Merchants can now accept Bitcoin payments through the igot platform, paying a fixed 0.5% per transaction and cashing out in the supported currencies of almost 40 countries. 

SYDNEY / SAN FRANCISCO – April, 2015 — The fastest growing Bitcoin exchange in the world, igot (www.igot.com), was pleased to announce today the launch of the igot Merchant Solution. The new service allows both e-commerce providers and brick-and-mortar stores to accept Bitcoins for goods and services, paying a fixed transaction fee of just 0.5 percent.

Already a major player in the remittance market, igot’s new merchant service will see the company compete head-to-head with leading Bitcoin gateways and payment processors such as BitPay, Coinbase and GoCoin.

Notably, igot’s global reach offers it a competitive advantage in the payment processor market by facilitating cross-border payment in any of the supported currencies of almost 40 countries. igot allows merchants to automatically cash out in any of these currencies at no extra cost, which has the added advantage of shielding the merchant from rapid fluctuations in Bitcoin’s value.

Key facts about the igot Merchant Solution

  • · 0.5 percent fixed transaction fee (no extra interchange or currency conversion fees)
  • · Quickly converts Bitcoin to local currencies, paid directly to merchants’ bank accounts in almost 40 countries
  • · Integration requires no technical expertise
  • · Compliant with the most stringent security standards
  • · Recurring transaction engine
  • · Cloud reporting
  • · Full stack APIs and integration support
  • · Use with existing merchant accounts

 

“Accepting Bitcoin through igot has multiple advantages for merchants,” said Rick Day, co-founder of the company. “Integration take just minutes, and it protects businesses from both credit-card chargebacks and price volatility. Perhaps most importantly, Bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the Bitcoin community. With a flat 0.5 percent transaction fee, we expect to get a lot of traction.”

As part of its extensive fraud-prevention measures, all merchants and users are vetted by igot’s market-leading multi-level verification system. Furthermore, the company’s bank-grade security with two-factor authentication provides exceptional protection of customers’ funds, while the irreversibility of Bitcoin transactions removes the risk of credit-card chargebacks.

igot.com is always completely transparent regarding its fees—merchants and customers always know the exact cost of each transaction with absolute certainty.

About igot

Founded in Australia in 2013, igot (www.igot.com) is the fastest growing Bitcoin exchange in the world and a key player in the international Bitcoin remittance (or “reBITtance”) market. Active in almost 40 countries, igot provides a truly global network of Bitcoin services, a simplified currency exchange and market-leading transparency and compliance processes. There is no charge for sending or receiving Bitcoin between igot users.

igot lets you buy, sell, send or receive Bitcoin in the following cities and countries: India, Hong Kong, Singapore, Kenya, Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, the United Arab Emirates, New Zealand and the United Kingdom.

For more information, or to sign up for an account, please go to www.igot.com.

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