SET DIRECT DEPOSIT · FOR PLATFORMS THAT PAY IN USDC
You pay in USDC. Your payees get dollars. You earn on every payout.
Keep paying USDC exactly as you do now. Any US payee who would rather have dollars gets one permanent address that pays their own bank, and you get 0.3% of every payout that lands there. No integration, no fiat handling, no payee data on your side.
WHAT IT IS
SET Direct Deposit by Simple Easy Transactions, in one paragraph.
SET Direct Deposit by Simple Easy Transactions lets a platform that pays people in USDC keep paying USDC while each US payee who wants dollars receives them in their own bank account. The payee gets a permanent SET Cash-Out Address on Base or Ethereum; Bridge converts each payout from USDC to USD and pays the payee's bank by ACH; the platform earns a share of SET's fee on every payout that lands.
Not the same as setting up direct deposit of a paycheck. Want your pay to arrive as USDC instead? That is SET Wallet & Cash-Out. Converting USDC you already hold? Read how to cash out USDC to USD, or get a SET Cash-Out Address.
HOW IT WORKS
Your side: one link. Their side: one address.
- 01
Add one link to your payout settings
"Want dollars instead? Get a bank address." Your link carries your partner code, so every payee who signs up through it is counted for you.
- 02
Your payee sets up once
They sign in to SET Wallet with their email, verify their identity with Bridge, link their own US bank account and get a permanent USDC address on Base or Ethereum.
- 03
They paste the address where you pay them
The same payout-wallet field you already have. Before you pay, your system can ask SET's address check whether that address takes payouts.
- 04
You pay USDC, exactly as today
Bridge converts each deposit and pays the payee's bank by ACH. Your side sends USDC to an address; nothing else changes.
- 05
You get a share of every payout that lands
Your partner key opens a monthly statement: each payout you sent, which ones Bridge paid, the volume, and your share. SET pays your share monthly.
WHAT YOU EARN
0.3% of the dollars that reach your payees' banks.
| Monthly payouts that land in US banks | Your monthly share at 0.3% |
|---|---|
| $100,000 | $300 |
| $500,000 | $1,500 |
| $1,000,000 | $3,000 |
| $5,000,000 | $15,000 |
The payee pays SET's fee, which Bridge withholds from each cash-out: 1.5%, or 0.5% if the payee chooses Pro ($29 a month) for their own Cash-Out Address. Pro is the payee's personal plan; your platform never buys it, and nothing here is a subscription for you. Your share comes out of SET's fee and never exceeds it.
WHO IT IS FOR
Platforms that pay the same people in USDC, again and again.
YOUR PARTNER KEY
Two calls, with the key SET issues you.
Send it as Authorization: Bearer set_partner_… to wallet.simpleeasytransactions.com. SET stores only a hash of your key.
GET /api/partner/statement?month=2026-10: Payouts you sent that month, which Bridge reports paid, the paid volume, your share, and sign-ups through your link. No payee names, emails or banks.GET /api/partner/address?chain=ethereum&address=0x…: Whether a payee's address is an active Direct Deposit address on that network, so you can check before you pay.
WHAT BRIDGE SAYS
The rules it runs on, in Bridge's own words.
“A Liquidation Address is a permanent payment route which ties a blockchain address to either a fiat or blockchain address.”
Each payee's Direct Deposit address is a Bridge liquidation address that pays their own bank account.
Bridge liquidation address guide“A business partner deposits funds to your customer's Liquidation Address and the customer confirms who sent it”
Bridge's Travel Rule FAQ lists this as a case its developers handle: the business that sends is the originator, and the developer submits its details.
Bridge Crypto Travel Rule FAQConversion and payouts are provided by Bridge, not by SET. “Services for U.S. residents are provided, where applicable, by Bridge Building Inc. (NMLS ID 2450917).” (Bridge website footer)
WHAT TO KNOW FIRST
The rules and limits, plainly.
- New: SET is onboarding its first launch partners. Each platform is registered by SET, with its legal details and the wallets it pays from, before its first payout.
- Payees must be US residents with a US bank account, and must verify their identity with Bridge once. Bridge does not serve New York residents.
- USDC only, on Base or Ethereum. USDC sent on any other network, or any other token, is not converted.
- SET sets no maximum per deposit.
- Your payouts must come from wallets you register with SET, so Bridge receives your business as the sender of each payout. A payout from an unregistered wallet reaches Bridge without your business named, and SET is alerted to follow up.
- The payee pays SET's fee, withheld by Bridge: 1.5% per cash-out, or 0.5% if the payee chooses Pro ($29 a month) for their own Cash-Out Address. Pro is the payee's personal plan; you never buy it. Your share comes out of SET's fee, never out of the payee's payout.
QUESTIONS
What platforms ask first.
What is SET Direct Deposit?
SET Direct Deposit by Simple Easy Transactions lets a platform that pays people in USDC keep paying USDC while each US payee who wants dollars receives them in their own bank account. The payee gets a permanent SET Cash-Out Address on Base or Ethereum; Bridge converts each payout from USDC to USD and pays the payee's bank by ACH; the platform earns a share of SET's fee on every payout that lands.
Is SET Direct Deposit the same as getting my paycheck paid in USDC?
No, it runs the other way: SET Direct Deposit turns USDC a platform pays you into dollars in your bank. To have a paycheck or client payments arrive as USDC instead, SET Wallet & Cash-Out gives you your own US account number from Bridge, where each bank deposit arrives as USDC, for a 3% fee.
Do we have to change how we pay?
No. You keep sending USDC to the address in each payee's profile. The only addition is registering the wallets you pay from, so each payout can name your business to Bridge.
Does SET hold our funds or our payees' funds?
No. SET never holds funds or keys. Bridge converts the USDC and pays the payee's bank. SET pays your share from its own fee.
What do we see about our payees?
Payout ids, amounts, states, dates and on-chain transaction hashes for the payouts you sent. No names, emails or bank details.
How is our share worked out?
Basis points of each payout you sent that Bridge reports paid to the payee's bank, never more than SET's own fee on that payout, in whole cents. This page uses 0.3% as the example; your agreement sets yours.
What if a payee is outside the US?
They keep receiving USDC from you as today. Direct Deposit pays US bank accounts by ACH only.
SOURCES