How to Accept Crypto Payments in Australia

To accept crypto payments in Australia, a business takes payment straight from the customer's wallet to its own — peer-to-peer. With THAT there are no surcharges and no card or gateway fees, so you keep 100% of every sale, settlement is near-instant, and there are no chargebacks. Funds land in your own wallet, where you can swap them in the app — for example, to a stablecoin like USDC — or move them to an exchange to cash out to Australian dollars.

Why accept crypto payments?

Crypto payments settle directly between your customer and your business, so you skip the surcharges, card fees and gateway fees that eat into card takings. With THAT there are no card or gateway fees and no listing or withdrawal fees — you keep 100% of every sale. Payments are near-instant and final, without the chargeback risk that comes with cards.

You also reach customers who already pay this way. More than 10,000 people hold crypto with THAT, over 200 businesses already accept it, and the network has processed more than 250,000 transactions — so accepting crypto puts your business in front of a ready and growing base of spenders.

How to start accepting crypto payments in Australia

Getting started takes a short enquiry. Get in touch and the THAT team helps you get set up to accept crypto at your business. The steps below walk through how it works once you're live.

How customers pay you

Customers pay you directly from their THAT wallet to yours — peer-to-peer. You can accept any token on EVM networks such as Ethereum and Polygon today, with support for Bitcoin and Solana on the roadmap. Because payments are sent wallet-to-wallet, they confirm on-chain in seconds and can't be reversed as a chargeback.

Getting your money: hold, swap, or cash out

Crypto you receive lands in your own wallet, so you stay in control of your funds. From there you can hold it, swap it in the app to another asset such as a stablecoin, or send it to a third-party exchange to convert to Australian dollars. There's no waiting on a payment processor to pay out — the money is already yours.

Tax and record-keeping in Australia

Crypto your business receives for sales is part of your records like any other income, so keep a record of each transaction. THAT can generate statements and transaction extracts to make reconciliation simpler and to hand to your accountant. For how GST and income tax apply to your circumstances, see the ATO (ato.gov.au) or a registered tax agent.

This is general information, not financial or tax advice.

Accept crypto with THAT

THAT gives Australian businesses a simple way to accept crypto and a non-custodial wallet to receive it. See how THAT works for business or download the app to get started.