Since the move towards Web3 initiatives continues to pick up speed, it makes sense for businesses to offer customers as many convenient payment options as possible, including the ability to buy cryptocurrencies with their preferred fiat currency. At the moment, however, that is not the case with decentralized finance (DeFi).
While many platforms launch every day, the majority of these initiatives do not involve wallet-to-wallet transfers but rather rely on programs and payment processors that assist in closing the gap between fiat currency and cryptocurrencies.
Introducing Poof Payments
By incorporating fiat on-ramps into their platforms, companies can incorporate crypto purchases made with fiat money into their platforms, increasing conversion rates and lowering the likelihood of customers abandoning purchases.
This is where Poof comes inin. Poof’s web3 payment infrastructure enables easy fiat and cryptocurrency transactions. However, with capabilities to monitor, receive, and transmit payments in cryptocurrency and fiat currencies, the platform achieves this quickly, effectively, and while focusing highly on privacy.
Here are a few integration options users have on Poof:
- Payment Gateways: Venmo, PayPal, Stripe, Cash App, Venmo
- Credit Cards: Mastercard, Visa, American Express, and Discover
- Web3 Payments: Polygon, Avalanche, Near, Ethereum, and Moonbeam
- Digital Currencies: Litecoin, Bitcoin, XRP, Dogecoin, Solana
With the help of Poof, users can integrate all these options and take back control of their privacy. Poof Checkout enables them to accept payments on their websites via hosted checkout; Poof Storefront facilitates them to set up online shops to sell digital goods; Payment API enables them to track payments; Crypto wallet and payout API enables them to track payouts, and Donation pages will allow them to accept donations via custom links.
What Differentiates Poof Payments From the Other WEB3 Payment Infrastructures?
As digital assets become more prevalent worldwide, more companies are incorporating cryptocurrencies into their payment networks. But the financial requirements are steep. According to Investopedia, fees on various transaction tiers vary from 0.10% to 0.60% for the maker and from 0.20% to 0.40% for taker fees. This is a significant loss for a company with ongoing transactions.
Not only does Poof offer 0% fees across 50 payment methods, but it also guarantees full chargeback protection and PCI compliance. The Poof Storefront also allows users to sell digital goods online and make e-commerce even more accessible by letting them open an online store for free, securing their privacy, and offering 50+ payment methods. In addition, it includes the creation of discord and telegram shops, as well as automating email deliveries and unlocks.
Poof API is a REST programmable API that processes payments quickly and across all widely used payment systems and gateways. You may design your own unique payment processes, take payments, automate payments, or launch your own payment business using Poof’s API.
You can get started by logging into Poof, retrieving your API key, and then adding it to the Authorization header.
Using the specific coin you provide Poof, create an invoice in that currency. Customers may be sent to the page URL at checkout, or the invoice can be seen in an iFrame on your website.
Fetching Transaction Data
Poof dashboard can display payment IDs, you can record transaction IDs from webhooks in your database, or you can access the API for the history of your transactions.
As retail and institutional money pours into cryptocurrency markets, practically every major firm aims to streamline onboarding and make crypto payments more safe, accessible, and quick. Poof does this more efficiently than any of its competitors by reducing overheads and high costs to transfer money into and out of the crypto ecosystem and making the overall process smooth.