- ZenaPay payment option costs merchants less
- ZenaPay downloads cross 25,000 mark
- Exciting new development to be announced by company on May 30, 2018
Though cash is no longer king, being a merchant still means that you have to pay to be paid. About three-quarters of payments are made by either debit or credit card, and those payments come at a cost, which varies. This cost, known in the trade as interchange fees, encompasses the charges that a merchant must incur to have his transactions processed by the card networks, such as Visa and MasterCard. The average interchange rate for a credit card payment is around 1.81 percent, while the typical interchange fee for debit cards is 0.3 percent. However, some merchants may pay 3 percent and more of transaction volume. These, especially, will be happy to know that Epazz, Inc. (OTC: EPAZ) is offering a way to accept payments that is not only as reliable and secure as having a merchant account, but also less costly. Through its ZenaPay mobile payment system, consumers will be able to purchase bitcoin at point-of-sale and use the cryptocurrency to make their purchases.
In a recent interview (http://ibn.fm/REtrs), a spokesperson for Epazz explained the merits of the innovative app. Through fintech subsidiary ZenaPay, Epazz is offering consumers a unique, secure and reliable app, which allows them to acquire bitcoin at the point-of-sale. Essentially a payment app, ZenaPay then allows the consumer to use the digital currency to make purchases and payments. Since transactions are carried out with bitcoin, they don’t need to be legitimized, authenticated or administered by a trusted third party or intermediary that will charge fees for its services. Therefore, merchants that sign on to ZenaPay can cut costs and improve their bottom lines.
ZenaPay also comes with a ‘wallet’ that allows bitcoin to be stored for later use. Since its release in November 2017, the ZenaPay bitcoin wallet has gained widespread acceptance. On March 1, 2018, Epazz announced that the ZenaPay Bitcoin Ethereum Wallet App surpassed 25,000 downloads. A recently released version now supports ethereum and other cryptocurrencies, in addition to bitcoin, and Epazz plans to provide support for LiteCoin and SegWit in future releases. The app can be integrated with another innovative app, CryptoFolio, which Epazz has acquired.
CryptoFolio is an app with the capability to track and manage bitcoin and altcoin portfolios. Epazz, Inc. has acquired the software rights, source code and user base of CryptoFolio, and the company plans to add additional cryptocurrencies and languages to the app, along with an iOS version to attract more users. CryptoFolio, designed for business enterprise, provides free features to attract users and then allows them to purchase additional features ranging in price from $1.99 to $5.99 each.
Epazz also offers an iOS app called Bitcoin Charts, which provides live trading data on cryptocurrencies. The company plans to combine the newly acquired CryptoFolio tracker app with the Bitcoin Charts iOS app to create the ultimate live cryptocurrency trading app. The combined app is expected to be available on both the App Store and Google Play soon, and it will eventually be translated into 10 different languages. The next release of Cryptofolio, which will incorporate features from the charts and tracker apps, is set for May 30, 2018.
For more information, visit the company’s website at www.Epazz.com
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