21 January 2018
visit http://response.ncr.com

New West Technologies, BitPay and NitroSell team on bitcoin e-commerce

08 April 2014  |  2348 views  |  0 Source: BitPay

BitPay, the world leader in business solutions for the Bitcoin digital currency, today announced a partnership with New West Technologies, Inc. and NitroSell, with the release of an e-commerce and point-of-sale solution.

The partnership between the companies brings a new and streamlined solution for e-commerce retailers looking to accept Bitcoin payments from anywhere in the world, with low risk of fraud and zero chargebacks. With Bitcoin, retailers can expand their payment options for customers, increase payment security and get a step ahead with the newest payment technology. 

"This tandem offering will be a 360 degree solution from omni-channel e-commerce to brick-and-mortar," stated Dan King, President of New West Technologies. "Because of this partnership, merchants and customers can benefit from how fast and easy we have made the transaction process."

New West's cutting edge solution includes a point-of-sale platform that integrates directly with any e-commerce merchant. Within the platform, BitPay's Bitcoin Payment Gateway API will give customers the ability to settle transactions, using the Bitcoin spot rate at that specific time. This means a merchant can complete a transaction online and in real time.

"Bitcoin is the closest thing to a cash transaction a retailer can offer online. It protects the retailer from many of the risks associated with accepting credit cards online or in-store." Jim Morrison, CEO of NitroSell.

Users send payments by broadcasting digitally signed messages to the Bitcoin network, however the process of completing a sale does not change. The seller tenders the Bitcoin, the consumer scans the QR code and approves the payment. Upon approval, BitPay gathers and locks in the exchange rate and the transaction is completed. In addition, BitPay also enables merchants to convert Bitcoin into local currency with funds deposited into retailer's bank account the next business day. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.ebaday.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
13096 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8331 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8234 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
7259 views 1 | 7 tweets | 2 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job