Decentralized Vision, the blockchain company that developed PumaPay PullPayment Protocol, has just announced that version 2.0 of the PullPayment Protocol solution is on Mainnet, enabling seamless cryptocurrency transactions between merchants and customers with advanced billing options.
With version 2.0, PumaPay’s payments solution brings recurring payments on the Ethereum network, allowing merchants to implement ultimate blockchain-based transactions. This version aims to be the proof of concept of the PullPayment Smart Contract, which will eventually enable the full functionality of the PumaPay solution.
PumaPay’s PullPayment Solution Version 2.0 key characteristics include:
- Convenient Subscription – offers time-based fixed-amount recurring billing (monthly, biweekly, weekly, etc.), where the number of billing cycles, as well as their frequency, are determined by the merchant.
- Free Trial Subscription – provides a delayed subscription where the payment cycle starts only after a predetermined free-trial period. For example, a one-week free trial followed by a monthly subscription.
- Single Payment with Subscription – allows customers to pay an initial charge for a certain period, followed by a subscription. For example, $3 for the first week, followed by a $24 monthly subscription.
- Single Pull Transaction – gives the option to execute a one-time PullPayment, suitable for most everyday purchases.
PumaPay is gearing up to launch the company’s merchant portal, an intuitive user-friendly interface, one-stop-shop for merchants to register, set up their billing scenarios and pricing models, and start conveniently billing in PMA. The more advanced release of the PumaPay solution will be for Version 3, expected in 2019 on the next-generation blockchain, and will include new features such as, wallet limiters, additional billing scenarios, and more.
We’re always looking to improve and develop our solution to make it more valuable for both merchants and customers, and contribute to our community and the decentralized movement,” said Yoav Dror, CEO of PumaPay. “With over 75 Early Adopters already committed to implementing the PullPayment Protocol, from online entertainment companies to fintech companies, we expect more to onboard our solution, and believe that our latest version gives the additional layer of convenience merchants are looking for.