TripleA has helped payment service providers (PSPs) such as Glocash harness the crucial advantages of bitcoin: higher revenue along with chargeback protection.
A 30% increase in total processing volume, and record low chargeback rates? These are mind-boggling achievements of Glocash, a flourishing PSP. Yet, little is known about their troubled past: a colossal and painful chargeback rate that surges with every new customer.
What led to the rejuvenating comeback for the struggling business? The answer is simple: TripleA, the go-to bitcoin payment gateway. But what does bitcoin have to do with all this?
Bitcoin: the key to success
Bitcoin Market Capitalisation from 8 January to 6 February. Source: https://www.coingecko.com/en/coins/bitcoin
With a USD 175 Billion market and a steady rate of growth, bitcoin represents tremendous sales potential. Indeed, as daily bitcoin transaction volume exceeds USD 1 Billion, capturing bitcoin users is the cornerstone of any business success amidst fierce competition.
Specifically, for PSPs such as Glocash, bitcoin plays an even more indispensable role. Plagued with frequent chargebacks, merchants and PSPs lost enormous sums of revenue from fraudulent payment disputes. The blockchain technology underlying bitcoin circumvents this, by ensuring that sales are indisputable: chargeback is impossible with bitcoin payments. By accepting bitcoin, businesses can put a permanent end to unnecessary losses in revenue, making transactions safe and secure.
However, one question remains: what makes TripleA’s bitcoin solutions especially tailored to business needs?
The TripleA difference
TripleA’s bitcoin solutions have three important aspects. Specifically, TripleA:
Protects businesses with real-time exchange rates;
Instantly converts bitcoin payments into local currencies, and directly wires the amounts to businesses’ bank accounts;
Ensures full compliance with anti-money laundering and know-your-customer policies.
“Before the partnership (with TripleA), chargeback rates were extremely high. Through bitcoin payments, TripleA eradicated our problem.”
-Cao Ling Ling, VP of Business Development at Glocash
With 3 simple steps, TripleA has helped PSPs such as Glocash harness the crucial advantages of bitcoin: higher revenue along with chargeback protection. Similarly, partnering merchants from e-commerce and gaming industries are seeing significant increase in transaction volumes.
As digital payments become the norm, tough competition and frequent chargebacks become especially concerning for businesses. Yet, beyond more sales, bitcoin’s true potential is its increasing popularity. Partnering with TripleA thus means being ahead of competition, now and in the future.