Current payment processors take between two and seven business days to deposit funds for local paying clients, and up to two weeks to process transactions for clients abroad. Spot enables merchants to receive payments within 30 seconds eliminating cashflow issues and complex accounts receivable.
Legacy payment gateways have transaction fee ranging from 2.9% to 3.5%. By harnessing the power of Blockchain, Spot Tokens will be able to eliminate unwanted costs associated with each transaction and bring down the average fees to a flat 1.5%. All this while your customer can still keep paying via traditional channels such as Credit/Debit cards and e-transfers.
Current legacy payment processors pose too many challenges to trust them. By using our proprietary blockchain, Spot will make commerce transparent and trustful. Spot’s Decentralised Trust and Reputation System is minimising the possibility of an unreliable commerce for both the merchant and the customers.
Spot eliminates costly intermediaries such as payment proccessors, credit card networks, client banks, merchant banks, and clearing houses allowing us to offer our vendors the best rates possible when processing credit card transactions.
Konrad KuhneKonrad is a business mogul who experienced more business success by the time he was 20 years old than most people will appreciate throughout the lifespan of their career. Konrad's confident leadership is propeling Spot to becoming the trusted blockchain-based gateway for online payments.
Adam SilvermanAdam is a serial entrepreneur, and cryptocurrency investor who specialized in business development. Adam is in charge of growing spot systems by utilizing the latest growth hacking methods. Adam is an expert in digital marketing and will use his background to gain attention for Spot Systems.
Kshitish BalhotraKshitish holds an MBA and is software engineer who has spent the entirety of his career in financial services assisting some of the largest banks utilize innovative blockchain solutions. Kshitish manages Spot's technical team and believes Blockchain will usher in the next era of financial services across the world.
Author, The Business Blockchain
CEO, Montgomery Assets
CEO, Offset Marketing Exchange
Spot Systems is creating a universal decentralized trust and reputation solution working flawlessly together with mobile payments processing on the Ethereum blockchain leveraging smart contract technology. Spot is shifting control of merchant funds back into their own hands and giving them easy-to-manage control of their funds received from selling goods or services which is safeguarded by the security of smart contracts. Now, merchants can have better security and...