New Payment Processing System From SpicePay

Belize-based bitcoin exchange SpicePay has announced the release of Bitcoin Merchant, its new payment processing service. It allows online merchants to accept payments in bitcoin, USD or a mix of the two by using PayPal, WebMoney, bank transfer or a bitcoin address.

With Bitcoin Merchant, anyone with an e-commerce site is able to offer their customers the option to use bitcoin at their stores. Charging 1% per transaction, SpicePay’s new platform allows merchants to reach an international audience and is designed to be easy enough for new sellers to use. Payments can be given in bitcoins to the SpicePay wallet or exchanged for USD to be used with PayPal or WebMoney.

Currently, the exchange function serves mostly South American, Eastern European and Russian markets, allowing users to buy, sell, send and receive bitcoin instantly to a bank account in USD or to a WebMoney account. To ensure security, SpicePay uses 128-bit SSL encryption, 2-factor authentication, IP detection and device detection, and is currently working on integrating TREZOR hardware. The platform is hosted on Linux systems.