
Cyclebit Unveils E-commerce Payment Service for Accepting Cryptocurrencies alongside Regular Payment Methods
The Cyclebit team believes that the service's main focus is to facilitate transactions for the retailers and the customers looking to obtain goods and services worrying about how to pay or how to get paid.
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CIO Applications Europe | Monday, September 28, 2020

The Cyclebit team believes that the service's main focus is to facilitate transactions for the retailers and the customers looking to obtain goods and services worrying about how to pay or how to get paid.
FREMONT, CA: Cyclebit is launching Cycle Online, a new service that allows retailers to accept cryptocurrencies alongside traditional payment methods.
The unique feature of Cycle Online for retailers is its "multi-currency wallet" that accepts LTC, BTC, BCH, ETH, and other cryptocurrencies. Retailers do not incur any volatility risks, as the exchange rate is fixed at the transaction time. Also, if the retailers want to make payments directly in fiat currencies, they can do so without holding any crypto assets on their accounts. The settlement takes place instantly, allowing retailers to avoid high bank card transaction fees and chargebacks incurred during traditional fiat transactions.
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The Cyclebit team believes that the service's main focus is to facilitate transactions for the retailers and the customers looking to obtain goods and services worrying about how to pay or how to get paid. Retailers can seamlessly sign up and begin using Cycle Online by integrating its API into their PSP or directly onto their websites. Once the service is live, retailers can integrate into their e-commerce websites to accept crypto payments for goods and services and provide their customers with a simple way of paying utilizing digital currencies.
All crypto payments concluded through Cycle Online are performed in line with internationally accepted AML and KYC procedures, while payment security and compliance with AML Procedures and AML/CTF Regulations are made sure by a partnership with IDENTANCE.
"Retailers want to open their businesses to the whole world, and currently they are limited, mainly to accepting fiat currencies. With Cycle Online, they extend their services to customers, who may never have visited them or purchased that product or service. We are not just a payments partner to our retailers, we are their 'Partner for Growth,'" as stated by Daniel Bessmert.
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