Wepay vs Bitcoin and other cryptocurrencies

WePay has developed world-class technology for detecting online fraud which takes the burdon off their customers. WePay utilizes their users social presence to establish identity and reputation which enables them to optimise risk and availability of funds.

This results in fewer instances of merchants having to deal with chargebacks and drastically reduces the need to freeze accounts.

Not only does WePay offer an API but they also provide a fully featured set of embeddable payment buttons. The payment buttons enable you to accept donations, sell tickets and host a store.

Unlike Paypal, everything (including the checkout process) happens on your site, which helps to reduce churn by up to 50%.

WePay takes a more holistic approach to customer service when compared to competitors such as Stripe as they provide full support to developers and payers.

WePay has a great reputation for customer support and have a dedicated team to support their users over phone, live chat, and email.

The WePay API is simple to integrate yet flexible enough to handle multiple use cases. The API has the following use cases:

• Traditional Payment Gateway - Allows you to easily start accepting payments in your staging environment in minutes. No minimums, no contracts and none of the headaches traditionally associated with payment gateways.

• Marketplace - Creates financial accounts for your merchants, this allows developers not to have to worry about aggregation laws and other relegation red-tape.

The API also allows two main options when it comes to the buyer checkout process:

• Hosted Checkout - WePay handles all the PCI requires for you.
• Integrated Checkout - Enables the developer to build and host the pages to fully integrate the payment service into their product. This is especially useful for mobile applications or businesses that want full control over the checkout experience.

There are no names and no accounts in the Bitcoin ecosystem: only anonymous Bitcoin wallets. It makes transactions with people less of a hassle and doesn't require you to input confidential data such as your personal information or credit card details.

Bitcoins are stored in digital wallets, which is a unique identifier for your balance. You can choose to keep your bitcoins offline, but there are also hundreds of online wallet services to keep your bitcoins in.

Bitcoins can be converted to 'real' currency in online marketplaces. You'll often pay a small fee, but that's negligible compared to the average charges. The worth of your sold bitcoins can be transferred to your bank account. This also makes Bitcoin an ideal solution for global payments with different currencies.

Users can secure their wallet though encryption all while keeping this info offline. They can be backed up as well, meaning many encrypted copies of the wallet (and the funds contained) can be stored securely.