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SpicePay Unveils Bitcoin Payment Processing

Posted on 12.17.2015

Popular bitcoin exchange has unveiled a new payment processing service dubbed Bitcoin Merchant.

Bitcoin Merchant enables online merchants to accept payments in bitcoin and withdraw funds in BTC, USD or a combination of both via PayPal, WebMoney, bank transfer or bitcoin address. The service is easy to integrate and can be leveraged by anyone with an e-commerce site. Plus, Bitcoin Merchant only charges a fee of 1 percent per transaction.

The exchange function, which currently serves markets primarily in Eastern Europe and Russia, allows users to buy, sell, send and receive bitcoin instantly to a bank account in USD via PayPal or wire transfer, or to a WebMoney account.

It is also important to note that SpicePay continues to evolve its technology to ensure security, as the site uses 128-bit SSL encryption, 2-factor authentication, IP detection and device detection, and is currently working on integrating TREZOR hardware. The platform is also hosted on up-to-date Linux systems.

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