How does Bitnovo Pay work?

Tiempo de lectura: 2 minutos

With Bitnovo Pay, a solution created by Bitnovo, any type of business can accept cryptocurrencies as a means of payment for their products and services.

Bitnovo Pay makes it easy for you to accept cryptocurrency payments.

Simply enter the amount you wish to collect in your preferred currency and generate the payment request. It’s as simple as that. Now you are ready to offer your customers the option to pay with cryptocurrencies.

Bitnovo Pay allows you to offer your customers a variety of cryptocurrencies available for them to transact with.

Once the payment is completed, you will receive euros or cryptocurrencies in your account.

Generating a payment is very easy with Bitnovo Pay. From your administration panel, you will be able to enter the amount in the currency you want and complete the necessary options. At the end, you just have to share the payment link by different means such as email, QR code or Whatsapp.

One of the common concerns when accepting cryptocurrencies is market volatility. However, with Bitnovo Pay, you can offer your customers a competitive quote based on market price. We want your clients to get the maximum benefit from their cryptoassets, that’s why we strive to offer the best possible quote. This makes Bitnovo Pay the preferred choice for those wishing to make cryptocurrency payments.

Once you receive the cryptocurrencies, Bitnovo Pay automatically converts them into Euros, allowing you to transfer the funds to your bank account. The commission for this service is the lowest in the market, starting at 0.95% per transaction.

If you prefer not to withdraw your income via SEPA transfer, you also have the option to convert your balance into the cryptocurrency of your choice and transfer it to your own wallet.

 

It is important to understand confirmation times in blockchain networks.

Confirmation of a transaction occurs when a block is completed on the network, which generates a validation that the transaction is complete. This process is continuous and uninterrupted. Some protocols, such as Bitcoin Lightning, are extremely fast, virtually instantaneous. However, in the normal Bitcoin network, blocks are generated approximately every 10 minutes.”

At Bitnovo Pay, we have implemented innovative technology that allows us to predict the veracity of payments without the customer having to wait for long confirmation times.

If you don’t have a Bitnovo Pay account yet, what are you waiting for? Register here.

 


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