Service Description

Comprehensive Platform Overview and Services

Company: AURAS Technologies MENA FZCO
Service Name: Auras Pay
Jurisdiction: Dubai, United Arab Emirates
Service Type: Non-custodial Blockchain Payment Interface (DLT SaaS Tool)

1. Overview

Auras Pay is a non-custodial, blockchain-based payment interface offered as a Software-as-a-Service (SaaS) solution for merchants. The platform enables businesses to generate on-chain payment requests and accept direct cryptocurrency payments from customers without handling or processing any virtual or fiat assets.

2. Key Functionalities

  • Generation of Solana-compatible payment links
  • Merchant dashboard with analytics and tracking tools
  • API access for eCommerce or POS integration
  • No-code front-end payment request interface
  • Compatibility with major Web3 wallets

3. Flow of Funds

  • No funds—whether fiat or crypto—flow through or are handled by Auras Pay.
  • The payment occurs directly between the customer and the merchant via on-chain peer-to-peer transaction.
  • Auras Pay does not collect, hold, transfer, or settle any funds.

4. Legal and Regulatory Position

  • Auras Pay is a non-custodial tool built on Distributed Ledger Technology (DLT)
  • The company does not operate as a Virtual Asset Service Provider (VASP)
  • No license is required under current UAE financial regulations for this technical software offering
  • KYC for merchants is performed through licensed third-party providers only

5. Commercial Model

  • Merchants pay a fixed monthly subscription fee to use Auras Pay tools
  • Subscription payments are made through off-chain methods (e.g., bank transfer or PSP)
  • There is no per-transaction fee or commission on on-chain payments

6. Technical Infrastructure

  • Built on the Solana blockchain
  • Hosted via secure VPS servers (e.g., Hetzner EU)
  • Integrated with third-party services such as Jupiter (for reference rates), DingConnect, and virtual card APIs (e.g., NymCard)
  • Auras Pay does not retain private keys, seed phrases, or wallet access

7. Security Measures

  • TLS encryption and API authentication for all platform access
  • No sensitive data stored related to crypto transactions
  • Full control remains with the merchant and their connected wallets

8. Target Users

  • Registered businesses (merchants)
  • Crypto-accepting stores, service providers, and eCommerce platforms
  • No individual (retail) user onboarding

9. Contact

📧 support@auraspay.com