Peerwallet as an international payment gateway & remittance platform

Wednesday 2nd of November 2022

what is a payment gateway?

A payment gateway is a service that authorizes credit card or direct payments for e-commerce transactions. It is the equivalent of a physical point-of-sale terminal located in most retail outlets. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant.

A payment gateway works by transferring information between a payment portal (such as a website, mobile app, or IVR system) and the acquiring bank (the merchant's bank). The payment gateway is responsible for authorizing the credit card or direct payment and ensuring that the funds are transferred from the customer's account to the merchant's account.

There are many benefits of using a payment gateway, including:

Increased security: Payment gateways use encryption to protect sensitive information, such as credit card numbers, so that it cannot be intercepted by third parties.

Faster transactions: Payment gateways authorize payments in real-time, so merchants can ship products or provide services immediately.

Reduced costs: Payment gateways can save merchants money by reducing the need for paper records and manual processing of payments.

What is a remittance platform?

A remittance platform is an online system that allows businesses and individuals to send and receive payments internationally. The platform enables the sender to send money in their local currency, which is then converted into the recipient's currency and deposited into their account.

The platform offers a secure, fast, and convenient way to send money abroad. It also offers competitive exchange rates and low fees, making it an attractive option for businesses and individuals who need to send money internationally.

How Does a Remittance Platform Work?

A remittance platform works by connecting users with international money transfer providers. The platform allows users to compare rates and fees from different providers, so they can choose the best option for their needs.

What Are the Benefits of Using a Remittance Platform?

There are many benefits of using a remittance platform, including:

-Competitive exchange rates: The platform offers competitive exchange rates so you can get more bang for your buck.

-Low fees: The platform offers low fees, so you can save money on your international transfers.

-Convenient: The platform is convenient and easy to use, so you can send money with just a few clicks.

-Safe and secure: The platform uses state-of-the-art security measures to keep your money safe and secure.

What is Peerwallet and how does it work

In a world where more and more of our transactions are happening online, it's important to have a safe and secure way to pay for goods and services. That's where Peerwallet comes in. Peerwallet is a new online payment system that allows users to make peer-to-peer (P2P) payments quickly, easily, and securely. Here's how it works.

How Peerwallet Works

Peerwallet is a merchant-based system that is semi-decentralized and offers funding, withdrawal, and other services on a p2p level. This means that only verified and approved merchants can offer these services, ensuring that your finances are in good hands.

Peerwallet is perfect for businesses or consumers who frequently engage in online transactions. With Peerwallet, you can rest assured knowing that your money is safe and sound. So if you're looking for a reliable way to manage your finances, look no further than Peerwallet.

Here is a step-by-step guide on how Peerwallet works:

1. Visit the website and create an account.

2. Find the merchant you would like to transact with.

3. Initiate the transaction through the Peerwallet platform.

4. The funds are transferred from your wallet to the merchant's account.

5. The desired services are delivered to you by the merchant.

6. Once you have received the services, you can leave a review for the merchant through the Peerwallet platform.

7. Repeat steps 2-6 for future transactions!

The advantages of this type of system are numerous. For one, it's much more efficient than traditional banking systems because no intermediaries are slowing down the process. Transactions are also processed much faster and at a fraction of the cost.

Another advantage of Peerwallet is that it's much more secure than other types of payment systems. Because there is no central authority controlling the network, there is no central point of attack for hackers. In addition, each transaction is verified and approved by the participants involved, which reduces the chances of fraud.

How Peerwallet can be used as an international payment gateway

Peerwallet is a digital payment platform that offers merchants and consumers a fast, easy, and secure way to send and receive payments. Peerwallet can be used as an international payment gateway because it offers low transaction fees, instant settlements, support for multiple currencies and 300+ payment options.

Peerwallet's low transaction fees make it an attractive option for merchants who need to accept payments from customers in multiple countries. Peerwallet also supports multiple currencies, which means that merchants can accept payments in any currency they choose.

For anyone looking to receive funds from various customers from different parts of the world, Peerwallet gives you the seamless ability to integrate into any e-commerce platform or website. Once Peerwallet is integrated, you'd see how easy it is to receive payments from your customers.

Moreover, Peerwallet makes it easy for merchants and e-commerce sellers to reach a wider range of customers, offer multiple payment methods, and deliver satisfactory service to their customers.

Here is how it works

First, create an account on peerwallet

complete your KYC verification

Get your API key for integrating into your e-commerce platform

follow the instructions on the API documentation

Once it is integrated, your customers can now enjoy unlimited satisfaction when making payments

How Peerwallet can be used as a remittance platform

If you're looking for a reliable and cost-effective remittance platform, you should definitely consider using Peerwallet. Here's why:

1. Low Fees: Peerwallet charges very low fees for international transfers, which can save you a lot of money if you're regularly sending money abroad.

2. Fast Transfers: Peerwallet transfers are typically processed within hours, even minutes since it uses a P2P system of transfer, so you won't have to wait long for your money to arrive.

3. Secure Platform: Peerwallet uses the latest security technology and escrow mechanism to protect your money and personal information, so you can rest assured that your funds are safe.

4. Convenient: Peerwallet can be accessed from any internet-connected device, so you can send money even when you're on the go.

Final thoughts on Peerwallet as an international payment gateway & remittance platform

If you're looking for a remittance platform that offers low fees, fast transfers, and convenient access, Peerwallet is definitely worth considering. Sign up today and see for yourself how easy and affordable it is to send money abroad with Peerwallet.