FAQ
Questions, answered plainly.
Is sendor made by X?
No. sendor is not made by, affiliated with or endorsed by X Corp. You sign in with your X account, and you pay sendor in X Money the way you would pay any person.
Where does my money go?
When you add dollars, your X Money payment goes to sendor’s X Money account, @sendorapp. We then send the same amount in USDC, a dollar stablecoin, to your own Solana wallet.
Between those two moments sendor holds your dollars. After that, the USDC is in your wallet, not at sendor. When you cash out, you send USDC to sendor and we pay dollars by X Money to your handle.
Which countries?
X Money is for US residents 18 and over, so adding dollars and cashing out with X Money is for the US only.
In the apps, Apple Pay and card go through a licensed partner where it operates, and you can also send crypto from another wallet. The apps will not be in the UK or India app stores at launch.
What does it cost?
0.5% on every buy and sell. Adding dollars is free. Cashing out to X Money costs 1% plus $1. Launching a coin is free; your first buy at launch pays the 0.5% like any buy. All fees
Can I lose money?
Yes. Memecoins are extremely risky. A coin’s price can fall to zero in minutes, and you can lose all of the money you put in. Only use money you can afford to lose. sendor does not give investment advice.
Who controls my wallet?
You do. When you sign in, sendor makes a Solana wallet that belongs to you, and you can export its key at any time.
How do I know I am paying the right account?
Our X Money handle is @sendorapp. Check it letter by letter before you send, because X Money payments cannot be reversed. We never ask for money in a DM.
What is the note code?
A six character code sendor shows when you add dollars. Put it in the X Money payment note. It links your payment to your deposit screen. We still only add payments from the X account you signed in with.
What if I pay from another X account, or pay less than the minimum?
It is not added to anyone’s balance. We review it and send it back to the account it came from. The smallest deposit is $20.
How long does adding dollars take?
X Money payments between people usually complete right away. A person on our team confirms each payment before we send USDC, so it is not instant. sendor shows each stage as it happens.
Why can I not cash out right after a deposit?
Cash out opens 24 hours after your last deposit. X Money payments between people can be disputed, and the hold stops a disputed payment from being clawed back after the dollars have already left.
What if X Money is not set up on my account when I cash out?
X holds the payment for about 14 days so you can finish setting up X Money and claim it. If it is not claimed, X returns it to us and we send your USDC back to your wallet. Claimable payments
Is there a sendor token?
No. Anyone selling a sendor token is not us.
Is sendor open?
Not yet. Join the waitlist