Version 2.0 of PumaPay’s PullPayment Protocol enables merchants to
implement recurring payments on Ethereum
LIMASSOL, Cyprus–(BUSINESS WIRE)–#Blockchain–Decentralized Vision, the blockchain company that developed PumaPay
PullPayment Protocol (http://pumapay.io/),
announces that version 2.0 of the PullPayment Protocol solution is on
Mainnet, enabling seamless cryptocurrency transactions between merchants
and customers with advanced billing options.
With version 2.0, PumaPay’s payments solution brings recurring payments
on the Ethereum network, allowing merchants to implement ultimate
blockchain-based transactions. This version aims to be the proof of
concept of the PullPayment Smart Contract, which will eventually enable
the full functionality of the PumaPay solution.
PumaPay’s PullPayment Solution Version 2.0 key characteristics
- Convenient Subscription – offers time-based fixed-amount
recurring billing (monthly, biweekly, weekly, etc.), where the number
of billing cycles, as well as their frequency, are determined by the
- Free Trial Subscription – provides a delayed subscription where
the payment cycle starts only after a predetermined free-trial period.
For example, a one-week free trial followed by a monthly subscription.
- Single Payment with Subscription – allows customers to pay an
initial charge for a certain period, followed by a subscription. For
example, $3 for the first week, followed by a $24 monthly subscription.
- Single Pull Transaction – gives the option to execute a one-time
PullPayment, suitable for most everyday purchases.
By implementing the PumaPay PullPayment Protocol, merchants have the
opportunity to easily bill their customers in cryptocurrency with the
flexibility, which was only previously possible with credit card
payments. Merchants will be able to reduce costs on exacerbated card
transaction fees, as well as avoid chargebacks and any associated fines,
since they are only paying blockchain gas fees that are significantly
lower, and all transactions on the blockchain are immutable. Also,
there’s an immediate transaction settlement, eliminating any waiting
period for merchants for funds to arrive and negative impact on cash
With PumaPay’s PullPayment solution, users will enjoy the ease of
cryptocurrency payments, without having to pay any transaction fees, all
while protecting customer anonymity. Users also have complete
transaction control, as the PumaPay cryptocurrency wallet supports these
new billing models, and gives users direct access to their subscriptions
to make any changes free of charge and without third party involvement.
For example, users can cancel their subscription themselves directly
from the wallet and don’t have to rely on merchants.
To ensure top functionality and convenience for both the merchant and
customer, PumaPay carefully designed APIs with built-in HTTP features to
help merchants create the best possible payment solution for their
customers, while the SDK tool set allows flexible use of the PumaPay
solution with any type of merchant platform. The solution also provides
documentation including all implementation guidelines, use cases,
general instructions, Wiki and more available on Github. PumaPay
cryptocurrency wallet is available for both Android and iOS to support
recurring payments in PMA tokens and allow users to send, receive and
store PMA, ETH and any ERC20 tokens from their devices. The PMA token is
already available on numerous reputable cryptocurrency exchanges,
including Bittrex, UpBit, HitBTC, CoinBene, and more.
Additionally, PumaPay is gearing up to launch the company’s merchant
portal, an intuitive user-friendly interface, one-stop-shop for
merchants to register, set up their billing scenarios and pricing
models, and start conveniently billing in PMA. The more advanced release
of the PumaPay solution will be for Version 3, expected in 2019 on the
next-generation blockchain, and will include new features such as,
wallet limiters, additional billing scenarios, and more.
“We’re always looking to improve and develop our solution to make it
more valuable for both merchants and customers, and contribute to our
community and the decentralized movement,” says Yoav Dror, CEO of
PumaPay. “With over 75 Early Adopters already committed to implementing
the PullPayment Protocol, from online entertainment companies to fintech
companies, we expect more to onboard our solution, and believe that our
latest version gives the additional layer of convenience merchants are
PumaPay offers an open source free-of-charge blockchain-based protocol
that decentralizes a whole layer of transaction processing services. The
comprehensive and flexible protocol allows adaptors to process
transactions using nearly all the familiar billing methodologies and
combines the best of traditional methods (credit cards) and
blockchain-based solutions. The network of PumaPay early adopters
already exceeds 75 companies from different lines of industry, from
financial technology to lifestyle brands, and more. Among PumaPay’s
early adopters are reputable names, such as Wix, Pornhub, Fashion TV,
Rent24, ExposeBox, IronFX, and Big psp.
Blonde 2.0 for PumaPay
Alona Stein, +tel: 972-507782344