Crypto Payment Processing Engine & Wallet Software

It is one of the latest generation technologies in the world designed specifically for transactions in the digital environment. With the introduction of such processors, it became possible for users to receive, send and exchange money quickly, conveniently and safely.

Regardless of a brand, geography, type of payments, fiat or crypto, other external factors, all processors follow one pattern:

1. A customer enters their data to transact money
2. The payment gateway encrypts customer’s data to prevent theft
3. The payment goes to a processing centre to verify the details
4. If the request is valid, it flows to an issuing company or bank
5. If the client’s solvency permits, the money is marked off, and the corresponding order courses back to the processing centre
6. The information about the transaction returns to the initial terminal

Yes, you can; even if you have no background in providing crypto processing services or software for it. We can offer you our expertise and assistance, along with the white-label technology from Merkeleon. To know what other elements you need to become a provider, check our detailed article How To Accept Cryptocurrency Payments? Best Solution To Launch Business.

A complex, multi-stage operation lasts a few seconds. During this process, the mechanism manages to encrypt all information in digital code so that it could not be hacked or intercepted by third parties. After that, each member of this deal gets a notification whether it was successful or not. Simultaneously, a new coin or token sum makes it to the destination wallet.

As a result of a fast exchange process, each party gets its incentives fulfilled. An issuing centre gets a commission for its contribution, a customer has discounts and swift payments from anywhere, while a service point wins cost reduction.

Money transferring services that use processing centres are accident-proof. That is achieved with consistent cryptography, address verification service and other tools that promote persistence and integrity of the server.

As the crypto market is expanding, with bitcoin, ether, litecoin and more virtual currencies keeping their leading positions, every merchant eagerly multiplies their opportunities and introduces processing into their business. Major advantages:

• New customers who want to make a crypto transaction
• No third parties involved in the process
• Instant access to a wallet after a deal
• Low transaction rates in comparison to regular bank commissions
• Irreversible transparent transactions that live in the blockchain
• Secure operations with any coin or token

The essential features of processing and smart contracts have already been introduced to financial institutions. This technology is especially effective for transnational contracts where it is necessary to comply with the jurisdiction of each country. Furthermore, a processing engine accelerates trading operations and reduces costs.

Employing blockchain in long chains of suppliers, merchants, manufacturers and contractors, you eliminate errors. Each member of the network can check data. If something goes wrong, they can easily find out at what stage a problem occurred.