Individuals and entities offering their services and acknowledging payments online such as Retailers, online shops and other companies deal with a permanent question: Is the payment suitable for my service and my product binding and unalterable? This aspect is especially significant in the instances of virtual products, which can not even be reclaimed (theoretically demanded the return of property) if a payment already made is canceled or reversed in any way – with or without wilful deceit. These and many other questions come into view more often in modern worldwide commerce.
In recent times, Karatbars introduced its own secure blockchain-based payment gateway – K-Merchant. Thanks to the innovative software, merchants and retailers are enabled to get payments in specific cryptocurrencies – Bitcoin, Ethereum, and KaratGold Coin (KBC).
All payments are processed immediately without delay, with a simple scan, eliminating any transaction value risk. It included a fully set PCI-DSS compliance and 24/7 fraud monitoring. The platform provides a seamless UX for the vendors and suppliers, continuous, uninterrupted rate optimization, and an innovative dashboard that grants clearance to various providers and partners with a single integration.
Karatbars CEO and Founder, Dr. h. c. Harald Seiz has given his opinion on K-Merchant’s advantages over market competitors: “From a merchant’s point of view, however, what is progressive is that K-Merchant is not point of sale feature – but an entire crypto payment system.”
K-Merchant is already active and cooperates with many big names such as WooCommerce, Magento, PrestaShop, Shopify, WHMCS.
K-Merchant will take that to an entirely new level because the company knows the problem why there are not more merchants that are accepting payments from 153 million people around the world. The answer is volatility: We saw what happened to Bitcoin this year. Somebody accepts a payment today running through our banking system, but before a banking staff reaches your bank account in the meantime, you can’t afford to lose 2% or 5% on your money. Some businesses will go out of business if they lose 5%. They are already paying up to 3% for the actual credit card fee and they don’t want to lose through the volatility of cryptocurrency, making merchants resistant to cryptocurrency payment systems.
What K-Merchant does is so powerful because it incorporates instant payments to the merchant.
K-Merchant is a platform for e-commerce affairs that gives you an opportunity to use all e-commerce models (Business to Consumer (B2C); Business to Business (B2B); Consumer to Consumer (C2C); Consumer to Business (C2B)) at the same time.
All in all, the main advantages of K-Merchant System are:
- The payment reaches the retailer’s account immediately;
- All payments are convenient to track and govern;
- Payments are processed fast and transparent.
K-Merchant assures that the whole process, from payment to delivery, will be smooth. All payments and products will be synchronized, and there will be no changes. Once a payment vіa K-Merchant іs completed, a K-Merchant payment order cannot be removed, dіmіnіshed, changed or even manіpulated – these are precisely the significant benefits of blockchaіn and cryptocurrencіes.
One thing is obvious: It is a massive step for the e-commerce businesses, as from now on, not only retaіlers and onlіne shops, but all people globally can use thіs new blockchain-based payment system and combine the e-commerce models as the system enables users to do that.