Coinbase (NASDAQ:COIN) recently announced that its Business services division has introduced global payouts and payment links, allowing businesses to send and receive stablecoin USDC with competitive fees, instant settlement, and global reach. These tools aim to simplify vendor payments, eliminate chargebacks, and offer seamless API integrations, empowering businesses to scale efficiently.
Coinbase explained in a blog post that businesses have to moves fast – so their funds need to move quickly as well. For too long, traditional B2B payments have been a “maze of high fees, slow settlement, and cross-border friction.”
When paying out, sending funds to global vendors and contractors often means navigating costly wire transfers, “unfavorable” exchange rates, and multi-day delays where funds may get stuck.
When getting paid, businesses are burdened by “high processing fees, extra charges for international sales, and the constant risk of chargebacks.”
Developers selling digital goods in app stores feel this financial friction even more with “platform taxes taking up to 30% of their revenue.”
These inefficiencies often tend to lock up valuable cash flow and “hinder growth for businesses of all sizes.” Now there’s a “better way forward” with new payment tools on Coinbase Business.
Coinbase revealed in a blog post that they are launching new features – global payouts and payment links – making Coinbase Business an all-in-one app for paying out and “getting paid in digital dollars.”
With their global payouts feature, clients are able to send USDC, a stablecoin pegged to the US dollar, to any onchain address or email address, enabling efficient cross-border payments with “no gas fees for recipients on networks like Base.”
Payouts can be funded from on platform balances or “a connected bank account.”
Improved contact management makes it easy to save vendor details, reducing the risk of errors and simplifying repeat payments.
And if the recipient does not have a crypto wallet, they can receive the payment via email, create a Coinbase account “to claim their funds, and easily cash out in their local market.”
The accompanying Payouts API enables businesses to automate their payment workflows, triggering on-demand, batch, or “scheduled payouts to vendors and contractors globally.”
Collecting payments from customers is now said to be “low-fee, instant, and global.”
With payment links, businesses can now create “a shareable link to request a specific amount in USDC.”
As noted in a blog post by Coinbase, customers can then use that link to pay in a seamless, gasless experience that “accepts hundreds of wallets like the Base app, MetaMask, and Phantom.”
Payments typically settle in under a second on Base with no additional network fees, no chargebacks and no more “3% fees for credit card swipes.”
For developers, their upcoming Payment Links API allows for the dynamic creation of payment links at scale, which may be suitable for collecting payments inside an app or e-commerce flow.
Stablecoin USDC balances that are maintained in Coinbase Business are then automatically enrolled in USDC Rewards and can “currently earn 4.1% APY rewards, and can be cashed out on demand to a linked business bank account via Wire or ACH.”
All transfers may be synced with QuickBooks or Xero via their accounting integrations with CoinTracker, enabling clients to adopt crypto payments while ensuring compliance.
Together, global payouts and payment links aim to provide entrepreneurs with access to significantly lower fees, instant settlement, and a global reach – giving them the options to build and grow their business in a sustainable manner.