Swapin Interview: Crypto Payments Made Easy
We had the pleasure to video interview Ivar Jaanus, the Head of Business Development of Swapin. The video is also available on YouTube.
We had the pleasure to video interview Ivar Jaanus, the Head of Business Development of Swapin. The video is also available on YouTube.
Ivar Jaanus is the Head of Business Development at Swapin. The company began over a decade ago as a crypto on and off-ramp, allowing individuals and businesses to buy and sell crypto. Over the years, Swapin has evolved into a full B2B crypto payment gateway that helps merchants accept crypto payments without volatility risks.
“We allow merchants to accept crypto payments in a very easy, fast way.”
Today, Swapin’s core focus is on B2B payments. Their flagship product, Swapin Collect, is a payment gateway link used across different industries. Luxury merchants, iGaming operators, investment platforms, cleaning services, private aviation, and real estate companies are already among their clients.
“It is a very simple product which allows you to accept crypto payments without any of the crypto risks in a fast and compliant way.”
Swapin ensures that invoices within the European Union are settled to the exact amount. At the moment of payment, rates are locked in, and the company takes the volatility risk. For merchants, there are no fees at all. Costs are covered by the end customer making the transaction.
“For a merchant, you always receive the exact amount you want in your bank account, fast and efficient.”
Payments are processed through different banks. By default, settlements appear under the Swapin name. For some merchants, Swapin can also provide named IBANs, so that settlements are made under the merchant’s own bank name.
Merchants using Swapin pay absolutely no fees. There are no onboarding or monthly fees. Transaction costs are covered by customers, which is standard in the crypto industry. Crypto users, both companies and individuals, are already accustomed to covering these costs.
“For merchants, absolutely zero fees. No onboarding fees, no monthly fees, nothing.”
Swapin operates under an EU VASP license and is fully regulated in the European Union. The company is non-custodial, meaning it does not hold customer funds at any time. All processes are automated, from crypto conversion to settlement in euros, ensuring that client funds are safe and separated.
Swapin is on track to process between 300 and 500 million euros in transactions this year. Growth is strong across industries including luxury goods, international trade, iGaming, and gaming.
Unlike typical exchanges, Swapin is payment focused first. Registration follows a standard KYC procedure, but the platform avoids trading features, wallets, or seed phrases. This makes it simple for individuals who want to make straightforward payments.
“Payment first, simple and easy.”
Looking ahead, Swapin is expanding integrations with investment platforms, gaming companies, and e-commerce businesses. The company is focused on building a stronger ecosystem and infrastructure to deliver faster payments and smoother flows. These improvements are aimed at meeting the needs of merchants and their customers, especially in the iGaming space.
“We are improving our ecosystem and our infrastructure so we can make better products, faster payments, smoother flows, which is what the merchant wants.”