OpenNode, a bitcoin payment processing service, has announced a new enhancement on its platform enabling a scheduled bank transfer feature.
The new tool combines the benefits of accepting bitcoin – no chargeback fraud, lower fees, and easy international payments – with the convenience of supported fiat currencies.
Scheduled bank transfers are an easy way for merchants or anyone else accepting bitcoin to move their BTC earnings from the OpenNode platform to a bank account on a recurring basis.
Users’ full USD account balance will be automatically transferred to their bank account daily, once the minimum threshold set has been reached.
The OpenNode platform processes scheduled transfers every day at 7:00 PM UTC for USD and 05:00 AM UTC for all other fiat currencies.