Bitnet & PAY.ON Deal Brings Bitcoin to Over 100 Payment Service Providers

Bitnet and PAY.ON have announced a partnership allowing PAY.ON’s entire customer base, which includes over 100 PSPs and 56,000 merchants, to accept bitcoin on its platform.

Bitnet, an enterprise scale digital commerce platform has connected with PAY.ON, a financial institution which offers white label payment gateway solutions for payment service providers to enable merchants using PAY.ON’s RESTful API to accept bitcoin payments.

Today, PAY.ON processed over 1.2 million transaction per day and has an extraordinary user base of more than 56,000 merchants and over 100 multi-national PSPs that serve retail giants to local payment providers. The strategic partnership between Bitnet and PAY.ON will allow all of PAY.ON’s customers and merchants to accept bitcoin on its existing financial platform and API.

The PAY.ON team announced in a press release:

“Thanks to the Bitnet partnership, PAY.ON’s PSP clients will be able to offer bitcoin payments without exposing their merchants to the risk of fraudulent transactions or volatility in the price of bitcoin.”

Bitnet is the first bitcoin payment processor designed especially to service both PSP ecosystems and the retailer. Founded and staffed with a team of former Visa -CyberSource executives and professionals, Bitnet enables retailers to accept bitcoin

Read more ... source: Cointelegraph