New age payment processing systems are among the most essential requirements of merchants and shop owners. The latest trend in shopping and buying pattern of consumers indicate that nowadays people want to pay for the stuff purchased through their ATM Cards rather than paying in cash.
According to analysis of payment patterns of modern consumers, it is clearly visible that they prefer making payments through ATM Cards only. Rate of payments made through Credit Cards have decreased.
In order to provide attractive benefits of making payments through ATM cards, merchants have adopted state of the art payment processing systems that can process ATM cards payments.
Merchant's Benefit on Such Payments through Cashless Scrip ATM
Merchant's can make money on each transaction made by ATM cards through Cashless ATM's, like traditional payment processing systems they don't have to pay processing costs for every transaction. That means added profits for merchants or storeowners using such Cashless ATM Machines.
Benefit's of Customers on Payments through Cashless Scrip ATM
Making payments through Cashless ATM's or Scrip ATM's are the most convenient way. Customers can get cash back when making purchases. For this convenience they have to pay a nominal processing fee (usually less than the processing cost incurred in Credit Card payments). The customer has to slide their ATM card through cashless ATM and then they have to enter their PIN (Personal Identification Number), after verification customers get a slip/coupon that can be redeemed at stores.
Security Concerns in Cashless Scrip ATM's
As the name suggests, Cashless ATM's hold no cash, so there is almost no risk. There is no need of any security personnel to guard the ATM Machine (as in case of conventional ATM's used by Banks that provides facility of withdrawing cash). So, it is secure for both merchants as well as customers. Even if you lose your ATM card, no one can use it without the correct PIN. That means, only authorized people can use Cashless Scrip ATM's.
The internet has played a vital and important part to encourage selling products and services online which makes life convenient for the audiences, which in an inter-connected world, is well, the whole world.
E-commerce has given rise to the concept of completely online shops selling products and services, efficiently catalogued and available for the shopper's convenience. There are several websites that stock everything from lifestyle items, collectibles, books, electronic appliances etc.
Payment methods in the infancy stages of e-commerce were not much, and were limited to online wire transfers or direct deposit.
Within the past decade, e-commerce has matured and grown exponentially. The result: now there are many types of e commerce payment methods available online. If your credit is bad and you cannot afford a merchant account, there are alternative methods of payments on e-commerce websites which can help you.
One of the most popular online e commerce payment methods is to pay via PayPal. PayPal allows anyone to send and receive payments for both online and offline goods. The best thing about PayPal is its ease of use and no verification bounding of credit rating. All that one needs to do is verify their address and personal information. PayPal account holders can simply divert their customers to a PayPal order checkout page, or if the type of PayPal account allows it, payment can be done directly into a PayPal account using only the email address tied to the account like payments@abccompany.com.
Another e commerce website payment method is Google checkout. This service is run by Google, owner of the famous search engine. Google checkout is fast becoming a popular and favorite payment method for many e commerce website owners. The reasons, for starters are that the service is user friendly, easy to use and extremely reliable. When you think from the business owner's end, Google Checkout typically charges less merchant fees than PayPal.
Newer payment methods are also making their presence felt. One of such an innovative payment method available online is iKobo. The way iKobo works is that any customer can choose a payment source, which can be a bank account or a credit card, and tie up that payment source with an iKobo account.
When a customer wants to pay an online website/vendor, all that he needs to do is specify the amount and pay the service fees on top of that. The first time a customer does this with a particular vendor, the vendor gets a VISA debit card from iKobo shipped to him/her. This card issuance is a one time procedure. Then on, if anyone needs to pay an online vendor that has an iKobo debit card, all they need to do is specify the card number, and the payments gets transferred.
Mission statement:
PaxPay aims to provide consumers in the cryptocurrency market an innovative experience by creating an all-in-one global payments system featuring a smart device cryptocurrency bracelet called the Paxlet. Use the Paxlet in place of credit and debit cards at any brick-and-mortar retailer or business to pay with cryptocurrencies in the real world. The Paxlet will serve as a reliable and effective method of payment using cryptocurrencies in brick-and-mortar retailers and businesses, which could have massive implications for the expansion and potential wider adoption of blockchain technology as a source of funds. Transfer to or pay anyone, anytime, anywhere instantly with fiat currency or cryptocurrencies using PaxPay’s user-friendly payments system. The Paxlet will be a huge advancement for the global implementation of blockchain technology in conjunction with PaxPay’s global all-in-one payments system. PaxPay will also launch PaxPlace, a new concept of an open worldwide virtual marketing platform that accepts cryptocurrency as payment. This consumer-focused marketing platform will include a customizable storefront for merchants and consumers to buy/sell/auction goods globally, a cryptocurrency exchange, and also support an infrastructure that enables the consumer to hire freelancers for any type of work as well as allowing individuals to run their own freelance business for hire on an international level.
