MenaPay greatly simplifies payments for merchants, while also making them more secure.
The current business flow in traditional payment systems requires an excessive number of intermediaries and is insecure.
To receive their customers' funds, merchants need to precisely follow the steps of the issuing bank, set-up the payment gateway and associate it to the credit card before being able to process the payment via the acquiring bank.
MenaPay entirely alters this system to make everyone’s lives much easier by decreasing transaction time and costs.
We have also developed a better system for cryptocurrency users as well. Users will be able to see the name of the merchant that the wallet ID belongs to, so they’ll only send their cryptocurrency after confirming that the wallet ID and merchant's name are correct.
Doing this is creating a platform for users that, for the first time, is both trustable and easy to use.
The MenaPay platform enables Peer to Merchant transactions by using a simple QR code and barcode, which allows all online and offline merchants to accept digital payments from MenaPay.
Unlike the traditional tools, such as credit cards or cash, transactions in cryptocurrency are 100% safe.
MenaPay merchants can now accept payment, without the costs of fraud, chargeback and consumers lost while struggling to complete an online payment.
The MenaPay platform uses the private blockchain “MenaChain”, ensuring 100% safe Peer to Peer and Peer to Merchant transactions - all processed faster than any traditional method would allow.
For more information, www.menapay.io
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