Frequently Asked Questions (Merchants)

FAQ - Merchants

Why use PumaPay?

PumaPay is a reliable, fail-safe and direct payment solution that gives value to cryptocurrencies, turning them into a viable alternative to fiat as a means of value transfer without any bank or credit card company interference. This allows merchants to cut payment processing costs and chargebacks associated with traditional means.

Additionally, developed as an open-source solution, PumaPay allows merchants to use the protocol either as is or as a basis for building their own billing procedures on the blockchain.  With PumaPay, merchants can therefore easily accept cryptocurrency payments and convert crypto holders into loyal customers.

What is the innovation?

At the core of our solution is the PullContract: a unique smart-contract-based protocol, which allows merchants to directly pull funds from customers’ wallets if certain predefined terms are met. By inversing the logic of transactions, the PullPayment Protocol enables payment practices common to daily life over the blockchain. Pay-per-use, recurring payments (or direct debit scenarios), shared payments (suitable for affiliate programs) are now possible with the technology supporting cryptocurrencies.

What sets PumaPay apart from other payment solutions?

Firstly, we are the first blockchain-based payment solution providers to build our own ecosystem of early adopters from various industries, which create the perfect environment for token holders to spend their funds.

Secondly, we are the first ones to come up with a unique value proposition for all businesses cross-industry. Our revolutionary PullPayment Protocol promotes a new standard for direct debit and other types of transactions encountered in daily life, which have never been possible before on the blockchain. Whether you charge per use or per minute, on a monthly/weekly/yearly basis or one time only, our solution is your key to online and offline billing. Furthermore, we support fiat to crypto, crypto to fiat and crypto to crypto conversion.

How can I use PumaPay?

Our solution comes with a native PumaPay Cryptocurrency Wallet for individual users and a set of SDK and API tools for merchants.

To be able to use PumaPay, individual users can either add the token to their existing ERC20 wallet or install the PumaPay wallet app, which is available for both iOS and Android devices.

To access PumaPay, merchants are required to complete the onboarding process, which will give them access to the PumaPay server to receive the API key that will enable communication with the client’s wallet.

What is the roadmap?

The second version of the PumaPay Cryptocurrency Wallet and SDK for merchants is scheduled for release on July 31, 2018. For more details, please refer to the White Paper.

Are there any businesses using PumaPay already?

The PumaPay solution is already in use with our Launch Partner ImLive, the largest webcam and online entertainment community worldwide.

How can I join?

Please go through the onboarding process. Any additional queries related to partnership or investment opportunities may be directed to [email protected].

Which countries does PumaPay work with?

Our partnership opportunities are open globally.