PaxPay will be an inclusive, revolutionary, all-in-one platform whose main goals include providing efficient services and solutions that will benefit, influence, impact, and transform the global cryptocurrency community, so join us and be a part of this change.
A More Detailed Look into PaxPay:
Have you ever imagined a world free of purses, carrying bags, or wallets? Picture the simplicity of a single bracelet that can do everything at the touch of your fingertips. No clutter, no useless random items, and most of all, no wallets overstuffed with plastic credit and debit cards. Say goodbye to unnecessary objects, and welcome a futuristic all-in-one cryptocurrency payments bracelet, the Paxlet. Take your Paxlet to any retailer or brick-and-mortar business to make payments seamlessly and instantaneously through use of NFC technology or swipe-and-scan capability. This high-tech bracelet serves as a cold storage that contains sophisticated security. Similar to a Ledger Nano or Trezor, Paxlet stores your private key without releasing private information. Therefore, in the event that you ever lose your Paxlet, your private information is secure and safeguarded. Never be afraid of losing your bracelet. Join PaxPay on our journey towards creating a revolutionary payments system. Manage your cryptocurrency with an app interface that syncs to your PaxPay payments app with the ability to send your address on the blockchain corresponding to your Paxlet in real-time to spend immediately.
Ever wonder what it would be like to have your own virtual storefront, but held back due to fear and uncertainty? PaxPay’s virtual market front, PaxPlace, provides countless opportunities for buyers and sellers to customize their store without hassles, hidden fees, or financial borders. Forget your worries due to unfair outcomes, and trade or auction on PaxPlace stress-free.
In addition, PaxPlace will support an infrastructure that enables the consumer to hire freelancers for any type of work as well as allowing individuals to run their own self-employed freelance business for hire on an international platform. Do you have a particular skill or trade that is unique to you? For example, are you an ace at writing or have a strong literary background? On PaxPlace, you can list your skills as a freelance copy writer for hire to make some extra income! Or have you always wanted to learn how to bake, for example, a French pastry, cupcakes, or crème brulee from scratch? Or how about learn how to do body work on a car? Now you can! Just get onto PaxPlace and hire a freelancer to come and not only do the job for you, but you can even hire them to teach you how from scratch! Let’s say you hire your choice of a listed freelancer, a skilled chef who specializes in baking or an automotive mechanic, you can hire either locally or in a whole other country. You can receive personal tailored direction in your own tutorial, either through a face-to-face home visit or an established webcam-based service on our site. It’s YOUR choice!
Whatever work, trade, skill, service you have to offer, you can list as a freelancer or contractor for hire on PaxPlace, or as a consumer you can hire a freelancer of your choice. Not only will your choices be vast as it is on a global stage, but you as a self-employed freelancer will simultaneously reach and impact a worldwide audience. Our goal is to take freelancing opportunities to the next level. We aim to be the Uber of freelance business.
Ever wonder what it would be like to have your own virtual storefront, but held back due to fear and uncertainty? PaxPay’s virtual market front, PaxPlace, provides countless opportunities for buyers and sellers to customize their store without hassles, hidden fees, or financial borders. Forget your worries due to unfair outcomes, and trade or auction on PaxPlace stress-free.
In addition, PaxPlace will support an infrastructure that enables the consumer to hire freelancers for any type of work as well as allowing individuals to run their own self-employed freelance business for hire on an international platform. Do you have a particular skill or trade that is unique to you? For example, are you an ace at writing or have a strong literary background? On PaxPlace, you can list your skills as a freelance copy writer for hire to make some extra income! Or have you always wanted to learn how to bake, for example, a French pastry, cupcakes, or crème brulee from scratch? Or how about learn how to do body work on a car? Now you can! Just get onto PaxPlace and hire a freelancer to come and not only do the job for you, but you can even hire them to teach you how from scratch! Let’s say you hire your choice of a listed freelancer, a skilled chef who specializes in baking or an automotive mechanic, you can hire either locally or in a whole other country. You can receive personal tailored direction in your own tutorial, either through a face-to-face home visit or an established webcam-based service on our site. It’s YOUR choice!
Whatever work, trade, skill, service you have to offer, you can list as a freelancer or contractor for hire on PaxPlace, or as a consumer you can hire a freelancer of your choice. Not only will your choices be vast as it is on a global stage, but you as a self-employed freelancer will simultaneously reach and impact a worldwide audience. Our goal is to take freelancing opportunities to the next level. We aim to be the Uber of freelance business.
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