B2BinPay, one of the leading cryptocurrency payment processors in the world, offered by B2Broker, is now capable of creating Merchant Invoice Limits. Merchant users are now able to issue invoices for the amount they specify, which will increase efficiency and convenience during the transaction process. Clients can already take advantage of this new feature immediately, the company’s website says. Moreover, B2BinPay’s Enterprise customers now have access to Cardano. This update continues to give B2BinPay’s customers higher levels of control over the payment process, a wider range of options, and an overall better payment experience.
Merchant Invoice Limits
B2BinPay’s latest update offers merchants the ability to create invoices in the default currency of their wallet, including USD, EUR, USDT, USDC, and BTC. As an added convenience, B2BinPay will also calculate the same amount in any other wallet currency that the merchant may be using. Consequently, merchants are now able to accept payments in a variety of currencies, allowing their customers to pay in the currency of their choice.
Upon selecting a currency, the user is taken to the payment screen, where the purchase is completed. The payment page allows users to submit their payment information, determine if their order is correct, and complete their transaction.
Since cryptocurrencies are known for their volatility, B2BinPay provides a 15-minute exchange rate recalculation and locking system. This will ensure that the rate you receive is as accurate as possible. No worries if the market changes while your transaction is being carried out — simply recalculate the rate yourself to restart the timer.
Merchant users now have the option of setting a limit for the duration of an invoice. The time the created invoice is active is different from the time the exchange rate is recalculated every 15 minutes. Invoices can be set to expire after a week or be non-expiring altogether, subject to merchant discretion.
Also, invoice statuses have been added, providing you with a greater level of control over your invoices. As of now, each invoice can be assigned one of the following statuses:
- Invoice (created)
- Paid
- Canceled
- Unresolved
Additionally, merchants can specify a “Delta amount,” or tolerance level, on the amount that has to be paid, taking into account the volatility of cryptocurrencies. Suppose, for example, that a merchant submits an invoice for 100 USD and specifies a Delta of 10 USD. If the customer pays between 90 and 110 USD inclusively, the invoice will be considered paid. A Delta invoice is always settled and closed if the customer pays within the Delta range and the invoice says “Paid in Full.” By setting the Delta amount, the merchant is able to manage payments in a more flexible manner.
Support for Cardano
As part of its Enterprise client offering, B2BinPay has added support for Cardano (ADA). Blockchain Cardano enables businesses to build decentralized apps and is fueled by the cryptocurrency ADA. B2BinPay’s updated version now supports ADA deposits for Enterprise customers.
Conclusion
This latest update for B2BinPay offers merchants new features to make the process more efficient. Thanks to the ability to limit invoices and set delta amounts to prevent volatility, B2BinPay is now even more convenient to use for your payments. And with the inclusion of the Cardano network in the company’s offerings, B2BinPay proves its commitment to providing its clients with the best payment options. These new features are sure to increase the adoption of B2BinPay among business users looking for a reliable and user-friendly cryptocurrency payment solution.
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