We are extremely pleased to announce the launch of Kinesis Pay, a new payment feature giving online merchants globally the opportunity to accept payments in gold and silver.
What is Kinesis Pay?
Kinesis Pay is a new payment plug-in that gives businesses access to a payment rail built for accepting Kinesis gold (KAU) and silver (KAG).
When integrated with a merchant’s online store, this new, intuitive feature allows merchants everywhere to earn in gold and silver-based digital currencies, while broadening the range of payment options for their businesses. At the same time, Kinesis Pay allows customers to effortlessly make instant purchases with precious metals outside of the traditional fiat banking system.
How does it work for businesses?
Available for Individual and Business account holders, Kinesis Pay can be easily integrated with both small, independent businesses and multinational enterprises. Kinesis users can easily create a merchant profile from the ‘merchant’ tab of their personal or business account, in a matter of minutes and with no additional cost.
Once users have set up a merchant profile, they simply need to download and install the Kinesis Pay plug-in onto their website and they can start accepting payments in gold and silver the very same day.
Upon installation, business owners have access to the all-new merchant dashboard, equipping them with all the tools to track, analyse and manage their payments received in Kinesis gold (KAU) and silver (KAG).
As businesses receive income in gold and silver, Kinesis Pay establishes an avenue for the ongoing diversification of company holdings into precious metals. Additionally, as members of the Kinesis system, the moment businesses receive their first payment in gold or silver, they become eligible to receive a passive yield on their precious metal holdings – the Holder’s yield.
Considering users are able to refer businesses to Kinesis, the Kinesis Pay feature presents another exciting opportunity. Upon referring a merchant, Kinesis users would access the Referrer’s yield – a 7.5% share of every fee on every single payment that the business makes.
How does it work for customers?
When a customer reaches the checkout at a participating online merchant, Kinesis Pay will be presented as an option alongside traditional payment methods. From here, existing Kinesis users can simply scan a unique QR code and securely pay in gold and silver via Kinesis. With no need to enter any card details or fiat currency conversion, customers can make an instant, direct payment in gold and silver to complete their purchase.
Those customers who are not currently Kinesis users will be exposed to the possibility of gold and silver payments and encouraged to sign up – with Kinesis Pay serving as a potential onboarding mechanism.
Operate your business in gold and silver
Following on from the recent launch of the multi-send feature – enabling businesses to simultaneously pay up to 50 payees with gold and silver – the new Kinesis Pay feature broadens the business application of the Kinesis Monetary System.
This time tapping into the online payments and e-commerce space, Kinesis provides robust technology for businesses to accept gold and silver, with the same ease and efficiency as any other currency.
As Kinesis continues to expand its offering for business, it will cement its position as the industry leader in facilitating business operations in physical precious metals.