3 Reasons Why MYCoin International Makes a Great Payment Gateway
Payment gateways are merchant service provided by any e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, and so on. A payment gateway aids a payment transaction by the transfer of information between a payment portal and the front end processor or acquiring bank.
However, traditional payment gateways have several limitations and are susceptible to hacking. Payment gateways lack anonymity, and there is no customer payment protection. To overcome the issues faced by traditional payment gateways, MYCoin International has come up with an innovative payment platform.
The MYCoin International platform acts as a payment processing solution that enables merchants to accept multiple cryptocurrencies from buyers while receiving their funds in fiat currency.
Some of the essential features of MYCoin International Platform are listed below:
1. Lower Buyer Purchase Risk — All purchases are covered by MYCoin International. That is, both the goods and the majority of services. While other traditional solutions only cover the purchase of physical products and crypto-based services do not cover anything at all.
2. Multiple Cryptocurrencies Accepted — MYCoin International platform accepts widely used cryptocurrencies on the market such as Bitcoin, Ethereum, Litecoin, and others. Traditional gateways accept only fiat and some services accept only Bitcoin which restricts their market inflow drastically.
3. Customer Payment Protection — Traditional payment solutions have an extended waiting period of transaction resolutions while gathering evidence from both sides independently. This is a huge concern to the customers and also the sellers as it is a slow and painful process.
To overcome this challenge, MYCoin International platform provides a self-mediated two-party resolution mode, and also an advanced third-party resolution dispute mechanism. This enables both parties to chat in real time, guided by one of the resolution mediators. This makes the entire process quick and easy to sort conflicts.
Also, half of MYCI are mined and the rest are yet to be mined. The mining of MYCI is a cakewalk that you can actually use your CPU to mine the coins. A user receives 12–20 MYCoins for mining one block.
MYCoin International aims to build a strong community with its payment platform and ensures to provide a simple and easy-to-use payment gateway.
