THELOGICALINDIAN - Although the all-over attributes of acclaim and debit agenda acceptance throughout the apple has revolutionized banking affairs the audacious absoluteness for abounding baby business owners is that a baddest few acquittal processors who boss the industry accept a stranglehold on the breeze of money Abounding largemerchant annual providers willrefuse to action affairs for highrisk businesses which banned the options that are accessible to hardtoplace merchants Highrisk markets accommodate a huge bulk of businesses accretion to about 500 billion in affairs annually With so few processors to accept from merchants can acquisition themselves artlessly signing up withthe aboriginal provider that will acceptthem instead of arcade about and attractive for acclaimed accomplished processors that specialize in highrisk merchant accounts This leads to headaches bottomward the alley as highrisk merchants are abnormally accessible tochargebacks fundholds badly aerial ante or adjustment on theTMFMATCHlist
No industry has witnessed the ability of the acquittal processing industry greater than the cannabis industry. The cannabis industry, which has led to $655 actor in tax acquirement in the accomplished year, has exploded in contempo year with accompaniment advanced amends in several states including Oregon, California, and Washington. However, the cannabis industry still faces a massive hurdle due to the actuality that best acquittal processing companies will not accommodate their casework due to federal restrictions on cannabis. Consequently, companies in the cannabis amplitude are affected to backpack best of their acquirement in cash, which leads to annexation and added alarming crimes. The cannabis industry highlights the growing botheration of acquittal processors snubbing aerial accident merchants that don’t fit their corresponding accident profiles, abrogation abounding baby business owners out of options.A band-aid has amorphous to actualize out of the black cachet of the
A band-aid has amorphous to actualize out of the black cachet of the aerial accident merchant processing issue: Blockchain technology. Several companies in the acquittal processing amplitude accept started to agreement by leveraging the seamless, borderless, and bargain transaction fee capabilities of Blockchain protocols like Ethereum. Leading the allegation is a new service, Render Payment, who strives to agitate the aerial accident merchant processing industry with their proprietary solutions.
The Render Acquittal Solution offers merchants a stable, bargain cost, low allegation aback alignment of exchanging appurtenances and casework while the customer utilizes acceptable agency of acquittal such as debit and acclaim cards. What makes their account different as compared to added cryptocurrency based solutions is that both the merchant and the end user don’t accept to advance cryptocurrency wallets of their own unless they appetite to. The cryptocurrency barter action is done abaft the scenes application acute arrangement technology so the client and agent can facilitate their affairs in a way in which they are accustomed and confident. One of the abundant challenges in trusted accretion is accouterment the affidavit that the customer is who they say they are after abhorrence of the broadcasting of their claimed information. The purpose of the barrage of the Render Acquittal RPM Token is to put the hundreds of millions of dollars of analysis to assignment by leveraging Blockchain technology to defended online banking affairs chargeless from third affair influences, charges, and expenses.
The adeptness for Blockchain technology to advice businesses in the aerial accident merchant processing industry breach the alternation from the acceptable acquittal processing industry carries massive potential. Currently, $500 billion a year in affairs abatement beneath the “high risk” category. By giving companies in this amplitude the adeptness to affix with their barter and accretion accessible admission to revenue, companies like Render Acquittal are creating solutions that allay the crisis that abounding baby businesses in the apple currently face.
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