One of the leading crypto payment gateways NOWPayments has launched an innovative billing tool that allows businesses to have direct access to their customers’ assets, managing consumption-based crypto payments easier and more efficiently.
Now merchants can withdraw and replenish users’ deposits in their personal accounts, created on the merchant’s website, without any third parties.
NOWPayments, one of the leading crypto payment gateways, has introduced an innovative Billing tool, which helps businesses who bill their customers regularly to charge and pay them individually, depending on their consumption or performance. The NOWPayments Billing solution allows merchants to have direct access to their users’ accounts, managing the financial flow between users’ deposits and merchant accounts.
A business that benefits from crypto Billing
Many industries and businesses, widely using the consumption-based payment model, can already benefit from integrating the NOWPayments Billing tool and attract the new crypto-native loyal audience, by starting to accept crypto payments. Among the companies, most commonly billing their customers on the personalized or consumption-based model, we can see the projects from the gaming and gambling industries, SaaS, hostings and domain name providers, infrastructural projects, such as blockchain node providers, server rentals, and many more.
Marketplaces, in particular, can benefit from integrating billing features, to secure their revenues from their partners and merchants – now they can receive turnover from sales on their account directly and transfer commissions to the merchants right after.
How the NOWPayments Billing works
The seamless Billing solution, proposed by NOWPayments, is based on Master and Subaccounts infrastructure, where Master Account is the merchant’s deposit, and Sub-accounts are its users’ deposits. The Billing feature allows Master Account (merchant) to have access to the assets of Sub Accounts (users), as well as to analyze the consumption of its holders and to bill them on a personalized basis.
This ground-breaking billing concept facilitates the assets flow on the merchant’s platform between the business and its users. All the merchant has to do is just to integrate the NOWPayments tool into its website and start to accept crypto payments or payouts.
The customers, on their part, are only expected to register on the merchant’s website and to transfer some assets to their deposits in the personal accounts, created on the merchant’s website, to secure future payments. Once the deposit was transferred, the customers don’t have to get involved in future payments – they will be withdrawn automatically, based on the amount of their consumption during the accounting period. The deposit, provided by the customer, guarantees future payouts to the merchant.
Benefits of billing customers via NOWPayments
- Differentiate the sum of your regular payments — charge or pay your customers every time as much as you wish
- No need to get your customer involved in payments — once users are subscribed to your service, you charge them automatically according to consumption
- Automatically managed payment flow — the customer deposits the assets just once, without getting involved in further payments
- White-label solution available — Users can manage their payments without letting your customers know you are using NOWPayments
- Increased customer base — start to accept payments from anywhere in the world
- 150+ cryptocurrencies with instant autoconversion — receive the cryptocurrency you love or convert to riskless stablecoins
About NOWPayments
NOWPayments is a crypto payment gateway that lets you accept crypto payments in 150+ cryptocurrencies. It also offers a Mass Payments solution. Regardless of what crypto customers pay with, merchants can choose to accept the coins they prefer – NOWPayments converts them automatically.
The NOWPayments platform also supports fiat conversion and offers crypto donation tools.
NOWPayments provides merchants with a variety of tools: API, invoices, donation widgets, buttons, as well as plugins for WooCommerce, ZenCart, PrestaShop, Opencart, WHMCS, Magento 2, and others. Moreover, NOWPayments allows merchants to receive crypto payments in brick-and-mortar stores via a Point-of-Sale terminal.
NOWPayments is a non-custodial payment gateway, which means that all your payments will be instantly transferred to your own wallet that only you can have access to.
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/nowpayments-launches-a-disruptive-innovation-in-crypto-billing/