What Is Secure Crypto Payments?

Secure Crypto Payments is a blockchain-based payment gateway that integrates an e-Commerce transaction processor, which is responsible for the execution of secure and fast payment transactions between buyers and merchants.

Secure Crypto Payments seeks to eliminate the need for cryptocurrency exchange offices or intermediaries during online purchases thus improving the overall shopping experience in a fast and pleasant manner.

The purchasing processing using Secure Crypto Payments begins by merchants listing their goods on a trading platform. The merchants will also have to include the price of the product in currency of the market where the transaction is taking place.

Once the buyer places an order, the merchant will offer them with a variety of payments option that they can use such as Secure Crypto Payments. If the buyer selects the Secure Crypto option, the website will highlight for them the most profitable cryptocurrency that they could pay in.

After confirmation of the transaction, the platform credits the cryptocurrency to the merchant’s Secure Crypto Payments account, which will mark the end of the transaction. Secure Crypto Payments then proceeds to convert the crypto to fiat or any other cryptocurrency depending on the preference of the merchant.

The platform deposits the converted funds into the merchants’ account and merchant will receive a notification regarding the status of the payment.

In cases where the product has issues after an order is placed and received, buyers can return it during the timeframe defined by the laws of the country where the product was purchased. To receive a refund both the merchant and buyer have to agree on the conditions for returning the goods as well as the amount to be refunded.

The platform utilizes the advantages to blockchain technology to create its own utility token (SEC) that has unique features such as anonymity and transparency. The main purpose of this token will be to finance the Cashback and MultiLayer Loyalty System internal functional unit, which functions as an incentive for cryptocurrency owners to shop online.

Compared to the traditional payments systems that delayed payments, Secure Crypto Payments will have high speeds of payments confirmations since they are confirmed immediately. This enhances the process for both buyers and merchants.

The platform will enable users who would like to convert cryptocurrencies to fiat to do so at very low exchange rates via the advanced analytical algorithm that features many rates from various exchanges and the in-exchange services.

One of the key principles of the platform is buyer protection which is achieved through guaranteeing them refunds in case issues arise with the purchase.

Secure Crypto Payments will charge merchants lower fees compared to what is charged by other eCommerce platforms.

The platform is compatible with the main cryptocurrencies in the market such as Bitcoin, Ethereum, Litecoin, Dash, Monero, and others.

Through the integration of blockchain within the platform, users will receive a wide range of benefits that include anonymity, transparency, decentralization, and elimination of fraudulent payments.

173 +