Advantages

*No charge backs

No Chargebacks - One of the largest issues for merchants in today's e-commerce sector is chargebacks. While some chargebacks are warranted, the current state of friendly fraud is so bad that both Visa and Mastercard have implemented programs in an attempt to combat it. Chargebacks are not only problematic due to lost inventory, but they also put your merchant account at risk while adding fees for each chargeback received.
Our gateway will eliminate this issue, as we are simply facilitating transactions on the blockchain. While this does add additional risk for a consumer making a purchase, it protects the merchant from dealing with the major headaches associated with chargebacks.
No Reserves - The majority of e-commerce merchant accounts have reserves attached to them. These reserves are used to "protect the bank's risk." They typically have a 90+ day rolling reserve that ranges from 10% to 30%. This percentage is based on the product being sold, the bank that is underwriting the merchant account, and the credit score of the merchant account signer.
What typically happens is that as a merchant scales, their risk portfolio increases. Merchant banks use this as an excuse to hold reserves and, in many circumstances, deplete the reserve with small print fees, essentially pillaging the merchant and also hurting the merchant's customers. CRAZY...
With our gateway, there will be no need or ability to create a reserve account for a merchant. We are nothing more than a facilitator that helps delegate commerce between consumers and vendors.
No Holds - Merchant issuing banks are notorious for holding users' funds for a multitude of random reasons. Some are justified, some are absolutely nuts, and in some cases, for extremely nefarious reasons. With our gateway, the merchant becomes the bank, so there would be zero reason to hold any funds as PayPal, Stripe, and others do.
No Risk Associated Fees - By offering a decentralized payment gateway, we eliminate the need for underwriting as we are simply a tool. With just providing the tool, there is no need to judge the risk of the merchant using our gateway and charge a larger fee. We have no risk as a gateway provider. Our fee is flat and will remain flat for all sectors because that is closer to true decentralization.
No Capacity Limits - One major problem with merchant accounts is scale. Banks only issue merchant identification numbers (MIDs) for what they are willing to risk in processing. New MID capacities can range anywhere from $10,000 a month up to $75,000 a month, and usually cap out at around $500,000 unless you are exceptionally clean with your processing.
This matters because if a merchant is able to scale up to $5 million in sales in a week, there are no blockades in place to prevent them from doing so. Whether you process $5 million or $50 million in transactions in a month, our gateway operates the same way.
No Underwriting - Every merchant account with banks is underwritten by risk (yes, even PayPal and Stripe). Underwriting can prevent more from happening than most merchants probably realize.
Instant Payments - Just like payment facilitators, you get your payment instantly with our gateway. No hold or rollover—the transaction goes straight to your wallet.

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Last updated 10 months ago

Advantages

*No charge backs

No Chargebacks - One of the largest issues for merchants in today's e-commerce sector is chargebacks. While some chargebacks are warranted, the current state of friendly fraud is so bad that both Visa and Mastercard have implemented programs in an attempt to combat it. Chargebacks are not only problematic due to lost inventory, but they also put your merchant account at risk while adding fees for each chargeback received.
Our gateway will eliminate this issue, as we are simply facilitating transactions on the blockchain. While this does add additional risk for a consumer making a purchase, it protects the merchant from dealing with the major headaches associated with chargebacks.
No Reserves - The majority of e-commerce merchant accounts have reserves attached to them. These reserves are used to "protect the bank's risk." They typically have a 90+ day rolling reserve that ranges from 10% to 30%. This percentage is based on the product being sold, the bank that is underwriting the merchant account, and the credit score of the merchant account signer.
What typically happens is that as a merchant scales, their risk portfolio increases. Merchant banks use this as an excuse to hold reserves and, in many circumstances, deplete the reserve with small print fees, essentially pillaging the merchant and also hurting the merchant's customers. CRAZY...
With our gateway, there will be no need or ability to create a reserve account for a merchant. We are nothing more than a facilitator that helps delegate commerce between consumers and vendors.
No Holds - Merchant issuing banks are notorious for holding users' funds for a multitude of random reasons. Some are justified, some are absolutely nuts, and in some cases, for extremely nefarious reasons. With our gateway, the merchant becomes the bank, so there would be zero reason to hold any funds as PayPal, Stripe, and others do.
No Risk Associated Fees - By offering a decentralized payment gateway, we eliminate the need for underwriting as we are simply a tool. With just providing the tool, there is no need to judge the risk of the merchant using our gateway and charge a larger fee. We have no risk as a gateway provider. Our fee is flat and will remain flat for all sectors because that is closer to true decentralization.
No Capacity Limits - One major problem with merchant accounts is scale. Banks only issue merchant identification numbers (MIDs) for what they are willing to risk in processing. New MID capacities can range anywhere from $10,000 a month up to $75,000 a month, and usually cap out at around $500,000 unless you are exceptionally clean with your processing.
This matters because if a merchant is able to scale up to $5 million in sales in a week, there are no blockades in place to prevent them from doing so. Whether you process $5 million or $50 million in transactions in a month, our gateway operates the same way.
No Underwriting - Every merchant account with banks is underwritten by risk (yes, even PayPal and Stripe). Underwriting can prevent more from happening than most merchants probably realize.
Instant Payments - Just like payment facilitators, you get your payment instantly with our gateway. No hold or rollover—the transaction goes straight to your wallet.

PreviousMarkets NextDisadvantages

Last updated 10 months ago