About Flexa
Flexa is a cutting-edge crypto payment gateway that belongs to AMP, a leading blockchain technology company with the goal of taking money towards the 21st century by enabling cryptocurrency payments.
Flexa provides a secure, low-cost and fast payment solution for merchants looking to accept cryptocurrency payments. With Flexa, merchants can accept payments in Bitcoin, Ethereum, USDC, and other popular digital currencies. Flexa is a good choice for merchants looking to accept cryptocurrency payments and is currently being used by some of the leading companies in the blockchain space. At this time, only offline payments made in-store are supported by Flexa; online payments will be available in the future and is currently being tested with selected merchants.
Below, you can find our full Flexa review.
Overall judgement
Flexa Review scores
Transaction fees
Functionalities
Accepted cryptocurrencies
Ease of setup
Customer support
Positives
- Free and easy integration
- Flat and competitive fee of 1.0%
- Volatility protection
- Over 90 cryptocurrencies are accepted
Negatives
- Currently only supports in-store payments and not online payments
- Long approval process
- 3 out of the top 10 cryptocurrencies are unsupported
- Not possible to keep the incoming crypto. All payments are directly converted to fiat
Transaction fees
Flexa charges a transaction fee of 1% of the total purchase value, which is comparable to most of its competitors and thus provides a moderately attractive offer for merchants.
Functionalities
Flexa is currently dedicating a lot of attention to their in–store crypto payment gateway, allowing stores, for example movie theaters, to accept cryptocurrency payments. Unfortunately, their online crypto payment gateway is still in its testing phase and is not yet available to the public.
Flexa has implemented volatility protection as its most important functionality. By converting all crypto transactions directly to fiat (typically USD) and sending them to merchants, merchants are insulated from the volatility of crypto. This is beneficial for many; however, some may not like that Flexa does not offer the option to receive crypto as crypto.
Accepted cryptocurrencies
Flexa boasts one of the most comprehensive collections of cryptocurrencies available for acceptance as a payment gateway. The number of cryptocurrencies now being accepted stands at 90+, however, this doesn’t include some of the biggest players in the space, such as the world’s largest stablecoin, Tether (USDT). Also BNB and Ripple are unsupported which is a major drawback. See which of the biggest cryptocurrencies Flexa currently accepts below. A complete list of all 90+ currencies can be found on Flexa’s website.
- Bitcoin (BTC)
- Ethereum (ETH)
- USD Coin (USDC)
- Binance USD
- Dogecoin (DOGE)
- Cardano (ADA)
- Solana (SOL)
- Tether (USDT)
- BNB
- Ripple (XRP)
Ease of setup
If you’re looking to accept crypto via Flexa, the first step is to become a Flexa approved merchant. Unfortunately, this may prove to be the most difficult part of the integration process. Since Flexa is only available in the United States and El Salvador, merchants in other countries may not have the same luck. If you meet the location criteria, simply fill out a form and a Flexa representative will reach out to you. If accepted, you can then start accepting cryptocurrencies via the Flexa system.
Plugin integrations
Similar to most cryptocurrency payment gateways, Flexa also offers multiple, easy-to-use pre-build integrations for different webshop systems. Some notable integrations available exist for:
- Woocommerce
- Magento
- Prestashop
- Opencart
- And more
API integration
Merchants wanting more customizability and having the necessary coding knowledge can opt for an API integration with Flexa. Alternatively, they can contact a Flexa team member who will help them integrate Flexa into their existing (point-of-sale) systems. To do so, visit the Flexa integrations page.
Safety
Flexa payments are highly secure, utilizing advanced encryption technology to protect customer data and ensure secure transactions. All payments are protected by advanced fraud detection systems, helping to safeguard customers from any potential security threats.
Frequently asked questions
Flexa is a cutting-edge crypto payment gateway provided by AMP, a leading blockchain technology company. It offers a secure and efficient solution for merchants to accept cryptocurrency payments. With Flexa, merchants can expand their payment options by enabling customers to make purchases using popular cryptocurrencies like Bitcoin, Ethereum, and USDC. Flexa aims to revolutionize the way money is transacted by bringing cryptocurrency payments to the forefront of the 21st-century economy.
Yes, Flexa prioritizes safety and legitimacy. It implements advanced encryption technology to ensure that customer data is protected and transactions are secure. Flexa also employs robust fraud detection systems, adding an extra layer of security for both merchants and customers. By adhering to industry best practices and maintaining a strong focus on security, Flexa aims to instill trust in its users and provide a reliable payment gateway solution.
To utilize Flexa’s services, merchants must first go through an approval process to become a Flexa approved merchant. Currently available in the United States and El Salvador, merchants meeting the location criteria can fill out a form to initiate the process. Upon acceptance, a Flexa representative will reach out to guide merchants through the integration process. Merchants can choose from different integration options, including pre-built plugin integrations for popular webshop systems like WooCommerce, Magento, PrestaShop, and OpenCart. Alternatively, merchants with coding knowledge can opt for API integration, allowing for greater customization and seamless integration with their existing (point-of-sale) systems.
Flexa operates by providing a streamlined payment solution for merchants to accept cryptocurrency payments. When a customer makes a purchase using cryptocurrency, Flexa’s system facilitates the conversion of the crypto transaction into fiat currency, typically USD. By converting the payment to a stable fiat currency, Flexa helps merchants mitigate the volatility associated with cryptocurrencies. This ensures that merchants receive the appropriate value for their products or services, regardless of the fluctuating crypto market. The converted fiat payment is then securely transmitted to the merchant, completing the transaction.
Yes, Flexa implements KYC (Know Your Customer) procedures to comply with regulatory requirements as a money services business. During the registration process, you will be asked to provide certain information such as your full name, date of birth, email address, and state or territory of residence. This information is necessary to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
As a money services business, Flexa is legally obligated to verify the identity of its users. To fulfill this requirement, Flexa compares the provided information (full name, date of birth, and state or territory of residence) against lists provided by regulatory bodies such as the Office of Foreign Assets Control (OFAC), the Federal Bureau of Investigation (FBI), and other relevant government entities.
Flexa is headquartered in New York, USA, specifically located at 79 Madison Ave
