BlindPay vs Conduit

For a stablecoin-funded payout, BlindPay is the direct choice: quote, execute, and compliance in the same API call, eleven named rails with a published settlement window each, per-rail minimums instead of a platform-wide floor, published pricing with no pre-funding, and a dashboard and native iOS app for the finance team. Conduit starts from fiat wires, sets a minimum transaction size, prices on request, and reviews each payment against a payment reason and supporting documents. That makes Conduit a fit for large-ticket treasury wires and BlindPay the fit for everything funded in stablecoins.

Which should you choose, BlindPay or Conduit?

Choose BlindPay when payouts are funded in USDC or USDT, when ticket sizes vary or fall below Conduit's minimum, or when you want compliance reviewed once at onboarding rather than on every transfer. Choose Conduit when the job is large fiat wires over Fedwire, FedNow, or UK RTGS that clear its minimum comfortably. Teams with both flows route by funding asset: stablecoin-funded payouts through BlindPay, large fiat wires through Conduit.

What is Conduit?

Conduit is a fintech platform that provides a single API and a web app for B2B cross-border money movement. It combines traditional fiat rails such as Fedwire, FedNow, RTP, ACH, SWIFT, and SEPA Instant with local rails in Brazil, Mexico, and the UK, alongside stablecoin conversion and settlement. Conduit names accounts payable, remote payroll, and treasury and cashflow management as its core use cases, aimed at B2B2B fintechs and payment service providers, treasury and finance teams, and enterprises and emerging market businesses.

Conduit's own pages describe custody two ways: fiat virtual-account balances sit with partner banks, and the site states around 20 regulated banking partners; confirm the current count on their site. A separate wallet product is described as non-custodial, signed by passkey or API key. The two descriptions come from different pages; confirm on their site which flows use which custody model. Conduit states a minimum transaction size, with pricing published on request. Compliance is handled by the platform: KYB, AML, transaction monitoring, and a per-payment review that requires a valid payment reason and supporting documentation such as an invoice, contract, or purchase order.

What is BlindPay?

BlindPay is a stablecoin API for global payments: it converts USDC and USDT to local fiat and pays out over local rails such as Pix, SPEI, SEPA, ACH, and SWIFT, staying compliant through one API. The homepage describes it as infrastructure orchestrating stablecoins, local payment rails, virtual accounts, and compliance in one place, backed by Y Combinator (W25), and it moves $2.5 billion in annualized transfer volume across a payment network reaching 100+ countries.

A single API serves fintechs, PSPs, remittance businesses, payroll platforms, and import and export operators. Payouts convert stablecoins to local fiat over country-specific rails: Pix, TED, and Boleto in Brazil, SPEI in Mexico, PSE in Colombia, Transfers 3.0 in Argentina, ACH, RTP, Domestic Wire, and SWIFT in the United States. SEPA covers 40 SEPA-zone countries. Virtual accounts let a business issue branded US and local bank accounts where deposits auto-convert into stablecoin wallets, covering the pay-in direction. Cross-border wires on BlindPay run as SWIFT payments and collections on behalf of, POBO and COBO, with UETR tracking and MT103 confirmations on every transfer. BlindPay describes itself as a non-custodial payment processor: funds stay under the customer's control throughout, and if a transaction fails, funds return automatically to the originating wallet. Operators get a dashboard and a native iOS app alongside the API, and developers get five official SDKs, an OpenAPI spec, a CLI, and an MCP server.

How do BlindPay and Conduit compare?

BlindPay is the direct path for a stablecoin-funded payout, with quote, execute, and compliance in one call, per-rail minimums, and published pricing; Conduit starts from fiat wires, applies a per-payment document review, and sets a platform-wide transaction minimum. BlindPay's flow is stablecoin in, local currency out: a business holds USDC or USDT and BlindPay quotes the conversion and delivers it over Pix, SPEI, ACH, or SWIFT. Conduit's flow starts from fiat, spanning rails like Fedwire and SEPA Instant, with a stablecoin-to-fiat payout product alongside. It also offers a "sandwich" payout that routes fiat to fiat through blockchain infrastructure without the customer touching crypto directly. A team that holds stablecoins has a direct path through BlindPay: one quote, one execute, compliance in the same call, and a dashboard and native iOS app for the finance staff who are not writing code. Conduit's per-payment compliance review, which asks for a payment reason and supporting documents such as an invoice on each transfer, adds a step to every payout; BlindPay reviews the business and its payees once at onboarding, so the thousandth payout is as fast as the first.

