Bitstamp Partners Masterpayment for Cryptocurrency Purchases

Bitstamp Partners Masterpayment for Cryptocurrency Purchases
23.11.2017 11:15 am

Bitstamp Partners Masterpayment for Cryptocurrency Purchases

Payments , Cryptocurrencies

Bitstamp, a leading global digital currency exchange and the largest Bitcoin exchange in the EU in terms of volume, today announces Masterpayment, an independent payment processor, specializing in the requirements of the new cryptocurrency markets, as its new partner for credit card processing and acquiring of cryptocurrency purchases. 

This partnership will allow Bitstamp customers to enjoy faster and more convenient transactions, while maintaining the same high-caliber security.

Masterpayment, first mover in cryptocurrency markets, merges the core capabilities of an acquirer with those of a payment service provider and adds the regulatory framework of a renowned bank, which provides added value, including payout options in 14 settlement currencies, as well as corporate accounts via the in-house acquiring bank. Bitstamp customers can still spend USD or EUR using Visa and Mastercard credit or debit cards to purchase bitcoin (BTC), litecoin (LTC), ether (ETH) and ripple (XPR). The transaction fees will decrease from 8 percent to 5 percent.

“Here at Bitstamp, we’ve always sought to make access to digital currencies as safe, simple and secure as possible,” said Miha Grčar, Head of Business Development at Bitstamp. “That’s why we are excited about our partnership with Masterpayment, which is ideally positioned to help us follow through on these goals.”

Bitstamp sets aggressive goals for customer satisfaction in the rapidly evolving cryptocurrency environment. In just the past four months, Bitstamp announced the launch of ether on its trading platform, a partnership with Swissquote to offer bitcoin trading on the online bank’s platform, and making newly generated bitcoin addresses at Bitstamp Segwit compatible. Partnerships with providers like Masterpayment allow Bitstamp to continue to meet the demands of a growing customer base as the industry becomes more mainstream.

“We are proud to be working with Bitstamp to lay the foundation for a long-term partnership in the field of cryptocurrencies. The demand of users for flexible payment methods is increasing and we look forward to being able to provide that,” said Christian Mangold, Managing Director at Masterpayment.

Bitstamp customers will experience smoother and faster purchases as well as enhanced security. Standardized security procedures such as 3D Secure, as well as special fraud-prevention mechanisms between the payment gateway and Bitstamp based on bilaterally accepted parameters, ensure a permanent fine-tuning of the risk system and monitoring of transactions. 

Related News

Verifi Reveals Reseller Programme

Verifi, Inc., a leading provider of payment and risk management solutions for POS and card-not-present merchants, today announced the launch of its Authorized Reseller Program... Read more »

PayByPhone Appoints Andreas Gruber as New President and CEO

PayByPhone, the global leader in mobile parking payments, today announced that it will appoint Andreas Gruber as president and Chief Executive Officer effective June 1st, 2018... Read more »

Palette Software launches a new cloud-based Purchase-to-Pay service

Palette Software, a leading provider of accounts payable automation and purchase to payment software, has announced the launch of PaletteOnline, a new cloud solution that... Read more »

Centtrip Launches Instant Payments

Fintech pioneer Centtrip has just launched a revolutionary payment service with the potential to save businesses substantial amounts of money and reduce transaction times to... Read more »

The most popular Chinese app will be available in Italian shops and online

Shopping with their smartphones will be increasingly possible, for more than 3 million Chinese tourists arriving each year in our country, thanks to the... Read more »

Worldpay, PAX and AEVI to revolutionise the POS experience

Vantiv, now Worldpay, Inc. (NYSE: WP) announced today at ETA TRANSACT (Booth #410) it is adding the handheld PAX A920 to its line of SmartPay Series™ terminals. These devices... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App