Paywong is the new crypto payment gateway which gives access for merchants to start accepting crypto currencies as payment easily and quickly.
In just 6 easy steps merchants can start accepting crypto currencies on their online shop and start tapping into the trillion dollar market.
Easy entry for merchants into the cryptoeconomy
Most businesses would want to make it as easy as possible for their customers to pay and some customers want to pay with cryptocurrencies. Providing a wide range of payment options is necessary to make the payment journey as easy as possible.
With Paywong, customers can easily pay with cryptos at checkout, hassle free, without the need to worry about additional fees or requirements.
For merchants, Paywong has been designed for easy integration to their online stores with just a few simple steps, as Paywong offers ready e-commerce integrations to most platforms such as Shopify, Woocommerce etc.
Merchants will also have access to a suite of products including crypto invoicing and other upcoming products currently being built. On top of that Paywong’s merchant charges start as low as only 0.5% of the transaction value with ZERO setup or monthly fees.
No more waiting for your funds from payment gateways
Merchants will have the funds transferred into their wallets in real time, without the need to wait for days for the funds to be paid (as is usually the case with fiat payment gateways) as there are no intermediaries involved.
Paywong enables the merchants to have full control over their private keys through the non-custodial wallets, and also have complete control of their funds and payments.
For the merchants who wish to transfer their cryptos into their normal bank accounts, Paywong is working with a third-party off-ramp solution which would allow the merchants to convert crypto to fiat in real time and transfer the funds into their designated accounts.
What is so special about Paywong though?
Paywong is the first crypto payment gateway that does not require gas tokens from users to carry out the transaction. Most crypto payment gateways either require gas or network tokens to initiatie transactions.
This sometimes causes confusion amongst new crypto users and some users find it cumbersome or confusing when it comes to having to acquire or prepare gas or network tokens when paying for goods or services online.
Some users might even find themselves paying more on gas fees than for the product itself!
With Paywong, this will no longer be an issue. Users paying with crypto just need to do a one-time authorization of a transaction (sign a transaction) from their non-custodial wallet such as Metamask and Paywong handles the rest, eliminating the need for additional payments for transactions.
Paywong believes this new feature will accelerate mass adoption into crypto payments and lead to higher usage of cryptos for payment.
Set to launch in Q4 2022
Paywong will be launching the crypto payment gateway later this year and will be available for any online businesses that would like to accept payments in crypto hassle free.
The crypto payment gateway comes with features that include an intuitive dashboard to manage user funds, e-commerce integrations and also an invoicing system that generates a payment link for anyone to share.
They are currently offering the first 5,000 signups with a lifetime offer of 0.5% merchant fee.
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