Feb 12, 2018
Saascoin believes in creating an open gateway platform that eliminates most of the prevalent challenges associated with payments, giving the freedom for people to execute their transactions seamlessly. In a world where banks and payment gateways have the upper hand on their clients’ payments, achieving a fee free immediate transaction environment via seamless platform integration is key.
Saascoin further recognizes that buyers and sellers of virtual goods and services need a complimentary virtual currency that returns complete control of transactions to those transacting.
Saascoin aims to disrupt the current payment processing industry by providing a trustworthy, transparent, safe, and reliable payment gateway platform, while also eliminating the pain points of payment gateway fees, chargebacks, and associated administrative headaches existing in the current relationship model with gateways.
Faster Time to Market
Saascoin will provide SaaS businesses with a robust platform to enable them to test market response to their services prior to having to deal with the bureaucratic processes of establishing a payment gateway as well as formally registering a company to transact. We firmly believes that this time would be better used by SaaS companies in research, development, testing, and building traction for their offerings.
Designed as an out-of-the-box solution, Saascoin provides backend integration and open APIs for frontend integration to facilitate the business environment for SaaS companies. Saascoin leverages its blockchain to provide open access for transacting at any time instantly. One can start accepting a customer’s payments by just having a Saascoin wallet.
Broaden your Payment Options
Saascoin will offer SAAS purchasers a variety of payment options to buy SAAS coins. This includes credit or debit cards, direct debit, SWIFT or SEPA transfers, automatic bank payments (ACH), PayPal, or other similar services.
Instant Transaction Processing Speed
Customers will be able to pay their subscription fees immediately. Transactions will be immediately channeled to the blockchain pool, and businesses will then have access to their funds once the transaction is confirmed. Currently, 10 confirmations are needed to convert a pending balance into an available balance. By having a decentralized blockchain, businesses will have complete visibility over their customers’ transactions. In the current inefficient model of transacting with existing payment gateways, SaaS businesses usually receive subscription revenue typically in two working days or more, excluding holidays. There are no holidays when it comes to Saascoin blockchain!
Goodbye Decline Rate
One of the major challenges impacting cash flow stability for SaaS providers is decline rates from payment providers for transactions, impacting both new customers as well as recurring customers. A Saascoin purchase will never be declined, and there is 0.00% possibility that a transaction will not reach your SAAS wallet.
Audit-ability and Security
Saascoin wallets have been built to maintain a high standard of security while also making it easy for auditors, financial advisors, and accountants to audit a company’s wallet and extract all necessary information they require in advising and managing the accounts of a SaaS company. Saascoin enables a “view-only” wallet, whereby a company can share its wallet with others should the business need to share the transactions in their wallet.
Saascoin also enables multi-signature wallets, which provides greater security for SaaS companies. Essentially, a company can have two individuals authorize a transaction to be issued out of the wallet instead of just one person.
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