In an announcement, PAY.On, a provider of white label global payment gateway solutions, says that it has partnered with Bitnet to enable payment service providers globally to offer Bitcoin as a payment method using its RESTful API-based payment platform. The strategic partnership will help the two companies reach to the new segment of customers.
Nonetheless, PAY.ON which offers white label payment gateway solutions for payment service providers, ISOs and acquirers who outsource their payment processing to accelerate growth, believes that because every business has different requirements and goals, it must offer modular solutions that can be easily optimized to suit every need.
PAY.ON’s solutions are designed to enable global payments. Omni-channel payment processing is complemented by sophisticated and robust fraud prevention solutions, and insightful monitoring and reporting tools. Thus, the company fulfills the demand for safe and secure online payment solution for the merchants and customers as well.
Build Robust, Industry-leading Payment Processing Technology
Announcing the partnership the two companies say that they aim to build robust, industry-leading payment processing technology based on the same fundamental principles that PAY.On is founded. Talking about the partnership Markus Rinderer, CEO and Founder at PAY.ON said that flexibility, scalability, and security are delivered through RESTful APIs.
According to him it makes Bitcoin acceptance simple for its network of payment service providers and their merchants. Nonetheless, he also added that enabling cross-border ecommerce has always been a core part of PAY.ON’s offering, so PAY.On partnering with Bitnet to further strengthens the global payment options available through the platform.
Merchants will have Option to Accept Bitcoin Payments from Customers
Through this partnership it has become possible for PAY.ON’s clients which range from businesses from local payment providers to multinational PSPs serving retailers offer merchants the ability to add Bitcoin to their checkout pages. Nonetheless, PAY.ON’s PSP clients can also now offer Bitcoin payments “without exposing their merchants to the risk of fraudulent transactions or volatility in the price of Bitcoin.
Talking about John McDonnell, CEO and Founder at Bitnet said that the partnership with PAY.ON enables them to achieve scale by enabling Bitcoin acceptance for over a hundred PSPs globally. He concluded that PAY.ON is an innovative technology company that powers payments infrastructure at a global level, and we are excited to be working with their team to bring Bitcoin acceptance to their PSP clients around the world.
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