Crypto payments company NetCents to provide daily merchant settlements

Since the beginning of 2020, NetCents has been focused on encouraging merchants to adopt cryptocurrency as a payment method. The company identified that the largest pain point for merchant acceptance of cryptocurrency was delays in settlement time. Thus, the company added to its merchant offerings ‘daily payment functionalities’ available for all US-based merchants on the platform, according to marketwatch.com.

In order to scale daily settlements to all US-based merchants, the company integrated into ACH to eliminate all costs associated with merchant payouts for both the company and its merchants. In addition to the ACH integration, the capability to service large-scale daily settlements comes through a credit facility totalling USD 1.4 billion that enables NetCents to front-load US-based merchant settlements.

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

Categories

Payments

Fraud and Fincrime

Fintech

Crypto, Web3 and CBDC

Regulations

M&A and Investments

Current themes

A2A Payments

Payment Orchestration

TradFi and DeFi Convergence

KYC, KYB and Digital Identity