CrudePay turns oil trade payments into a deal-linked workflow. Every transfer (Fiat or Crypto) is connected to verified parties, the contract, supporting documents, and milestone-based payment terms—so high-value transactions move faster with less bank friction.
Traditional bank transfers are "blind": banks see a big amount but not the deal context. That triggers delays, extra questions, and sometimes rejected payments. CrudePay fixes this by attaching the deal story (KYC/KYB + contract + documents + milestones) to every payment.
Follow these steps to transform your oil trade payments from opaque to transparent
Start a new deal and define the trade basics: Buyer, Seller, optional Broker/Agent, Product (crude/refined), quantity, pricing terms, Incoterms, Delivery window and key conditions, Required document checklist, Payment type: Fiat, Crypto, or Hybrid (Fiat + Crypto).
Each party completes verification once inside CrudePay: Company verification (KYB), Representative identity verification (KYC), Ownership/directors where required. Verified profiles are reusable, so repeat trades become faster and smoother.
Upload and manage everything inside the Deal Room: Contract + amendments (version history), Proforma/invoice, Shipping documents (e.g., BL) and certificates, Inspection reports. All files remain structured, searchable, and tied to the same deal timeline.
Oil trades rarely use one simple payment. CrudePay supports real trade structures: Deposit/reservation, Pre-loading payment (if agreed), Balance on documents/after inspection, Split payments for partial shipments. Each milestone includes amount, trigger conditions, required documents, and approval rules.
CrudePay supports three payment methods: Fiat, Crypto, or Hybrid
STEP 5A: Generate a bank-ready payment package. For every milestone, CrudePay generates: standardized payment reference, purpose of payment and milestone summary, verified counterparty details (KYC/KYB snapshot), exact supporting documents banks typically request.
STEP 6A: Send and Track. Execute the transfer using standard rails (SWIFT/SEPA/local bank transfer). Track status inside CrudePay: Initiated → Pending → Cleared. If a bank asks questions, respond from the same deal record.
STEP 5B: Link verified wallets. Wallet addresses are connected to verified KYC/KYB profiles so counterparties are not anonymous: Deal-level approved wallet lists, Ownership confirmation (where required), Traceable sender/receiver mapping.
STEP 6B: Pay per milestone with on-chain proof. CrudePay generates milestone-linked crypto payment instructions and records transaction proof: Each transaction is tied to a milestone and document set, Status follows network confirmations.
Use Crypto for speed on some milestones (e.g., deposit) and Fiat for others (e.g., balance). Everything stays under one timeline with the same KYC/KYB, contract, documents, and audit trail.
What happens when payments get paused, and how CrudePay preserves your complete trade history
When a payment is delayed or questioned: Open the milestone and instantly share the required documents, Provide a clean deal summary and purpose of payment, Show what changed (amendments and version history), Resolve faster without scattered emails and mismatched files.
When the trade completes, CrudePay preserves the full history: Who verified and when (KYC/KYB), Who approved each milestone, Which documents supported each payment, Proof of every Fiat/Crypto transaction. This creates trust, reduces disputes, and makes the next deal faster.
What you achieve with CrudePay's deal-linked payment workflow
For high-value oil trades with full compliance context
Fewer bank delays with structured documentation
Deal → milestone → documents → payment proof
Through clear audit trails and immutable records
Create your first deal and move oil payments with clarity—Fiat, Crypto, or Hybrid.
