> For the complete documentation index, see [llms.txt](https://docs.oyf.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.oyf.io/introduction/problems-and-solutions.md).

# Problems and solutions

## Problem - Current Solutions

**Traditional Payment GatewaysChallenge**: Current payment gateways, both fiat and crypto, rely on a centralized, commission-based model, where intermediaries (banks or fintech companies) hold onto funds and deduct fees before releasing them to merchants.

**Delayed settlements:** Merchants may experience waiting periods of up to 7 days to receive funds, impacting cash flow and operational efficiency

**Lack of transparency:** The fee structure can be non-transparent, making it difficult for merchants to accurately predict and budget their costs.

**Limited control:** Merchants relinquish control of their funds during the processing period.**Statement**

**2: Peer-to-Peer Crypto TransactionsChallenge:** While offering a decentralized approach, peer-to-peer (P2P) crypto transactions often lack key features essential for businesses and customers

**Limited recordkeeping:** Transactions are not always recorded in merchants' systems, making it difficult to track sales, generate invoices, or manage their financial records effectively.

**Insecurity and complexity**: P2P transactions can be more susceptible to fraud and require users to navigate complex wallet-to-wallet transfers, potentially deterring customers due to a lack of trust and familiarity.

**Solution –** [**OYF.IO**](http://OYF.IO)

[Oyf.io](http://Oyf.io) bridges the gap in existing payment solutions for merchants and customers in the crypto space by:

**Eliminating commissions and delayed settlements**: Unlike traditional gateways, [oyf.io](http://oyf.io) operates on a subscription model, allowing for faster settlements and transparent pricing for merchants.

**Enhancing security and recordkeeping:** Compared to P2P transactions, [oyf.io](http://oyf.io) provides a secure platform where merchants can connect their wallets and generate invoices. This enables transparent recordkeeping and boosts customer confidence with official documentation.

**Simplifying the payment process:** [Oyf.io](http://Oyf.io) integrates with merchants' e-commerce platforms, allowing customers to seamlessly make payments directly without the complexity of P2P transfers. This streamlines the payment process for both parties.

\*\*Overall, [oyf.io](http://oyf.io) empowers merchants with:\*\*Faster settlements and cost-effective transactions through its subscription model.Enhanced security and recordkeeping capabilities for improved financial management.Integration with existing e-commerce platforms for seamless customer payments. Customers benefit from official invoices and booking confirmations, offering increased transparency and trust.A secure and familiar payment environment within established e-commerce platforms. By addressing the limitations of both traditional gateways and P2P solutions, [oyf.io](http://oyf.io) seeks to create a more efficient, secure, and user-friendly experience for both merchants and customers in the crypto payments landscape.

**Market Comparison**

<table data-full-width="true"><thead><tr><th>Features</th><th>OYF.io</th><th>Other crypto payment Providers</th><th>P2P</th></tr></thead><tbody><tr><td><strong>3rd party Custody</strong></td><td>NON</td><td>MUST</td><td>NON</td></tr><tr><td><strong>Fees</strong></td><td>0%</td><td>1% - 2.5%</td><td>0%</td></tr><tr><td><strong>Payout</strong></td><td>Instant</td><td>2-3 days</td><td>Instant</td></tr><tr><td><strong>Payment link</strong></td><td>Available</td><td>Available</td><td>NONE</td></tr><tr><td><strong>Recurring payments</strong></td><td>Available</td><td>Non</td><td>NONE</td></tr><tr><td><strong>Refund Option</strong></td><td>Available</td><td>NON</td><td>NONE</td></tr><tr><td><strong>KYC</strong></td><td>Not required</td><td>Required</td><td>NONE</td></tr><tr><td><strong>E-commerce Solutions</strong></td><td>Available</td><td>Available</td><td>NONE</td></tr><tr><td><strong>E-commerce APIs</strong></td><td>Available</td><td>Available</td><td>NONE</td></tr><tr><td><strong>Hidden Fees</strong></td><td>NONE</td><td>Depends</td><td>NONE</td></tr></tbody></table>