Developer Installment Payment via Crypto

Case Study: Developer Installment Payment via Crypto

A Dubai property investor needed to make a scheduled installment payment of AED 282,000 to a developer but wished to pay in cryptocurrency rather than bank transfer. 1tab handled the complete chain: KYC verification, USDT receipt, AED conversion, cheque issuance, and same-city courier delivery. The cheque reached the client within 48 hours of payment, and the developer confirmed receipt the following morning.

Transaction Snapshot

ParameterDetailsValue
PurposeDeveloper Installment Payment
Cheque AmountAED282,000
Crypto ReceivedUSDT (TRC-20 / Tron network)77,000 USDT
1tab Service Fee1% of cheque amount2,820 AED equiv.
DeliveryCourier, Dubai350 AED
Total TurnaroundFrom crypto receipt to cheque delivery< 48 hours

Background

The client was mid-way through an off-plan property purchase in Dubai, paying the developer in agreed installments. The upcoming installment of AED 282,000 was due on a fixed schedule: missing it would have breached the purchase agreement.

The client held the required funds in USDT and preferred to use crypto rather than initiate a traditional bank transfer. The challenge: developers in Dubai require payment by manager’s cheque, not crypto. The client needed a reliable bridge between their digital assets and the AED banking system, with a confirmed delivery before the payment deadline.

How It Works: Step by Step

#StepDescription
1Verification Link SentClient receives a KYC verification link and completes passport-based identity verification online.
2Crypto PaymentClient sends 77,000 USDT via the Tron network (TRC-20). Client provides Tron scan transaction link as proof of payment.
3Conversion to AED1tab converts the received USDT into UAE Dirhams on 1tab’s side. No action required from the client at this stage.
4Cheque Issuance Initiated1tab submits the cheque request with the client’s provided details. Client also provides a cover letter for delivery.
5Delivery Details CollectedClient provides the delivery address in Dubai. Courier fee of AED 350 confirmed.
6Cheque Issued & DispatchedCheque issued within 48 hours of payment. Courier delivers to the specified Dubai address.
7Confirmation ReceivedThe following morning, the developer confirms receipt and credits the installment payment to the client’s account.

KYC & Compliance

Before processing any payment, 1tab manager sent the client a secure verification link. The client completed the identity check online using their passport: a straightforward process that takes only a few minutes. Verification is required for all transactions and ensures compliance with UAE financial regulations.

Once verified, the client was cleared to proceed with the crypto payment. The Tron scan transaction hash was provided as proof of payment, giving both sides a transparent, on-chain record of the transfer.

Crypto-to-AED Conversion

The client transferred 77,000 USDT via the Tron (TRC-20) network. 1tab accepts payments across multiple blockchain networks, including TRC-20, ERC-20, BEP-20, and others, giving clients flexibility in how they transact.

Conversion to AED was handled entirely on 1tab’s side. The client did not need to interact with any exchange or deal with conversion rates manually. Once the USDT was received and confirmed on-chain, 1tab initiated the cheque issuance process immediately.

Courier Delivery Across Dubai

The client provided:

1tab dispatched a courier with the sealed cheque and cover letter. The flat courier fee for any Dubai address is AED 350. The cheque was delivered within the 48-hour window from payment receipt.

Outcome

The developer received the cheque and credited the installment payment to the client’s account. The client received a confirmation notification the morning after delivery. The installment was posted on time, the purchase agreement remained in good standing, and no penalties were incurred.

Following this transaction, the client continued to use 1tab for subsequent installment payments. This is a testament to the reliability and simplicity of the process.

Key Highlights

Need to pay a Dubai developer installment with crypto? 1tab handles the full chain, from USDT to delivered manager’s cheque, in under 48 hours. Contact 1tab’s manager in Telegram or leave a request below to learn more.

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