LONDON | Optimal Payments and Bitpay have partnered to enable NETELLER customers to use Bitcoin to top up their NETELLER accounts. It makes Optimal Payments one of the first major financial institutions to facilitate digital currency transactions on a global scale.
For over a decade, the NETELLER stored value service has provided businesses and individuals with a fast, simple and secure way to move money online. As one of the world’s largest independent money transfer businesses, it processes billions of dollars’ worth of transactions each year.
Addition of Bitcoin
“NETELLER already provides merchants and customers a broad and diverse set of online payment options and the addition of Bitcoin gives them another valuable payment method to help convert more transactions” said Joel Leonoff, president and CEO, Optimal Payments. “We recognise the important role that crypto-currencies play in the future of payments and we look forward to working with BitPay as the acceptance rate grows.”
The ability to accept Bitcoin
BitPay's processing offering mitigates the risk of Bitcoin price volatility by allowing the merchant to accept Bitcoins and immediately convert them to the currency of choice. Since BitPay works across multiple currencies, it is a suitable payment option for those who sell their products and services throughout the world.
Merchants have the ability to accept Bitcoins with numerous open source plugins and hosted solutions. Bitcoin is a payment solution that not only saves money in transaction fees by being digital, but also saves time when compared to other payment options that require the manual input of information in order to complete a transaction. BitPay helps make accepting bitcoin payments easy and services over 140 different countries.
Drive merchant acceptance
“Bitcoin’s popularity is growing rapidly and has established itself as the most secure, most widely accepted digital currency” said Sonny Singh, chief operating officer, BitPay Inc. “This relationship with Optimal Payments will help us to drive merchant acceptance on a global scale.”
About Optimal Payments
Optimal Payments is a global provider of online payment solutions, used by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use the NETBANX® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments.
About BitPay Inc.
BitPay is the global leader in bitcoin payment processing with offices throughout North America, Europe, and South America. The company has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.
Sourced from Press Release Optimal Payments, March 25th, 2015