning.

Step 2: Transaction Scanning

Before any transaction, we screen wallets you want to interact with for:

Sanctions violations
Terrorist financing
Child/Sexual Exploitation Material (CSAM)
Fraud, money laundering, and other illicit activities

This is performed using on-blockchain scanning tools, providing a secure and compliant transaction process.

Off-Ramp Process: Crypto to Fiat

Initiate Transaction

Indicate you'd like to off-ramp and select your blockchain and currency (e.g., USDT on the Tron network).

Provide Bank Details

Enter your bank information (name, routing number, account number, address).

Get Deposit Address

We provide a dedicated deposit address and QR code for your crypto transfer.

Crypto to Fiat Transfer

Once USDT is received at the deposit address, we initiate a same-day wire transfer to your bank (minus pre-agreed fees).

Track & Complete Transaction

Monitor transaction and wire status via our dashboard. Once the wire lands, the transaction is complete, and you receive an invoice for accounting and tax records.

On-Ramp Process: Fiat to Crypto

Initiate Transaction

Indicate how you'd like to send USD (via wire, ACH, SWIFT transfer, PayPal, etc.).

Specify Crypto Details

Select your preferred cryptocurrency, blockchain, and wallet address (all wallets undergo screening).

Get Wire Instructions

Receive dedicated wire information for sending your USD.

Fiat to Crypto Transfer

Once we receive the wire, we immediately transfer the cryptocurrency to your wallet (minus pre-agreed fees).

Track & Complete Transaction

Monitor transaction status via our dashboard. Once the crypto transfer is complete, you receive an invoice for accounting and tax purposes.

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Services for EEA residents are provided under terms of service with Shield Security Sp. Z.o.o., KRS: 0001100857, License: RDWW-1281

Services for Non-EEA residents are provided under terms of service with Shield Security Inc. Money transmission services for applicable services provided to US residents are provided by Bridge Building Inc. NMLS # 2450917.