PumaPay to be available as a Recurring Payment method for Wix Users

- Advertisement -

One of the major issues faced in building cryptocurrencies acceptance in mainstream, day-to-day payment is the secure nature of blockchain only. All the decentralized tokens and coins are developed by keeping in mind the security as number one priority. From this, we can say that unless and until a wallet holder starts a payment, a transfer will not happen.

This simply means that the service provider can't perform automatic, recurring payments like monthly fee or subscriptions. Each and every time, payment is possible when the sender initiates the transaction manually. Thus, services which follow monthly payments, crypto is not an option. For example, Netflix.

What is PumaPay's Payment Protocol?

PumaPay is mainly a decentralized payment system for merchants. It is focused to provide users the ability to perform day-to-day payments with flexibility over blockchain. To acquire this, the platform has developed its PullPayment Protocol which works almost similar to a credit or debit card payment. Thus service users like subscribing to a magazine or a monthly premium access can utilize the Pull Protocol to allow usual crypto payments to the service provider, without any requirement of performing transactions manually.

The PullPayment service will be helpful to both the parties. The provider is guaranteed that the payments will be directly transferred to their wallets on the mentioned time. The service provider is then protected from any of delays or fraud. The user will also be able to enjoy services regularly.

The suggestions of the protocol are not clear. For monthly subscription or pay per view or pay per time, all the things should be designed as per the requirement of the industry. Lastly, the protocol consists of a unique smart contract which enables reverse billing methodology which enables merchants to take funds from the user's wallets.

Wix has made a partnership with PumaPay

Wix is mainly a platform for small business and individuals who want to design and deploy their website in a very short interval of time. Users can select any template from the wide number of designs and add their logo, pictures, etc. Wix has incorporated various payment methods for the ease of the users in accepting money. However, crypto payments are still not available as a payment option.

Recently, Wix has made a partnership with Decentralized vision, the company which developed PumaPay. Wix has opted to add PumaPay's Payment Protocol as a blockchain payment method, as one of the billing payments for Wix, this will allow merchants to receive payments monthly via their Wix websites.

PumaPay and its payment protocol has gained attraction of a wide number of users and has acquired $117 Million for its project this year. The partnership with Wix is another achievement after the PumaPay has been listed on HitBTC.

Due to this partnership, Wix users will be able to incorporate the amazing service to their payment options and obtain crypto payments from users without any case of fraud and delay. This partnership has opened the door for PumaPay users as well as millions of Wix users, which in turn has opened the payment options for the majority of the crypto sector.

Yoav Dror, who is the CEO of PumaPay stated, “Wix and PumaPay share the vision of providing merchants with the best online business experience, while Wix enables small businesses to easily integrate payment methods to their businesses online, PumaPay offers the potential for them to accept payments in cryptocurrencies hassle-free, avoiding the pains of traditional payment solutions, such as transaction fees, chargebacks and associated fines, and long transaction consolidation timelines. We’re excited about the potential of this collaboration.”

While, Head of Payments at Wix, Eric Benayoun stated, “We welcome the opportunity to add a new payment option. We continually strive to offer our users a new and alternative means to reach additional customers and enhance the buying experience. We believe our collaboration with PumaPay will help us provide an additional layer of payment options to benefit both our users and their customers.”

- Ad -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

Latest News & Updates

Jeff Yastine's Total Wealth Insider Reveals “How to Stay Healthy and Financially Thrive” During COVID-19

Recently financial expert and editor, Jeff Yastine interviewed Dr. Sorento from Johns Hopkins Medicine. The duo expounded on the ways one could protect their...

Bitcoin Rejoin: New Automated Crypto Trading Software Scheme Launches

The many complaints and negative reviews on Bitcoin Rejoin do nothing else than support the idea that this software is in fact a scam....

The Stock Market Truth Detector Summit by Bill O’Reilly and Alexander Green

The market has gone through quite a few major ups and downs since the pandemic became publicized to the masses. The Dow reached record...

Perpetual Income 365: Shawn Josiah's MCCA Algorithm for Affiliate Marketing?

Perpetual Income 365 is a new presentation that starts out by detailing a "secret Netflix algorithm" that comes from a renegade Netflix data scientist...

Every investment is risky and carries a real chance at losing or gaining. None of the information here is to be considered investment advice. Seek a professional investment advisor consultation before making any investment.

No GainBitcoin contributor is licensed under securities laws and is not qualified to give personal investment advice. Read the about page and all accompanying policies for more details.

More Articles Like This

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Details

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Palm Beach Research Group's Teeka Tiwari is hosting his 5 Coins to $5 Million:...

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...

COLLAPSE 2020 by The Bauman Letter: Where to Stash Cash Legally?

Did your heart skip a beat in hearing about “The Collapse 2020 presentation”? If so, you aren’t the only one. As the world is...

The Stock Market Truth Detector Summit by Bill O’Reilly and Alexander Green

The market has gone through quite a few major ups and downs since the pandemic became publicized to the masses. The Dow reached record...

Jeff Yastine's Total Wealth Insider Reveals “How to Stay Healthy and Financially Thrive” During COVID-19

Recently financial expert and editor, Jeff Yastine interviewed Dr. Sorento from Johns Hopkins Medicine. The duo expounded on the ways one could protect their...

Bitcoin Rejoin: New Automated Crypto Trading Software Scheme Launches

The many complaints and negative reviews on Bitcoin Rejoin do nothing else than support the idea that this software is in fact a scam....