There are no fees (for the merchant)
For the most part, there's no merchant fee, but it looks like they do charge 0.0005
BTC for each of the transactions involving external
BTCitcoin addresses.
- IMO, that should be dynamic as opposed to a fixed fee.If you want to use External BTC addresses for transactions, then each time an external transaction is used, a send out fee of 0.0005 BTC is deducted from the amount.
and even though there is no mention of KYC in their FAQ page, I'm almost certain it's required.
I don't think a lot of merchants would choose a processor that requires their customers to either have an account with Paxful or force them to create one and go through a KYC process
[I know it's just a phone number and an email verification, but still...] just so they could purchase something.
- Paxful Pay - Step By Step Guide For New Users