Become an Onboard Merchant to Earn $10-$100

Overview

Onboard and Coinbase Wallet are collaborating to provide global onchain ramps, expanding access to the onchain economy and stablecoins for users across over 50+ markets. The initial focus of this collaboration is on key regions in LATAM, Asia and Africa.

Integration Highlights

For Users

• Seamless P2P Ramps: Enjoy direct access to Onboard P2P ramps integrated within Coinbase Wallet.
• Automatic Merchant Matching: Effortlessly connect with trusted merchants for smooth local currency on/off ramps.
• Secure Transactions: Merchant payment details are securely displayed, ensuring a safe and transparent process.
• Quick Deposits and Withdrawals: Make local currency deposits and withdrawals with ease.
• Fast Swaps: Complete fiat-to-stablecoin swaps in under 3 minutes through trusted merchants.

For Merchants

• Ad Management Made Easy: Create and manage ads effortlessly using the Onboard app.
• Effortless Matching: Automatically connect with Coinbase Wallet users looking for on/off ramp services.
• Built-In Escrow System: Enjoy peace of mind with secure, escrow-protected transactions.
• Real-Time Updates: Stay on top of trades with instant notifications and easy management tools.
• Secure and Confidential: Payment details are only displayed in-app at the point of payment.
• Earnings Guarantee: Merchants can earn an additional 3% monthly return on the liquidity they provide, on top of the profits they make from their transaction fees (spread).

Priority Markets

Our rollout strategy focuses on:

• Phase 1 (Established): Nigeria and Kenya - markets with proven demand and existing crypto adoption
• Phase 2 (Expansion): Philippines, Indonesia, India, Argentina - high-potential markets with growing digital asset interest ( our current phase)
• Phase 3 (Growth): Additional markets including Mexico, Brazil, and Turkey - strategic expansion into diverse economic regions

N.B: While Coinbase already has users in these countries, there are no merchants available to facilitate on/off ramp transactions. We are actively recruiting merchants to fill this gap, improving user satisfaction and driving growth in the overall user base.

Why Onboard P2P is Different

• Non-Custodial: Your assets alway remain in your possession - we operate a self custody wallet and cannot access user funds.
• Onchain Escrow: We have created a secure, transparent transaction protection system which prevents any instance of fraud during P2P transactions.
• Gas Fee Benefits: Sponsored gas fees and gas fee rebates
• Token Rewards: Future token airdrop opportunities
• Decentralized Governance: Merchants own the network and participate in protocol evolution, unlike other centralised P2P platforms.

Merchant (Liquidity Providers) Expansion Strategy

The success of this initiative relies heavily on building a robust network of P2P merchants who will serve as liquidity providers to the new users. To achieve this, we are looking to sign-up merchants, first in our primary markets, with an objective to:

• Recruit and onboard 5-7 merchants per market
• Build local merchant communities through events and partnerships with key stakeholders in each country
• Incentivise participation of merchants by paying guaranteed earnings, based on their willingness to provide liquidity and availability to complete trades

How to Get Started as a Merchant

1. Download and install the Onboard Wallet app
2. Complete KYC verification and get your account provisioned
3. Deposit USDC into your wallet
4. Create your first trade Ads
5. Start receiving and completing orders (trade requests)

Additional Benefits for Merchants

• Early adopter privileges for future promotions
• Priority customer support access
• Reputation building through verified badge system
• Referral commissions for merchant recruitment
• Access to exclusive merchant community events
• Regular performance analytics and insights

Guaranteed Earnings Program

The objective of this programme is to incentivize merchants' willingness to become a part of Onboard, thereby supplying consistent liquidity for P2P trades. The program currently offers the following incentives to merchants:

• 3% monthly earnings on escrowed liquidity (capped at $20,000)
• Additional performance-based bonuses
• Special incentives for early adopters in new markets (including first holders of native token)

Merchant Requirements

Participating merchants must meet the following criteria:

• Maintain minimum daily liquidity of $1,000
• Keep ads active for at least 8 hours daily
• Achieve 90% trade completion rate
• Complete trades within 5 minutes
• Maintain a 4.5+ user rating
• Provide responsive customer support
• Participate in regular platform updates and training

Updated on: 20/12/2024