Place/Date: HONG KONG - September 1st, 2021 at 11:00 am UTC · 2 min read
Contact: Crypto.com, Source: Crypto.com
Crypto.com today announced the beta launch of the Recurring Payments feature for their Crypto.com Pay merchants. This new feature enables merchants to introduce subscriptions for their products and services, and accept periodic payments from customers seamlessly, at no additional cost.
This enhancement is an entirely automated process which is different from what the industry currently offers. Once set up by the customer, all subsequent recurring payments will be deducted directly from a designated Crypto.com App wallet until the end of the subscription period, allowing more convenience and flexibility to both the merchants and customers.
Merchants can create a curated list of subscription products and services, as well as configure sale prices and billing periods via their Dashboard. Customers can then settle payments in over 20 cryptocurrencies, including BTC, ETH, DOGE, LTC, USDT, and CRO through the Pay feature in the Crypto.com App.
Since launching in 2018, Crypto.com Pay has helped merchants such as TIME Magazine, Ledger, Coinzilla, as well as platforms such as WooCommerce and Oveit tap into the global cryptocurrency economy and accept crypto on their website. Crypto.com Pay features zero transaction fees and only 0.5% for settlements—an 80% saving on fees compared to typical payment processors. The integration only takes minutes for merchants to complete.
Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.
Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.
With over 2,500 people in offices across the Americas, Europe and Asia, Crypto.com is accelerating the world’s transition to cryptocurrency.