Nonetheless, the new feature has been automatically enabled on all existing Payza Payment Buttons. However, the businesses in countries that restrict Bitcoin won’t have this feature for the obvious reason. The company says that merchants receiving Bitcoin payments through Payza will continue to receive payment in their specified currency.
Thus, Payza will be providing protection to the merchants against any fluctuations in Bitcoin’s price. Thus, merchants can continue processing payments as normal through Payza, but they will now have access to a new way to receive payment opening their businesses up to a new segment of customers.
At the occasion of launching the service, said Firoz Patel, Executive VP of Strategic Partnerships and Corporate Affairs said:
“We’re very excited to be launching Bitcoin checkout today. We believe in the potential of cryptocurrencies. Offering services that revolve around Bitcoin and other digital currencies is a natural step that all online payment platforms will need to take. At Payza, we aren’t hesitating to take that step.
He also informs that Bitcoin Checkout is available immediately for both existing Payza members and for guests by using the “Join Payza & Pay” checkout option. Though Payza started offering Bitcoin services in August 2014 when they introduced an option for Payza members to buy Bitcoin directly within their accounts, the latest decision is a major that sets it apart.
Additional Payment Option for Merchants in the Form of Bitcoin
Earlier in October, the company released Bitcoin deposits, which allowed members to sell Bitcoin to Payza as well. According to Mr. Patel future Bitcoin plans from Payza include giving merchants an option to hold some or all of the Bitcoins they receive as payment. He admits that the company is looking to fully incorporate Bitcoin into the Payza platform.
However, he also says that the company is taking it one step at a time as it is already far ahead of many of the competitors in terms of Bitcoin adoption, and the reaction from our members to each new release has encouraged it to keep moving forward.
To contact the reporter of this story: Deepak Tiwari at email@example.com