3 ways to charge your customers with Cryptoprocessing.comWe are constantly looking for ways to streamline payment experience for both merchants and customers. Our crypto payment solutions are adapted to all business models, so that every company can find a billing method that suits its needs.
At Cryptoprocessing.com, we work with 220+ clients from very different areas of business — iGaming, digital exchanges, e-commerce sites, and so forth. Their transactions are very different: making a deposit at an online casino isn’t the same as purchasing a product or service. We didn’t want to force a single billing method on all our merchants — so we created three different ones.
InvoicesThis is the best option for merchants who offer specific services at set prices. The price on the merchant’s website can be quoted in a fiat currency — say, US dollars. If a customer chooses to pay in crypto, this fiat price is automatically recalculated at the up-to-date exchange rate. Just to remind you: Cryptoprocessing.com supports 30+ different coins.
The amount due in crypto is then frozen for 15 minutes. The system provides the customer with an invoice containing a blockchain address and informs them that they have a 15-minute window to make the payment.
What if the customer cannot pay within the allotted time? No problem: the amount is simply recalculated at the new exchange rate and opens a new 15-minute payment window.
ChannelsThe second billing method is perfect for sites where customers themselves choose how much to pay and when. A good example is topping up a deposit on an iGaming site or any other pay-as-you-go business.
In this case, Cryptoprocessing.com generates a channel — a unique blockchain address for the transaction. The customer needs to select a cryptocurrency, but there is no specific amount. The address can be used to send any amount of crypto at any moment. Customers themselves choose when to pay and how much.
Plug and PlayThis billing option is our first major innovation in 2020. It’s designed specifically for iGaming sites, such as online casinos and bookmakers. As you know, iGaming is our prime area of expertise, and we have dozens of casinos among our clients, including BitStarz, TrueFlip and mBit.
On iGaming sites, users need to keep their accounts topped up so that they can keep playing. This can become a major headache, since you have to keep track of how much money you have left on the balance. If you suddenly run out of funds, you have to fill the payment form, send the money and wait for it to be processed. For someone who uses gambling as a source of income, this is a serious issue.
Of course, payments in crypto help, since they are processed much faster. But we decided to go even further and introduce automated recurring payments.
It sounds complicated, but it’s actually very simple:
1) Register a CoinsPaid wallet (which will be released shortly);
2) Allow sign-in to your favorite iGaming site from your CoinsPaid account and activate automated deposits;
3) Choose how much you want to deposit and at what moment — for example, $100 as soon as your account balance goes down to $0;
4) Choose for how long you want your Plug & Play deposits to work — for instance, 1 month.
That’s it — you don’t need to worry about topping up your account anymore. Cryptoprocessing.com will do everything for you so that you can do what you really enjoy — play games!
To learn more about our crypto processing solutions, visit our brand-new
website.