Payzos offers a simple way to integrate an option to enable Tezos (XTZ) payments for your web shop. Customers will be able to pay with XTZ for their purchases and you as a web shop owner have the option to either keep your XTZ, or to instantly convert your XTZ into a stabelcoin through a DEX (Decentralized Exchange).
Conventional payment services take fees. Using a cryptocurrency, you cut out the middleman. Payzos offers exactly that. Your customer pays in XTZ, and the funds are transferred straight to your Tezos address without any intermediaries.
"Using Payzos involves two simple steps:
1. Install the plugin.
2. Enter your wallet address.
All the tokens are directly deposited into the owner's account."
Since cryptocurrency value can be volatile, Payzos will implement the option to instantly convert your XTZ into a stablecoin through a DEX. DEXes offer two advantages: no fees, and no KYC and AML registrations.
The other option is to hold payments as XTZ and delegate the payment account. That way you make that 6% yearly staking interest on your XTZ from the moment you get payed.
Payzos offers simple-to-use plugins to set up your XTZ payment portal. Currently Payzos offers a plugin for the popular E-commerce platform Woo Commerce (Wordpress plugin), but Magento, PrestaShop, and OpenCart will be released soon.
Payzos offers an "overview of all payments and their status. Each payment is linked to its corresponding order to make tracking easier."
To make sure customers that pay in XTZ, will pay the same value as customers that pay in fiat, Payzos offers a build in calculator to calculate the correct price in XTX at the time of purchase. "Access to all the major currencies in the world. Payzos lets you convert 164 national currencies [value] into XTZ [value] at payment time, using its built-in calculator."
www.payzos.io
Follow Payzos on Twitter.
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For the full introduction on Tezos, read this article.
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