Why Do I Need A Merchant Account to Accept Cryptocurrency
SecureGlobalPay recently announced a partnership with NetCents to offer our customers an exclusive opportunity to obtain a Cryptocurrency Merchant gateway.
With this partnership we offer many great options including: Instant settlements that provide merchants guaranteed protection against market-volatility and liquidity issues associated with processing cryptocurrency transactions. This partnership also allows us the benefits of offering lower fees, faster processing, and leverage the liquidity of ‘crypto-to-fiat or crypto-to-crypto’ settlement without being exposed to the risks or the price fluctuations inherent with cryptocurrencies. Regardless of the crypto or fiat currency merchants choose to settle in, the platform completes the settlement instantaneously. SecureGlobalPay can guarantee the price of the cryptocurrency transaction in real-time.
We believe that is the best way to buy, sell, send money and transact online, in store or via a mobile device.
Every cryptocurrency account is subject to stringent underwriting rules and protocols. We are now able to access 145 data sources worldwide including Interpol, FBI, and other international governing authorities.
The SaaS Payment Gateway API
The SaaS Payment Gateway API provided by our new partnership can be used by any financial institution, processor, FX platforms, and Payment Gateway to use the rails (technology for those that don’t have a CTO to give you the industry terms) to build their own cost effective cryptocurrency solution.
The SaaS platform is built on elastic computing that can scale both vertically and horizontally. This allows the infrastructure to adapt based on the number of transactions going through the system at any given moment.
What does this all mean?
This allows the API to handle more transactions per second than current blockchain technology allows for with the system deploying nodes as transaction volume increases based on our predefined set of thresholds. Currently, the infrastructure is based in North America with plans to scale and deploy more nodes in Europe and Asia. This will give us worldwide distribution, redundancy, and unmatched performance.
With nodes around the world, it will be easier to direct and distribute traffic to the closest node, increasing processing volume capabilities while reducing the overall load on our infrastructure and the time it takes to process a transaction. This benefits our merchants by providing increased processing speed and decreased transaction times.
This unique gateway solution gives the ability for anyone to become involved in cryptocurrency payments – from merchants to users to traditional payments companies to financial institutions. It bridges the gap with existing and legacy platforms, increasing the integration and adoption of cryptocurrency as an everyday method of transacting.
From financial institutions to processors to ISO’s – even WeChat and AliPay, all of these companies run on some sort of rails like SEPA or ACH, the underlying technologies that power traditional payments and connects everything.
This is replacing outdated and legacy technology. This is the future!
If you are interested in our Cyrptocurrency Gateway, please contact us today!