How to get paid from abroad into your own wallet

Two ways to ask for a payment

• Your address. You share it with a sender who holds USDC on the Stellar network. No amount is set in advance.

Both end the same way: USDC arrive in your wallet and the payment appears in your history.

Before the first payment

Open Receive. The first time, Kudu asks where the funds will come from: from another Kudu user, or from an exchange or another wallet. For a payment from an exchange or another wallet, your account has to exist on the Stellar network and accept USDC first, or the sender's payment is refused. Kudu shows two setup cards for this: one to activate your account and one to allow USDC. You confirm each once, on your device.

When you activate your account and allow USDC, Kudu pays the network deposit and the network fee for these two steps, subject to conditions. If Kudu cannot cover them, the setup is refused and nothing is charged.

Share your address

1. Open Receive, tab "My address", and choose USDC.
2. Copy your address, or show the QR code to the sender.
3. If the sender pays from an exchange and Kudu shows a memo, copy the memo too. A memo is an extra reference that the sender attaches to the payment. The screen marks it "required from an exchange", and a Kudu member who pays you does not need it.
4. Tell the sender to send USDC on the Stellar network only. The screen says that a different asset or network means a permanent loss.

Create a payment link

Use a link when you want an exact amount.

1. Open Receive, tab "Request".
2. Choose the type: Fixed, Min., Max., Range or Open. Enter the amount. For a fixed amount in USDC, the screen says that the payer sends exactly that amount and that it does not change when the exchange rate moves.
3. Under Options, you may choose a reason, an expiry (24 hours, 7 days, 30 days or none) and whether the link can be used once or more than once.
4. Choose "Create payment link". Share the link or the QR code, for example with "Share on WhatsApp".

The payment link appears under "My active requests", where you can cancel it. A cancelled payment link no longer accepts payments. You cannot undo a cancellation.

What your client does

• With your address: the client sends USDC on the Stellar network to your address. If the client pays from an exchange and Kudu shows a memo, the client adds it. The client checks the address before confirming, because a send cannot be undone.

If your client pays from an exchange

EU rules apply to the exchange. The EU transfer regulation (Regulation (EU) 2023/1113) says in Article 14(5) that for "a transfer of an amount exceeding EUR 1 000 to a self-hosted address", the crypto-asset service provider of the originator "shall take adequate measures to assess whether that address is owned or controlled by the originator".^[2] This guide does not say what that means for a given payment. Ask the exchange.

After the payment arrives

Your balance shows the USDC, and your history lists the payment. You can hold it, send it on, or cash it out. The guides "What is USDC?" and "How cash out works with MoneyGram" cover the next steps.

USDC refers to the US dollar. If you spend in euros or CFA francs, the value of a dollar in your currency changes from day to day. The European Central Bank publishes a euro to dollar reference rate, and the rate differs from day to day.^[1] Kudu shows amounts in other currencies for information only.

Paperwork

Keep your invoice and the transaction reference from your history. Tax rules depend on where you live; ask your tax authority.

Three mistakes to avoid

1. The wrong network. Only send USDC on the Stellar network to your address.
2. A missing memo. A sender who pays from an exchange needs your memo, if Kudu shows one.
3. An address typed by hand. Copy it or scan the QR code, then compare the first and last characters.

Questions

Next guide How cash out works with MoneyGram Turn USDC into cash at a MoneyGram location. What you do in Kudu and what MoneyGram does. Read the guide