Fintech startup Dello wants to make a world of “everyday crypto payments” possible for both consumers and sellers. The Montreal, Quebec-based company has developed an easy-to-use payment processing platform made available for online business via e-commerce payments and retail locations via the Poynt Smart Terminal, tablet, and mobile app.
With these hardware and software solutions, businesses that partner with Dello can affordably, quickly, and easily accept Bitcoin payments from consumers anywhere, including instant transactions via the Bitcoin Lightning Network.
According to Dello’s President, Olivier Benloulou, “We’re proud of the partnerships we’re making to deliver on our mission to enable easy, everyday crypto payments. Until people have somewhere to spend crypto, widespread crypto adoption is in a holding pattern. We’re here to break that pattern.”
What Dello offers to business owners through its platform and payment processing solution includes several key features:
- Instant transaction validation—as fast as or faster than using a credit card—via the Bitcoin Lightning Network
- Transaction fees that are lower than most credit cards at between 1.25 – 0.1%.
- An end to dreaded fraud chargebacks thanks to crypto’s irreversible payments
- Protection from crypto price volatility and fast settlement of funds in the seller’s local currency
Accepting crypto payments can also benefit high-priced transactions. As representatives of Dello simply stated: “Our fees scale based on payment size. Larger payments, smaller fees.”
How Does It Work?
At the time of purchase, the merchant enters the amount and presents their customer with the available payment options. If the customer chooses to pay with crypto, they scan a QR code from their crypto wallet and send the payment. Dello converts the crypto to local currency during the transaction and the merchant receives the purchase amount, minus a small processing fee, deposited into their bank account.
Dello elaborates, “Merchants will receive the full purchase amount and don’t need to worry about crypto price fluctuations that may occur during the transaction. For their part, crypto holders get more places to conveniently spend their crypto. Because our services eliminate the need for intermediaries, transaction fees are greatly reduced. Everybody wins.”
Dello’s crypto payment processing platform is seamlessly integrated with the Poynt Smart Terminal, allowing retailers to offer cryptocurrency payments right alongside regular debit and credit card transactions on the same device. Merchants simply enter the payment amount and select the “Dello Crypto” payment option to begin the process.
Dello is developing new solutions for traditional POS and online payments processing while integrating simplified, affordable cryptocurrency payments in a convenient way. Dello hopes to shape a new future of retailing that doesn’t depend on traditional banking systems and financial channels. Contact them for more information through dello.com.