Bitnet, a bitcoin payments processor and the developer of the largest payment gateway (CyberSource, acquired by VISA) has entered into a strategic partnership with Computop, a leading payment service provider, to allow global merchants to accept bitcoin on Computop Paygate.
Since its launch, Bitnet has focused its services to provide an enterprise-grade digital commerce platform with security, reliability and scalability standards demanded by global businesses.
Through the Computop and Bitnet partnership, however, the multi-national bitcoin merchant processor is attempting to implement its technologies to allow businesses of any size to accept bitcoin in a simple, safe and secure manner.
Bitnet bitcoin processors will be integrated in Computop Paygate, which will allow merchants to expand their businesses globally without cross-border fees. Furthermore, with offices spread throughout California, Northern Ireland and Singapore, Bitnet will fund its merchants with any local currencies of their choice.
“We recognize that the bitcoin ecosystem is growing throughout the world and are excited to be the first European PSP to partner with Bitnet to enable merchants to accept payments in bitcoin,” said Ralf Gladis, CEO of Computop. “Through this partnership, retailers don’t have to worry about the management of this evolving payment method. They can simply accept bitcoin as payment from customers, and know that the process will be smooth and risk-free for them.”
Computop Paygate, the platform which will support the Bitnet integration, is a Payment Card Industry Data Security Standard-certified platform which offers service providers and merchants with secure and fraud-proof payment processors for international standards. Computop Paygate enables international retailers and merchants to access more than 60 payment methods, which include – MOTO, mobile payment solutions, PoS solutions, e-commerce, etc.
Computop Paygate is also supported by leading e-commerce solutions such as Demandware, hybris, Intershop, Magento, IBM Webspehere and SAP Business ByDesign, which all recommend Paygate as a preferred payment service service for international payment processing. Furthermore, Computop Paygate handles more than $100 million USD worth of transactions annually, and supports more than 3,000 internationally recognizable retailers, such as TSamsung, Fossil and C&A.
With its global support and extraordinarily large user base, Bitnet hopes to see a rapid increase of bitcoin-accepting merchants in Europe in the near future.
“Our partnership with Computop enables us to extend our bitcoin payments processing functionality to merchants globally,” said Akif Khan, chief commercial officer at Bitnet. “We look forward to working with Computop to enable merchants throughout Europe, the U.S. and Asia to accept bitcoin payments from their customers.”
Despite Bitnet’s partnership with one of Europe’s most popular payment processing platforms, it still has to compete against international bitcoin processors that have recently expanded services throughout Europe, including Netherlands-based bitcoin gateway BitPay, American bitcoin service provider Coinbase and bitcoin exchange/merchant platform Coinzone.
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