PAY.ON, a Munich based German bitcoin payment solutions provider has struck a deal with Bitnet which is an enterprise level payment services provider to simplify bitcoin payments across the world. The strategic partnership between these two firms will allow them to expand their reach across the world by enabling payment service providers across the world to accept bitcoin payments.
Bitnet is an enterprise level digital currency payment processor catering to businesses across the globe, whereas PAY.ON creates white labelled payment gateway solutions for payment service providers like Bitnet, ISOs and acquirers who outsource their payment processing requirements. Bitnet’s reach combined with PAY.ONs products will make this partnership worthwhile as both the parties will be leveraging upon each other’s strengths to offer a complete digital currency payment solution to the clients. Payment service providers can now use PAY.ON’s RESTful API based payment platform to offer bitcoin as an additional payment method on their payment gateways.
According to the CEO and founder of PAY.ON Markus Rinderer, both PAY.ON and Bitnet are built using industry leading payment processing technology and they have the same fundamental principle which makes this partnership more meaningful. These RESTful APIs provided by PAY.ON are secure, scalable and offers a lot of flexibility which makes bitcoin payments simple for merchants and payment service providers who are suing PAY.ON’s services. Bitnet’s global presence will help PAY.ON to further strengthen its global payment offering.
Markus Rinderer’s counterpart at Bitnet also shares similar views. According to John McDonnell Bitnet’s partnership with PAY.ON will enable the company to scale up by enabling bitcoin payments to hundreds of payment service providers across the world and the innovative technology offered by PAY.ON will help Bitnet offer the same to their customers.
PAY.ON has a lot of clients including large businesses, local payment providers, international payment service providers who will all now be able to include bitcoin as one of the options on their checkout pages. The partnership will also protect these PAY.ON clients accepting bitcoin from price volatility and the risk of fraudulent transactions. Both the companies can now work together to increase bitcoin adoption among merchants and e-commerce players across the world. However, the falling bitcoin prices are a concern at the moment and we are sure that it is only for a short time.