SumUp Brings No-Fee Bitcoin Transactions to European Merchants
SumUp has integrated bitcoin into its mobile point-of-sale (mPOS) solution, allowing merchants across Europe to offer the payment option without paying any transaction fees through 2015. Enabled through an integration with BitPay, SumUp boasts that it now provides the first mPOS solution powered by its bitcoin payment processing partner in Europe. In turn, BitPay framed the partnership as the latest evidence it will reach its target of enlisting 1 million merchants on its platform by 2017. Speaking to CoinDesk, Marc Christ CSO and co-founder of SumUp emphasized that the decision is one....
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Bitnet and PAY.ON have announced a partnership allowing PAY.ON’s entire customer base, which includes over 100 PSPs and 56,000 merchants, to accept bitcoin on its platform. Bitnet, an enterprise scale digital commerce platform has connected with PAY.ON, a financial institution which offers white label payment gateway solutions for payment service providers to enable merchants using PAY.ON’s RESTful API to accept bitcoin payments. Today, PAY.ON processed over 1.2 million transaction per day and has an extraordinary user base of more than 56,000 merchants and over 100 multi-national PSPs....
Bitcoin payments processing company BitPay recently confirmed that there is a growing interest for the cryptocurrency among both online merchants and customers. In an article in IBTimes, BitPay indicated that the use of bitcoin is switching from an investment to an everyday currency in transactions. In particular, the bitcoin payments processor revealed that the total number of bitcoin transactions more than doubled last year. However, this was partly a result of the fact that the average order value has dropped by almost half. Bitcoin Payments Adoption. "As bitcoin becomes a more....