GAP600 for E-Commerce Platforms

April 04, 2017 - by Gap600 - in Use cases

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While all bitcoin-accepting businesses can benefit by offering the ability to pay customers instant BTC payments via accepting zero confirmed transactions from Gap600’s platform, via our API or web dashboard.

If you would like to integrate bitcoin payments into your e-commerce platform’s checkout process, the GAP600 service can enable you to quickly integrate checkout processes for your retailers using bitcoin. For many early adopters, including those who have previously accepted bitcoin, a huge barrier to adoption is the delay between a customer sending a bitcoin payment, and it being confirmed on the increasingly congested blockchain. It’s slower than credit cards.

On the customer side, if they have a choice between paying with a online payment provider or their card, they can check out in three or four minutes, before you know to complete the transaction. In bitcoin’s case, without zero confirmation acceptance of transactions, and even one miner confirmation being required before a checkout can proceed, a customer can be waiting for up to an hour to move through the conversion funnel to a completed sale. Which can be frustrating, and leads to abandoned shopping carts.

Our Guaranteed Zero Confirmation Bitcoin Transactions service enables you to drastically improve checkout time while eliminating the risk of double spend as well as block inclusion delays. Bring bitcoin checkout times in line or better and faster than other payment gateways – and benefit from the lack of chargebacks that come with bitcoin.

Do you really want your client’s customers to wait hours or days stuck in a checkout while the congested blockchain queues the first confirmation? That’s a lot of hanging around. GAP600 connected checkout processes let customers get the software, subscription or product they have paid for almost immediately saving an average of 17 minutes under normal blockchain load, and more when the network is congested with lots of unconfirmed bitcoin transactions waiting to be mined. 

Get in touch to find out how easy it is to integrate with our G6 Real-time Risk Engine, and get a free trial of our service.

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