PayCEC adds Cryptocurrency Payment Gateway in Canada

Rick Steves

The gateway provides instant cryptocurrency-to-fiat conversion and PayCEC claims it has the fastest and safest way to exchange cryptocurrencies, with the lowest market rate and no volatility risk.

PAYCEC PAYMENTS CANADA INC. has announced the addition of two new payment features: Cryptocurrency Payment Gateway and SEPA Transfers Acceptance.

The Canada-headquartered firm is registered for the Money Services Business (MSB) with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).

The new features are the outcome of a strong partnership between PayCEC and DNBC Financial Group, a global financial institution with worldwide branch networks, including Europe branches in Lithuania, Hong Kong, Singapore, and the United States, among other places.

PayCEC’s Payment Gateway will be upgraded to accept Cryptocurrency Transactions and enable faster funds transfers within the Eurozone (SEPA).

The Cryptocurrency Payment Gateway is a gateway that accepts cryptocurrency transactions and allows customers and online stores all over the world to connect without any barriers.

EPA Transfers Acceptancee unifies the payment acquiring process for E-commerce companies and online businesses by providing seamless and secure digital banking transactions.

The payment gateway can be leveraged for firms looking to broadening their customer base by offering more payment options.

The gateway provides instant cryptocurrency-to-fiat conversion and PayCEC claims it has the fastest and safest way to exchange cryptocurrencies, with the lowest market rate and no volatility risk.

Global transactions tend to be faster this way, more than with traditional bank transfer payments and can be cheaper, with lower transaction fees.

As to the SEPA Bank Transfer, with the introduction of this feature, there will be varied benefits for merchants:
● Cross-border euro payments will be possible for all economic actors (Buyers and Sellers).
● Merchants simplify their payment system by increasing e-invoicing and improving fintech-related factors.
● Bank account centralization benefits businesses by simplifying payment management and resulting in funds.
● Payments to other countries in the SEPA zone will be simpler.
● Receiving payments directly from customers, without the use of an intermediary.
● Reduced transaction costs.

“We anticipate that in the next two years, our client acquisition will reach the annual number of 1.000 global merchants registered and that this figure will be scaled up in the future”, said the firm.

Le Hung Anh – Jimmy Lee, Chief Executive Officer of PayCEC, said: “PayCEC accepts Cryptocurrency Transactions and SEPA Bank Transfers as parts of our larger goal of globalization. We want to create a diverse and convenient payment environment. That is why we are here to assist our merchants who want to expand beyond domestic e-commerce markets. We believe that providing more payment options is one way to achieve a win-win situation for both parties”.

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