Ratio

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Frequently asked questions

What is Ratio?

Ratio is a financial technology company that provides banking services through its partner banks. It enables money movement on and off the blockchain by avoiding card networks and using payment networks instead, resulting in a 90% success rate for transactions. Ratio offers a seamless payment experience by connecting financial accounts to the blockchain through single payment identities and integration with fiat gateways. It also supports access to tokens, NFT purchases, and P2P payments.

How does Ratio enable seamless blockchain payments?

Ratio enables seamless blockchain payments by providing a payment experience that connects financial accounts to the blockchain. It offers single payment identities, allowing users to create a payment identity with one-time KYC to pay anywhere Ratio is integrated. It also integrates with any fiat gateway, allowing users to connect their existing financial accounts using local payment methods like ACH. Ratio supports access to tokens, NFT purchases, and P2P payments through pre-built contract integrations. It enables reliable movement of fiat to crypto globally by avoiding card networks and using payment networks instead. This results in a 90% success rate for transactions, keeping customers happy and engaged.

What payment methods can Ratio connect to?

Ratio can connect to financial accounts through various payment methods, including ACH (Automated Clearing House), eTransfer, Faster Payments (planning), and SEPA (planning). These payment methods allow users to create a single payment identity with one-time KYC (Know Your Customer) to pay anywhere Ratio is integrated. Ratio also enables users to fund their accounts using local payment methods like ACH, providing a seamless and consistent experience for money movement on and off the blockchain.

Does Ratio support token transactions and NFT purchases?

Yes, Ratio supports token transactions and NFT purchases. Ratio enables a seamless payment experience that connects financial accounts to blockchain. Users can access tokens, NFT purchases, and P2P payments through pre-built contract integrations.

How can Ratio help me move fiat to crypto globally?

Ratio can help you move fiat to crypto globally by providing a seamless and reliable money movement experience. Unlike card networks, Ratio uses payment networks to facilitate transactions, resulting in a 90% success rate. With Ratio, you can connect your users' existing financial accounts using local payment methods like ACH, allowing them to fund their accounts and make payments from any global payment rail. Ratio also offers single payment identities, which include one-time KYC, allowing users to pay anywhere Ratio is integrated. Additionally, Ratio provides pre-built contract integrations for accessing tokens, making NFT purchases, and facilitating P2P payments.

What are the main features of Ratio?

The main features of Ratio include:

1. Seamless blockchain payments: Ratio allows for a seamless payment experience by connecting financial accounts to blockchain.

2. Single Payment Identities: Users can create a single payment identity, including one-time KYC, that can be used across the entire Ratio network.

3. Integration with any fiat gateway: Ratio enables users to connect their existing financial accounts using local payment methods like ACH, allowing for easy fund transfers.

4. Access to tokens, NFT purchases, and P2P payments: Ratio provides pre-built contract integrations that allow for transactions involving tokens, NFTs, and peer-to-peer payments.

5. Bring your own contract: Users can integrate their own custom smart contracts with Ratio.

6. Reliably move fiat to crypto globally: Ratio facilitates money movement on and off the blockchain, providing a seamless and consistent experience while avoiding the high failure rates associated with card networks.

Overall, Ratio aims to provide an easy way to embed a payment network into web3 products, ensuring trust, security, and support for end users.

How can I get started with Ratio?

To get started with Ratio, you can implement Ratio in the way that works best for your platform or business. Ratio is a financial technology company, not a bank, and banking services are provided by Solid Financial Technologies, Inc.'s partner banks who are Member FDIC. Ratio Labs USA Inc. is registered with FinCen as a money service business. You can access the resources, documentation, and support provided by Ratio to integrate their products, such as the White Label API, React Native SDK, and React JS, into your platform. Ratio also offers a dashboard with new features, including the ability to create an account and generate sandbox credentials instantly. The company is focused on providing a great developer experience and aims to give you the tools to self-serve.