UK | Through a partnership with BitcoinPayGate, UK-based payment provider NorthPayments will be among the first European payment service providers to offer Bitcoin acceptance to its customers of online retailers and businesses.
NorthPayments and BitcoinPayGate
The two payment processors are now working together to allow customers to pay with Bitcoin and for merchants to benefit from this payment option. Payments with Bitcoin are easy and quick and, by nature, irreversible, so there are no chargebacks as all payments are final.
No third party approval is required and merchants can undercut competition in pricing with a charge of no more than 1% for transactions. Bitcoin is a form of digital currency, created and held electronically. Bitcoin uses peer-to-peer technology to operate with no central authority or banks.
NorthPayments currently serves 20,000+ merchants and is always looking for additional innovative and secure payment options to increase the conversions for current and future merchants. This service will give merchants another method of payment to offer customers and potentially increase sales.
NorthPayments’ CTO, Mark Tillotson, views BitcoinPaygate as a valuable addition to the company. “We are continuing innovation and are forward thinking”, Tillotson says, and adds that “BitcoinPaygate is a strategic partnership.”
Application Approvals within 72 hours
In an ever-growing payments industry and global internet economy, NorthPayments now process applications even faster, with approvals in as little as 72 hours while also maintaining the highest levels of security. Integrated advanced security is standard across NorthPayments’ payment network and scalable pricing plans reflect business profiles by adapting to suit individual requirements and budgets.
NorthPayments is a leading provider of payment services enabling businesses to transact online safely, fast and with ease. By allowing companies to process payments quickly and in multiple currencies with confidence and ease, NorthPayments increases revenues whilst reducing risk and costs of doing business. Supporting FTSE listed companies as well as small businesses, NorthPayments is transforming online business.
Article sourced from NorthPayments, April 22nd, 2015