B2BinPay v17 Revolutionary Update: What Does The Future Of Crypto Payment Solutions Look Like?
B2BinPay is a trustworthy platform that individuals and businesses worldwide use to make and receive cryptocurrency payments. This platform is well-known for its easy-to-use options to connect businesses with the expanding crypto market.
B2BinPay is dedicated to being creative and innovative in the industry. As a result, they recently partnered with Ledger to bring out unique Ledger Nano X wallets with their branding. Furthermore, B2BinPay helps people learn about using cryptocurrency for payments. One way to be creative is by becoming an official sponsor of the Athletic Club for the 2023/2024 La Liga season.
The updated version, B2BinPay v17, has many improvements and features that cater to the different needs of businesses and customers who use it.
Here are the key updates and improvements of the new version of B2BinPay.
General Updates
User Interface Enhancements
New options for filtering are added to the Rates Tab. You can filter by currency type, search alphabetically, and save your favourite currencies.
Additionally, valuable instructions and explanations are added to help new users easily navigate the platform.
Moreover, you can now see payout fees in your default currency, and you can choose to input your customised amount of fee. This will make understanding how much you are charged for transactions easier.
Customer Support Updates
The Helpdesk system was upgraded to include a real-time notification feature. This will show you how many tickets have new unread messages. This feature ensures you receive quick notifications when you get new messages in your support tickets.
Updates For Merchant Clients
Payment Option Updates
Version 17 of the B2BinPay platform broadened the scope of coins available for settlements by adding two more tokens — TrueUSD and Euro Coin — to the five existing currencies: USDT, BTC, USDC, EUR and USD.
This results in merchants now having more payment options, with 14 coins, 14 stablecoins, and 25 tokens. Moreover, new additions are compatible with ERC20, TRC20, BEP20 and other token standards.
Euro Coin can benefit businesses located in the Eurozone since the Euro backs the coin. Euro Coin is the second largest stablecoin and ranks among the top 18 stablecoins.
Price Model Upgrades
A more competitive price module is another update of the v17.
To set up the platform, merchants now have to pay only $500, and the commission fees are also reduced — from 0.5% to 0.4%.
Version 17 also comes with new commission tiers: now the commission values are 0.25%, which is more effective for high transaction volumes.
Usability Improvements
Some upgrades were implemented to make the platform easier to use. Thus, dropdown menus became more attractive with options for grouping currencies by type and active state, while search functions were significantly improved.
The 7-day time limit for merchant invoices was removed, while a new feature that sends email notifications for reports was added.
Additionally, if you want to delete a wallet with zero deposit or balance, click the “Delete Wallet” button.
Updates For Enterprise Clients
Currency Support Expansion
The B2BinPay Enterprise blockchain wallet solution is a complete system for companies that want to use cryptocurrencies and keep their funds in the same cryptocurrency. It is designed specifically for corporate institutions.
Version 17 updated the support of tokens and added more token options. Now, the platform supports 14 stablecoins and 113 new tokens from different blockchain networks like BSC, Ethereum, TRON, and more.
Prices Upgrades
Prices for Enterprise blockchain wallets were also upgraded. The setup fee is $1000 instead of $1500 (including activating smart contracts on ETH, TRON and BSC, and wallets for Ripple, Stellar, and Binance Coin).
B2BinPay v17 also introduced new, more competitive commission tiers: enterprise users start at 0.4% and can reach the lowest value of 0.05%.
Functional Updates
Enterprise users can now sort wallet tables by identification number and type of currency. Also, some changes to the way of QR code generation have been made: now, the QR codes have icons on top.
Furthermore, you can add or remove each IP address on the whitelist separately. To implement these changes, you need to confirm your password in the confirmation screen that appears as a pop-up window.
Conclusion
B2BinPay v17 is a well-rounded update aiming to improve the experience for individuals and businesses using the platform. The B2BinPay team is currently developing Versions 18 and 19 of the platform, which will comprise even more improvements and new features to keep up with the changing needs of the platform’s users.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
