ForumPay is a crypto payment gateway, but what really sets ForumPay apart from the other solutions out there? What other benefits are there? Let’s find out!
Accepting Any Crypto:
Whether online or in-store, more merchants are looking to expand their business by tapping into the multi-billion dollar crypto market.
Many crypto payment gateways enable payments from specific wallets and specific crypto, but why have such limitations? ForumPay allows businesses to accept crypto payments from any digital wallet and with any cryptocurrency. The main benefit of accepting crypto is accessing the crypto market overall – not just a fraction of it!
Instant Price Determination:
With crypto value fluctuating by the second, there are concerns about transaction wait times. The time between a payment being made and the funds settling, there could be a huge distinction in value. This volatility oftentimes results in businesses approaching crypto payments with hostility. This is why one of ForumPay’s outstanding benefits is instant price determination.
Instant price determination means that the moment a purchase is made, ForumPay automatically converts those funds to the currency of the merchant’s choice at the best available rate. The merchant will receive the exact price amount in their bank account at the end of each day without the value changing throughout the day.
No Hidden Fees:
Any business that accepts credit and debit card payments knows the headache it is to see those fees render out each month. Not only are they high and hinder business revenue, but there are also hidden annual and maintenance fees which beg to question: is accessing card-paying clientele worth the loss?
This should never be the case for any business and ForumPay knows that! Each transaction has a one-time fee lower than any other competitor. You can access the crypto market and continue to profit.
Safety and global compliance are ForumPay’s top priorities. All ForumPay transactions pass through Jumio’s monitoring system where the ruleset identifies any money laundering patterns or suspicious financial activity.
Due diligence and KYC are all managed and validated through Sum and Substance to ensure authenticity, accuracy, and legitimacy. Find out more about the KYC signing up process here.
Another way ForumPay verifies transactions is through Chainalysis KYT. This detects many patterns of risky activity, from darknet markets and scams to sanctioned addresses and anomalous transactions.
Below is a chart where we identify some of the major ways ForumPay stacks up against other crypto payment solutions: