PumaPay’s open-source Pull Payment Protocol is a comprehensive blockchain solution which offers robust payment mechanisms far more credible, efficient, flexible, cost-effective, and scalable than current implementations (credit cards). Unlike today’s payment methods, which include credit cards and virtual coins like Bitcoin, the Pull Payment Protocol was designed from the ground up specifically to overcome existing hurdles and offers a set of tools developed to facilitate onboarding processes for both businesses and individuals.
With PumaPay merchants can:
Plug-in various billing solutions to enable acceptance of cryptocurrencies directly, replacing credit card companies and other billing processors
Offer customers comprehensive and flexible billing solution, addressing all common billing practices, including recurring, pay-per-use, etc
Eliminate risks of fraud and chargebacks and associated fines.
Saves the exorbitant middlemen transaction fees ranging from ~3% to as high as ~15%