Crypto conversion timing and volatility exposure

When is crypto converted?

For a valid completed crypto payment, Bead converts the received crypto promptly after receipt and confirmation.

Bead does not hold completed crypto payments in crypto until settlement. Once the payment is completed and converted, the fiat proceeds are held for settlement and later deposited according to the applicable settlement schedule.

Is conversion real time, batched, or at settlement?

Conversion occurs as part of the payment completion flow, not at the later settlement deposit date.

Crypto is not held and converted in a settlement batch. The later settlement process is based on the converted fiat proceeds.

Does the merchant have crypto volatility exposure until settlement?

No. The merchant is not intended to have crypto price exposure through the settlement window.

The quoted payment amount is locked through the provider’s payment window and the crypto is converted as part of the payment completion flow. After conversion, settlement occurs from fiat proceeds rather than from crypto held until settlement.

What is the maximum exposure window?

The exposure window is tied to the payment quote window and conversion processing, not the settlement timing.

Once a valid payment is completed and converted, later settlement timing does not create additional crypto price exposure for the merchant.

What happens if crypto is sent after expiration or in the wrong amount?

If a payment is not completed successfully, the crypto may remain unconverted and be handled through Bead’s reclaim process.

Examples can include underpaid, expired, invalid, or cancelled payment outcomes. In those cases, the payment should not be treated the same as a completed payment.