This article was first published on Ethos
Pay with Crypto – Building a Merchant Payment Solution with Payroc
Today, we highlight the progress we have made towards providing Payroc, a leading merchant services and payment processing company, with a direct consumer-to-merchant crypto payments solution using the Ethos Universal Wallet.
Hey Ethos Community,
Soon, merchants will be able to place a simple “Pay with Crypto” button on their websites to expand their payment options beyond traditional forms, allowing them to begin accepting payment in common cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ethos and more!
We’ve been building out the users flows and systems to complete this payment processing, all powered by Ethos Bedrock.
Let’s take a look at the entire sequence, from a merchant setting up a Pay with Crypto button to a consumer purchasing a product.
Crypto Payments Made Simple
Merchant Setup: Creating a Pay with Crypto Button
In the image sequence below, you can see how a merchant can generate a pay with crypto button, and what it looks like once embedded on their website.
Once the merchant creates their “Pay with Crypto” button, they will receive the code snippet to place on their website in an email sent directly to their inbox.
Consumer Pay with Crypto Flow
Once the merchant has added the pay with crypto button on their website, they are now ready to accept payments in a wide variety of cryptocurrencies with the same ease as accepting payments via PayPal or credit card.
Here is how simple it is for the consumer to pay with crypto to complete their purchase.
The Pay with Crypto Steps:
- Click the “Pay with Crypto Button” at merchant cart checkout.
- Scan the QR.
- Select your wallet, crypto asset & transaction speed. ...
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