Relatively Low Fees in Comparison to Traditional Gateways
Speaking to our business partners, one of the biggest points they said they would need is comparatively low fees compared to the traditional Payment Gateways (card transactions and online payments) available to them.
Low Fees Compared to other Cryptocurrencies
As the industries we are developing into have many low value transactions, the fees other cryptocurrencies would charge for transfer would outweigh the value of the transaction, we kept our fees low.
Fast Transaction Times
As the speed of the industries we cater for is fast service, we needed to use a blockchain which was equally as quick, so our pl8app token is a BEP20 token based within the Binance Smart Chain.
No Wait for Funds compared to traditional Payment Gateways
Our business partners often talked about delays their current traditional Payment Gateways took to transfer funds across, this was sometimes once per week, or could charge extra for faster transfers. With any independent business, cashflow is important, sometimes these delays in payments really do impact on a business efficiency.
Payment Gateway Built Into our pl8app solution
We have by default added (but optional to our clients needs) the pl8app Token Gateway to our pl8app Ordering and Time Slot Booking system solutions. This is basically ready to go after simply entering your wallet address(es)
Funds Straight to your Crypto Wallet
Unlike many other solutions, our pl8app Token allows funds to be sent directly to your Cryptocurrency Wallet (based on the Binance Smart Chain) we do not hold your payments within any of our systems.
1% Reflections to pl8app Token Holders
As part of the fee, 1% of every transaction goes to the existing holders of the pl8app Token, based on how many tokens they may be holding at that time. This has proved very favourable with the business partners whom decide to hold our pl8app Token within the blockchain wallet, whom now benefit from all other transactions.
Our own plugins made for Wordpress and Woocommerce
We have released and also developing other solutions in the form of Wordpress based plugins, these tools vary in function, some may be a simple currency conversion. Our main use is a plugin which adds pl8app Token (and any other custom BEP20 token) as a cryptocurrency Payment Gateway upon the Woocommerce platform.