Litecoin's New Payment Processor - Litepay

The Litecoin Foundation recently announced a new payment processor called Litepay that will be launching this February. According to the Litepay website, customers can create a wallet today to manage their Litecoin with the multi-sig (P2SH), SegWit wallet secured with BitGo™ and available for all major mobile and desktop browsers.

The LitePay, Visa compatible card lets you load dollars using any Litecoin wallet with 0% fees and connect to the borderless payment Litecoin network. Customers can receive payment in any amount, from anywhere in the world, from any computer or mobile device.

Litepay will allow users to keep more of their money. Credit cards take up to 3% in processing fees on every transaction. By accepting Litecoin with Litepay you can get direct bank deposits in your own currency for a simple, flat 1% settlement charge.

The service aims to end chargeback fraud and identity theft. Other payment methods force customers and businesses to shoulder the risks and costs of payment fraud. With Litecoin, customers can pay without handing over sensitive personal information, and refunds are made through the merchant, meaning no chargebacks.

LitePay allows you to accept payments in Litecoin and receive funds directly to your bank account. Bank deposits are currently available in 38 countries, settled in US Dollars, Euros, GBP, and more. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet.


To find out more visit the LitePay Website: https://www.litepay.us/