Processing topups and withdrawal

Cryptocurrencies

Crypto payments are made through the bot. A unique payment address is generated for every transaction. When the bot receives the payment to this address, you'll get a corresponding notification. LendingOwl uses NowPayments to process deposits and withdrawals from the bot. Our partnership with NowPayments will ensure that all transactions on the bot are performed swiftly and in a more effective manner.

Please notice

– USDT (TRC20) and BUSD (BEP20) withdrawals require gas. For affiliates, it will be included in the network fee (currently, it’s around $1 per withdrawal). But if you want to allow the bot to manage withdrawals for you, it’s your responsibility to have enough gas on your LendingOwl account.
– When affiliates request a withdrawal through the bot, they will get an email with a confirmation link. Without confirmation, the withdrawal will not be executed.

NowPayments

To connect your NowPayments account open the main menu with the command /menu and then go to My Account -> My NowPayments and then follow the instructions. Incoming payments go directly to your personal wallet, that you enter in your NowPayments settings.

NowPayments charges a 0.5% fee on every payment. More details you can find here.

Crypto-USD

Crypto-USD is an option, which allows you to set amounts in USD, but accept payments in crypto. The bot will convert these prices in real time to cryptocurrencies of your choice. This option is very convenient if you want to accept payments in highly volatile cryptos, but keep prices at the same level relative to USD. You can choose which cryptos are available for this option using the ‘Crypto-USD currencies’ button in the ‘Price’ section of the bot settings.

Remember, that if you set both crypto prices and Crypto-USD prices, the latter will override the former ones.

PayPal

Fiat money payments are made through PayPal. PayPal also accepts payments with bank cards. To see the list of available currencies check the ‘Price’ section of the bot settings. When paying with PayPal, borrowers can choose between a one-time payment or an automatic recurring payment. You don’t need to do anything to enable recurring payments for your account, it’s already available by default. Users can switch between a one-time payment to a recurring payment. A recurring mode can be enabled only by a borrower during the payment.

Activation codes

Activation codes on LendingOwl can be used by borrowers to prolong their loans. For instance, lenders can give activation codes when they accept manual payments from their borrowers. Or you can organize a lottery or a competition as a lender and give out codes as prizes. You can generate a code in your account's setting or use the command /code.

The fee for borrowers using activation codes is calculated together with a PayPal fee: several users * 0.5 EUR but it total is never higher than 35 EUR.

Bug fixes and error corrections would also be performed in real-time.