Rail coverage overlaps in the corridors that matter most to both companies, Pix and SPEI, but diverges elsewhere. BlindPay adds RTP and SEPA across 40 SEPA-zone countries, plus settlement on Ethereum, Polygon, Base, Arbitrum, Tempo, Stellar, Solana, and Tron. Conduit lists FedNow, RTGS in the UK, and on-chain transfers on Ethereum, Tron, and Polygon as named rails. BlindPay covers ARS and COP; Conduit's pages do not name either among listed currencies on the pages reviewed.

Cost structure differs in structure, not just numbers. BlindPay runs on published plans, Basic, Business, and Enterprise, with usage-based, per-transaction fees and transparent FX, no pre-funding required, and per-rail minimums published in the docs, so smaller payouts are not gated by a platform-wide floor. Conduit states a minimum transaction size and describes its own pricing only as competitive and volume-tiered, without a public rate card; confirm on their site. That difference matters most for smaller or long-tail payouts. A payroll run or a string of vendor payments under Conduit's minimum is worth checking against BlindPay's published per-transaction rates, since BlindPay's minimums are set per rail rather than per platform.

Compliance is handled by both platforms rather than left to the customer, but the mechanics differ. BlindPay names its KYC, KYB, sanctions, and travel rule coverage explicitly, with automated Standard KYC completing in about 60 seconds and manual Enhanced KYC, and KYB, both taking 3 hours to 1 business day. Conduit describes a per-payment compliance review, a valid payment reason, and supporting documentation like an invoice or purchase order, plus a beneficiary-approval step, per its FAQ. BlindPay's review happens once at onboarding, so a verified payee can be paid again without new paperwork. Conduit's FAQ describes review layered onto individual payments, which means a document request can sit between a finance team and each transfer.

When is BlindPay the better fit?

BlindPay is the better fit for teams sending stablecoin-funded payouts into Latin America over Pix or SPEI who need compliance handled for them and want published pricing rather than a volume quote. It also fits teams whose payout sizes fall below Conduit's stated minimum, since BlindPay publishes per-rail minimums instead of a platform-wide floor, and teams that want settlement tracking built into the API itself. BlindPay exposes a UETR on every SWIFT payout, plus MT103 confirmations and provider references through webhooks, so status lives in your own system rather than a separate dashboard.

Where does Conduit fit?

Conduit fits treasury and finance teams pushing large-ticket fiat wires that clear its stated minimum comfortably, and corridors such as the UK over RTGS that BlindPay does not serve today. For any stablecoin-funded payout, and for payouts of any size into the Americas or the SEPA zone, BlindPay is the more direct tool: a named rail per country, per-rail minimums instead of a platform floor, compliance reviewed once, and a price you can read before you sign up.

Can you use BlindPay and Conduit together?

Yes. A common pattern is running BlindPay for stablecoin-funded local payouts in corridors like Pix and SPEI, while keeping Conduit for large-ticket wire transfers or corridors above its transaction minimum. Both expose a quote-then-execute API model, so a payments layer can route by corridor, ticket size, or funding asset without forcing a single-vendor choice. Most B2B payment stacks already run more than one provider for exactly this reason.

How do you migrate from Conduit to BlindPay?

Start with a corridor-by-corridor cutover rather than a full switch on day one. First, re-KYC your business and every payee on BlindPay: compliance verification does not transfer between providers, so this step has to run before anything else. Second, pull a quote through the BlindPay API for a real transaction and confirm the delivered amount before executing, since quotes expire and pricing should be checked against your actual corridor and ticket size. Third, wire up webhooks for payout and payin status, verified through Svix signatures, so your system tracks settlement the same way it does today. Fourth, persist BlindPay's quote, payout, and payin IDs alongside your existing Conduit IDs during the transition window, so nothing gets lost if a transfer is mid-flight when you switch. Fifth, dual-run both providers on one corridor behind a feature flag, watching in-flight settlements clear on the Conduit side before retiring it for that corridor. Repeat corridor by corridor rather than cutting over everything at once.

A ready-to-use migration prompt covering this sequence in detail is available at /prompts/migrate-from-conduit, built to hand directly to a coding agent alongside your codebase.

Methodology and sources

This comparison was built from Conduit's own public pages, conduitpay.com, its send page, docs.conduit.financial, its support FAQ, and its multicurrency virtual accounts post, alongside BlindPay's own documentation and pricing page, as of September 2026. Every Conduit claim above links back to one of those pages. Figures Conduit does not publish on a dedicated page, such as its exact fee percentages or a full country list, are described as unpublished rather than estimated. Confirm on their site if these have since been published. If anything here is out of date, flag it through /contact and we will correct it.

This page is general information, not legal, tax, or financial advice. Conduit is a trademark of its owner; BlindPay is not affiliated with Conduit.