WebMoney enables merchant in Bitcoin
All customers, who are not even members of WebMoney is now possible to pay with Bitcoin (BTC) for the products and services sold by WebMoney authorized shops.
Bitcoin payments will be made to the account of the seller in the WMX - type Transfer WebMoney units title. This payment approach aligns with the requirements for legal transactions using Bitcoin.
Earlier, the system has introduced a new type of purses - X-wallet with digital WMX title, which are deposited on the rights records in the publication of public data base bitcoin.org.
To start accepting payments in Bitcoin dealer registered in WebMoney system should install X-purse on a Merchant WebMoney service. WMX is paid to the seller's account at the following rate: 0,001 BTC 1 WMX after receiving a minimum of six transaction confirmations in Bitcoin. The seller can choose to distribute the purchased product to the buyer, at its discretion at any stage prior to the receipt of all confirmations of transactions.
WMX can be exchanged for other titles as the WMZ, WMR or Bitcoins.
One of the first to accept payments in Bitcoin traders whose online stores are created on DigiSeller platform. These online stores include trading platform with instant delivery Plati.com purchase used about 60 thousand traders around the world.
I first understood it so that all merchants accepting webmoney would now also accept bitcoin, but reading on ... no? Only merchants who actively wants to accept bitcoins through webmoney? That's disappointing. I'd for sure chose "webmoney" as the payment method next time if it would allow me to pay with bitcoins (except if they have hefty surcharges on it compared to a fair market price ... like, 1.75% is acceptable for me, that's what the credit cards take for currency exchange anyway)
Do not know anyone who uses Webmoney. Is there any advances?
I have no clue about WebMoney, but ...
On the merchant side of things, pretty much everything is better than credit cards - as the latter gives both a chargeback risk (we had ~1% loss on chargebacks, plus lots of costs avoiding chargebacks in the first place back when I worked for an online gambling company) and hefty fees (often sth like 2.5%).
On the customers side of things, pretty much everything is better than to punch in an 11 digit credit card number plus full name, CCV-code and expiry date.
Now, what can Webmoney offer, compared to integrating directly with a bitcoin node? Well, I suppose it's mostly administration and legal matters ... for a "traditional" company that aren't already in the crypto space, getting fiat to the bank account fits well into the accounting system. Receiving bitcoins ... technically easy, but difficult from the accounting perspective.
It's big in the Russian market, as far as I've understood.
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