Tectum Onboards NeoBridge Payment Solution as a SoftNote Merchant

ew SoftNote NeoBridge joins the growing list of business owners accepting crypto for payment as a SoftNote merchant. This new merchant is not your typical venture that offers products in exchange for money. Considering the significance of our new partner, this is a major milestone in our aim of bridging the gap between DeFi and traditional finance.

by Tectum expert Emmanuel May 16, 2024

NeoBridge SoftNote Merchant

This article will enlighten community members about this new merchant. It will also explain why this partnership impacts our mission of making Bitcoin more spendable.

NeoBridge – All You Need to Know About This SoftNote Merchant

The new SoftNote merchant – NeoBridge is a payment solutions provider that enables online businesses to receive payments globally. In addition, it also enables eCommerce owners to make payments to any part of the world. This payment solutions provider uses IBAN, SWIFT, and SEPA when processing international services.

Online business owners struggle with several challenges, including making and receiving payments. This involves when they have to get supplies from manufacturers and get paid for their products or services. Most eCommerce platforms have to limit the target customers they sell to or vendors they buy from.

As mentioned in the article on Cross-Border Payments, the available options do not facilitate transactions between certain regions. To prevent business from stalling, ventures like NeoBridge serve as middlemen and bridge the gap for a fee. The company utilizes existing systems like SWIFT, SEPA, and IBAN to process payments.

For a better understanding, think of NeoBridge as your average crypto merchant operating a P2P business. They buy crypto from individuals, then give people cash in return, and vice versa. Their services are crucial, especially in regions where there are some level of restrictions.

NeoBridge as a SoftNote Merchant – Why This Partnership is Significant

With NeoBridge becoming a SoftNote merchant, this opens endless windows of opportunities. As explained above, NeoBridge is a payment service provider that enables online businesses to process transactions. Following this partnership, users can pay for NeoBridge services using SoftNote Bills.

This means that community members now have another avenue of spending Bitcoin seamlessly. At the moment, the number of businesses accepting cryptocurrencies is limited. Therefore, SoftNote Merchants have to burn, sell, or convert the bills they receive to maintain certain aspects of operations. They cannot restock old wares and make other payments without converting crypto to fiat.

This means merchants are faced with the problems of regular crypto transfers and fiat transactions. These challenges range from slow transactions to expensive transfer fees.

With the onboarding of NeoBridge, SoftNote merchants can now pay for supplies from vendors without having to navigate the obstacles mentioned above. They can simply for SWIFT, IBAN, and SEPA transfers with their SoftNote Bills.

Benefits of Accepting SoftNote Bills For Payment

There are several benefits business owners will enjoy now that they have become SoftNote Merchants. These incentives apply to every other business owner who partners or is looking to partner with Tectum.

Some benefits include those outlined below:

  • Transacting Both Locally and International: SoftNote Bills allow people to send and receive money from anywhere in the world. They are not subject to any form of governmental restriction or policy. Considering this factor, SoftNote Merchants can offer their products and services to anyone in any part of the world. This feature is very beneficial to individuals or enterprises that are into e-commerce.
  • Lowest Possible Merchant Commission: firms that use SoftNote as a payment method will only pay a 1% commission on the payments that they receive. This is the best deal on the market, and it will help businesses reduce the cost of operation. Small businesses have stuck to accepting only cash to avoid the high commission from payment service providers. Tectum offers an excellent alternative.
  • Accepting Crypto With Complexities: As mentioned in a previous article, SoftNote is the easiest way to accept Bitcoin payments. Instead of the usual complex process, customers only need to share their barcode for scanning and approve the transaction with their secret code. In fact, people can use SoftNote Bills to spend Bitcoin without owning a blockchain wallet.
  • Fastest Completion of Transactions: this payment method is hosted on Tectum – the fastest blockchain in the world. Our network can simultaneously process 1.3 million transactions per second. Therefore, all transactions must be reflected in record time. Merchants do not have to worry about delayed transactions due to network congestion.
  • Option to Make an Investment: For those who do not know, merchants can also make money from minting or adding liquidity to SoftNote Bills. If you fill this crypto cash with Bitcoin, Ethereum, or USD Tether, you get a percentage whenever someone uses it. Even without making any effort, you will be earning money.

How to Become a SoftNote Merchant

As shown above, there are several benefits of being a SoftNote merchant. Tectum is open to working with small, medium, and large-scale businesses to help them scale growth. If you want to accept and use this crypto cash for payment, visit the SoftNote Merchant website. Fill out the details on that form with the correct information about your business. The team will reach out to you if your application is successful or if there is a need to request further details.

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