Bag DocsIntroduction
What Bag is, how MoR works, and what we handle for you — USDC and card payments in 100+ countries.
Welcome to Bag
Bag is a Merchant of Record for global stablecoin and card payments. When your customer pays, they pay Bag — and Bag pays you. In between, we handle tax collection, compliance, invoicing, and cross-border settlement across 100+ countries.
You build your product. We handle the money stuff. Starting at 1.5% per transaction.
What Bag handles
- Tax calculation — automatic tax collection for every jurisdiction
- Compliance — KYB verification, regulatory requirements, KYT/AML tools
- Invoicing — compliant invoices generated for every transaction
- Payment processing — USDC on multiple networks and card payments (Visa, Mastercard, Amex)
- Card compliance — PCI-DSS compliance, chargeback management, fraud monitoring
- Settlement — funds delivered to your wallet (fiat or stablecoins)
What you handle
- Your product and UI
- A webhook endpoint to know when you get paid
What is a Merchant of Record?
We're not a payment gateway. We act as your legal reseller. A standard payment gateway moves money from customer to merchant. A Merchant of Record owns the transaction itself.
When you use Bag:
- Bag appears as the seller on every receipt and invoice
- We absorb tax, compliance, and liability across all supported jurisdictions
- Crypto never touches your accounting books or corporate bank account
- You receive clean fiat or stablecoin payouts with consolidated settlement invoices
| Feature | Bag (MoR) | Standard Payment Gateway |
|---|---|---|
| Legal Seller | Bag | Your Company |
| Tax Collection & Remittance | Handled by Bag | You are responsible |
| Compliance & Regulatory Burden | Bag assumes liability | You handle local laws & chargebacks |
| Financial Reporting | Consolidated settlement invoice | Direct transaction records |
| Risk Management | KYT/AML tools integrated | You configure your own |
| Payout Options | Fiat or Stablecoins | Fiat only (requires bank setup) |
| Chargeback Liability | Absorbed by Bag | You handle disputes |
Accepted payment methods
Stablecoins: USDC on Ethereum, Polygon, Solana, and Base.
Card payments: Visa, Mastercard, American Express. Bag handles PCI-DSS compliance, chargeback management, and fraud monitoring.
Supported networks
USDC payments are supported on Base, Ethereum, Polygon, and Solana. Each production network has a testnet counterpart for sandbox development. See Environments for the full network mapping and testnet faucets.
Card payments do not require a network selection.