ECommPay will enable bitcoin, litecoin and dogecoin payments thanks to a partnership with GoCoin.
ECommPay is a payment processor which states to have offices in Russia, Ukraine, Latvia, Belarus, Cyprus and the United Kingdom (UK). It says it is regulated by the UK’s Financial Conduct Authority (FCA).
Its stated offerings include payment processing and risk management. The company lists about two dozen partners.
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GoCoin is the third largest crypto payment processor after Coinbase and BitPay, and the largest to offer integration with altcoins. Last year, it added support for Litecoin and Dogecoin. One of its more recent partnerships was with Ziftr, a service which says to offer a crypto and credit card payments platform, a loyalty program with its own digital currency, and a wallet.
GoCoin is hoping that the partnership will help increase the transaction volume it processes. Like with its larger competitors, it is possible that transaction volume has not grown significantly over the past year. Likewise, the number of merchants beginning to accept bitcoin for payment has tapered.
The announcement lauds Bitcoin as a payment method, noting that chargebacks, a major pain point for payment processors, are not possible. Also highlighted are the near-zero transaction fees, making it ideal for micropayments.