A crypto alternative to Paypal - UTRUST

in #news6 years ago

This one is for sellers and everybody who ever shopped online. As an ebay seller, there are lots of things I take into account before purchasing goods to resell. One of them are fees from Paypal, which is 2.6% plus $0.30. Paypal is huge, currently at market cap of 87 Billion! More than Ebay and Amazon combined.

Two point six percent? That's not much. Is what you may be thinking but when you deal with hundreds of transactions a week or even a month, it all adds up. Did I say it's just one of the things I take into account before purchase?

Then I found a new ICO that is quite interesting. Yeah, not another one right? They are popping left, right and center nowadays. The good thing about it is that if we get in early on the right product, we could be well off in the future. Problem is finding the right product.

UTRUST can be the right product. I personally am very much interested in this one. It could be the future mainstream of cryptocurrency online payments.

How it works

You are at an online shop browsing through and you found something you liked and clicked buy. It takes you to a payment page and you will see that you can pay via UTRUST along with Paypal. If you have bitcoin or eth or any major currency in your wallet, you can use those as instant payment instead of Paypal or Mastercard.

The coin will then be converted to Fiat currency immediately to prevent any market price changes. UTRUST then holds that fund for a number of days and released it to seller once the buyer is happy. Same thing goes with Paypal. This seller performance level can be minimized and sometimes eliminated depending on the sellers performance.

Once the seller receives the money, he/she can either withdraw to a bank account, exchange it to other cryptocurrency or keep it in the wallet.

UTRUST Features

Lower Buyer Purchase Risk
They cover all purchases not like Paypal that only covers physical goods.

Approval Speed
They approve instantly once the transaction has taken place.

Low Exchange Fees
Lower fees on exchanging multi cryptocurrencies.

Low Seller Fees
They are charging a 1% fee to sellers. Better than 2.6% + $0.30 I guess. Would have preferred a 0.01%.

Multiple Crypto Currencies Accepted
Lots of other currencies with high market caps will be accepted. The likes of Bitcoin, Ethereum, Dash are all well in the mix.

Safety of Funds
Only you can access your wallet. Not the banks or any financial institution.

No Chargebacks
NO CHARGEBACKS! This is good for buyers but for sellers, it is a different story.

Customer Payment Protection
Every purchases are covered by UTRUST.

Resolution of Disputes Timeframe
Seller and buyer chat in real time with third party mediators to resolve any conflicts.

Seller Performance-based Rating
Get rewards if you are a trusted top seller. Like holding of funds for a number of days.

Decentralized Token with Index Value
Using their own coin doesn't charge any fees, making it a great incentive to use.

Bigger than Paypal?

Paypal is huge, currently at market cap of 87 Billion! More than Ebay and Amazon combined. If a cryptocurrency can replicate what they are doing and succeed, then a Max market cap of even a billion is not to be afraid of.

I believe that until we have a mass adoption of Cryptocurrencies is when this will be huge. I don't see that much happening in the near future but can be in 20 years.

There will be people holding onto their cryptocurrencies, much like when you buy this one, waiting for the next boom. Until the Dollar actually collapses is when cryptocurrency payment processors such as this one will take mass adoption.

Albeit, you will have people transacting with these coins but will not replace Paypal. As said, maybe in the distant future. Then again, maybe Paypal will implement a blockchain? We will have to see what the future holds.

Disclaimer: I am not a financial adviser. My statements are not meant to advice you on your financial interests. Do your intensive research before you invest.

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You could have made easier for me and include a link hehe

This is very good for seller and buyers paypal became so huge that they dont care about customers. A monopoly in payment gateway.

This U Trust can be the solution to pay pal’s arrogance

yes, save us on fees and bs.

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