Express payments via WhiteBIT Pay. How does it work?

WhiteBIT
Published 13 December 2022
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Express payments via WhiteBIT Pay. How does it work?

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As the popularity of cryptocurrencies grows exponentially, business owners have become interested in integrating the new payment method. Some international companies such as Starbucks, Microsoft and Tesla are already actively accepting cryptocurrency payments. So, let’s understand how cryptocurrency payments work and consider offline and online ways of accepting crypto.

How to accept cryptocurrency payments?

You can accept cryptocurrency payments both offline and online. Whitepay has created products that allow any business to set up cryptocurrency payment acceptance in its offline outlets or online on the website.

With cryptocurrency acquiring, online stores can accept cryptocurrency payments on their website. Whitepay platform provides fast, convenient and secure acceptance and processing of digital currency payments. Currently, more than 140 currencies are supported. Merchants can customize the payment page, view the status of transactions and accounts in real-time and much more.

For offline payments, a POS terminal is used. This POS terminal allows merchants to calculate the amount the customer has to pay and issue an invoice. So, customers pay for goods or services in an offline store, and the PoS terminal processes and records the transactions.

Express payments via WhiteBIT Pay. How does it work? 

Whitepay team is constantly improving its products and wants to make them even more convenient for its customers. WhiteBIT Pay is another incredible update from Whitepay. So, how does it work?

Let’s take an example. For example, a customer wants to pay for a product or service with crypto and chooses a payment method through Whitepay. Then he sees a window where the order amount is indicated and two payment methods — via WhiteBIT or another cryptocurrency wallet. The customer chooses payment via WhiteBIT. Then he selects the currency he wants to pay and also sees the current rate and the amount in the selected currency.

The customer presses the “Pay” button and receives a QR code. Then he has to go to the WhiteBIT mobile app and select “Scan code” on the main screen. Accordingly, he scans the code and confirms the payment in the WhiteBIT application. As you can see, everything is effortless!

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And what are the advantages of WhiteBIT Pay?

A logical question arises, why do you need to use WhiteBIT Pay. What benefits do users get?

Firstly, it is much faster because during scanning the code, all the information is pulled into the application and you just need to confirm the payment.

Secondly, the probability of making a mistake when entering the cryptocurrency wallet address or choosing a network is reduced to zero. All the necessary data is pulled up during scanning the code.

Thirdly, the speed of the transaction increases significantly since the whole process takes place within the exchange. And the most pleasant thing is the absence of network commission, which saves the client money. So, what do you think about this update?