Cryptocurrency Acquiring and DeFi Solutions for business
Accept payments in the Digital Cash with out to take risks due to high volatility. Acquirers are available on the market who offer a fixed-rate protection service at the time of payment. Bitcoin transaction goes to the acquirer. The acquirer exchanges cryptocurrencies for fiat, the business gets the opportunity to withdraw fiat to affordable methods. Current offers on the market will also oblige you to pass regulatory requirements like a traditional acquirer when verifying a Business. The big difference is the transparency of transaction processing without junk account maintenance fees. When choosing an acquirer, you need to consider at what cryptocurrency exchange rate you will be offered the average exchange rate at the time of payment. You can find providers of these services on the Web.
I recommend Coingate, Bitpay and Plasmapay.
Client send from his wallet in Stablecoins to Merchant and pay the commission of the blockchain fee~ $ 5 for any transaction volume
Merchant receives Stablecoin 1:1 USD on his wallet (Exchange wallet like Binance)
Merchant can sell his Stablecoin on USD through intermediary services. Example of a commission of 1% ~ $ 20 for withdrawal to the Bank Transfer
Stablecoins — a subspecies of the Digital Cash, which has a 1: 1 collateral for a fiat pair, for example, “Tether” (USDT) — is traded for a Bitcoin pair, which allows traders to take profits in fiat currency, and at the same time remain within the Digital Cash format. Stable currencies are the prototype of Bitcoin and retain its technological advantages and disadvantages. A business can accept and exchange payments to Bank accounts and payment systems on the same principle as accepting payments in Bitcoin. This payment format can hardly be called massive, since it has a number of difficulties due to the lack of traditional tools for maintaining an account like in a traditional payment system.
Client pay by Visa / Mastercard to Merchant
Merchant pay commission to acquirer ~ 3.5% — **%
Acquirer automatically converts 1: 1 to Stablecoins.
Merchant can withdraw currency by exchanging Stablecoins to Bank Transfer on average 1% ~ 20USD
This is a new type of payment acceptance from Defi solutions . The acquirer allows you to use the functionality of the Digital Cash and can provide you with a traditional model of receiving funds through card processing and automatic conversion to a Stablecoins.
Benefits Convert to Stablecoins
Stablecoins — fully owned and controlled by you as much as you own and control private keys and passwords from accounts. Neither the payment system nor government systems can technically block your account or seize your digital assets. Your account and funds can be exported (transferred) to another payment system or electronic / cold wallet. Stablecoins integration allows you to embed an account in third-party systems, games and services, exchangers, exchanges, create accounts and process payments using stable currencies. Low commissions on wallet to wallet transfers using the example of PlasmaPay are 0.01%. This service defaults to 42 fiat currencies and automatically converts them into a Stablecoins when a Visa / Mastercard checkout is connected, with the function of further withdrawal to Swift / Sepa, Visa / Mastercard and through the p2p exchange system.
Integration of wallet — to wallet checkout will not require regulatory compliance, company and account requirements. The integration of card acquiring will require you to have a registered company and the classification of your business, but it does not require you to have a Bank account. This type of payment is also convenient for the “High Risk” business. At the moment, the interest rate for processing is individual and is calculated according to a multi-level tariff plan without garbage charges of 3.5% and higher, depending on the volume and type of business. The project provides an open API and CMS modules for integration.
Perhaps this solution is ideal for starting an international business in accessible service regions, but it may not be suitable for you.
Published at Tue, 18 Feb 2020 07:37:54 +0000
