Transactional friction in cryptocurrency purchases remains as one of the biggest barriers to its widespread adoption. Frequent failures in payment transactions, particularly when using a bank’s credit card to purchase cryptocurrencies, often result in customer dissatisfaction.
Recognizing this persistent challenge, Paybis has announced the launch of its innovative Payment Fallbacks feature that aims to reduce friction. This cutting-edge technology is set to redefine the user experience in the crypto-financial sector.
What is Paybis?
Paybis is a trusted cryptocurrency exchange, offering a secure and intuitive platform for a global customer base. Processing transactions in over 180 countries, Paybis is renowned for its secure, user-friendly, and diverse transactional environment.
Its mission is to streamline the process of buying and selling digital currencies, ensuring a hassle-free experience for users worldwide.
It offers the following features:
- Instant Payouts: Users experience immediate payouts when using their debit or credit cards for transactions.
- 24/7 Support: Paybis offers round-the-clock support, ensuring that their team is always ready to assist customers at any time.
- Worldwide Access: The platform provides the ability to buy cryptocurrency from more than 180 countries, offering global access to its services.
- Fast Security Checks: Paybis ensures a swift verification process, allowing users to quickly start their transactions.
- Simple and Intuitive Interface: The platform is designed to be user-friendly, making the process of buying cryptocurrency easy, even for beginners.
- Low Commissions: Paybis offers competitive rates, ensuring that customers get more cryptocurrency for their money with lower commissions.
What is the Payment Fallbacks Feature?
Payment Fallbacks are designed to tackle the issue of transaction rejections, a common challenge in the crypto market. These rejections often occur due to banks’ risk assessments or complications in international transactions.
The feature is designed to automatically switch to an alternative payment method within 10 seconds of a failed credit card payment. This rapid response is crucial in maintaining transaction momentum and reducing user inconvenience.
Users in the United States can benefit from instant ACH transfers for USD transactions. On the other hand, in Germany, Giropay serves as the alternative for transactions in EUR.
Buy Bitcoin with Paybis Today
Furthermore, efforts are underway to make user profiles more user-friendly and to expand the Payment Fallbacks feature to other countries in Europe, Africa, and South-East Asia in the near future. This expansion by Paybis is a part of it’s ongoing commitment to providing a seamless and efficient service to its global user base.
Enhancing the User Experience and Broader Impact
Payment Fallbacks by Paybis is more than a feature; it’s a strategic move to enhance the cryptocurrency trading experience. It enhances the customer experience in several ways:
- Seamless Transition: It eliminates the need for customers to initiate a new transaction when a credit or debit card payment is rejected. This seamless transition maintains the customer’s motivation to complete the transaction they have already initiated.
- Consistent Pricing: Customers receive the same amount of cryptocurrency at the same price, regardless of the payment method used.
- Increased Satisfaction: By reducing transactional friction, Payment Fallbacks significantly enhances customer satisfaction with Paybis.
By addressing and effectively reducing transactional friction, Paybis is not only improving customer satisfaction but also encouraging wider adoption of digital currency transactions.
