In 2017 merchants paid financial Payments Visa and Mastercard $43.4 Billion in Swipe fees and up to $25.9 Billion in 2012. This figure has changed dramatically. The debt cycle which one end of the wheel faces is passed on to other. Class action lawsuits relieved merchants from the payment providers, but the loss which Visa and Mastercard bore is passed on to us. Every single transaction you make, you pay 2.5 – 5% of transaction fees. You give fees to use your own money, access your own value.
The team of CryptX financial Payments experienced this atrocious phenomenon, the problems which we as merchants and we as customers were facing, that’s when we came up with the idea of CryptX Financial, an aggregated Crypto Finance Ecosystem with Exchange, Payment, Investment and Commerce. Platform as a Service where you can enjoy open marketplace and get Live-Unbankd.
CryptX Financial Payments
The Inter-currency payments system offers you a wide range of digital assets which you can use to pay for any goods or services you want to buy. The Auto-conversion Technology of the platform gives you a seamless experience for payments. For example: If the receiver want’s the payments to be done in Ethereum, you can pay the amount in Bitcoin, but the receiver will receive the value in terms of Ethereum with no payments provider involved and from 10 times less to ZERO transaction fee. The value you own is held by you and is controlled by you.
CryptX Payments for Users
The average amount of transaction fees that a person like you and me pays is 2.3% percent of the value you receive. For Example, you are buying a “must-to-have” party shirt for 100 Euro you will be paying 2.3 Euro for Every 100 Euro transaction you make. According to statistics, 80% of all the transaction that takes place in Europe are Card based. The amount might look small but, when you integrate the amount day by day to an understand the amount you could have saved, comes to a big amount that you could have invested in stocks, Cryptocurrencies and digital assets, refurnished your home, could have bought a car. There could have been so many possibilities, but the 2.3% transaction cost took that away.
CryptX Financial Payments is designed to focus on these pain points and gives you the autonomy to pay in digital assets you choose, yet giving everyone the access at Zero transaction and trade fee with CRYPTX. The money you save through CryptX Financial Ecosystem can be invested now.
CryptX Financial for Merchants
The number of class action lawsuits filed by merchants on the payment providers is one of the very interesting stats. The Swipe fees getting converted from 12 cents to 21 cents after lobbying by the banks in front of the government after the lawsuit is itself disheartening. As the stats say, $43.4 Billion were paid by merchants to payment providers like Visa and MasterCard as swipe fees. If CryptX Financial would have existed back then, $43.4 Billion could have been invested into providing better customer experience, hire more employees to make the operations faster, Logistical and Infrastructural development, Expansions of businesses, there would have been so many possibilities.
The payments platform by CryptX Financial will help you do what you could have done with 10 times lower transaction cost and ZERO transaction Fee with CRYPTX. Now the money you save can be invested to grow your business.