How Paypolitan’s Financial Solutions Work in Real-World Scenarios

Paypolitan
3 min readNov 13, 2020

Paypolitan marks a revolutionary beginning in the sphere of payment services. With its emphasis on providing its clientele a white label solution, Paypolitan aims for an efficient and cost-effective way for all monetary transactions.

User benefits:

Paypolitan promises pocket-friendly transactions for all its users. With reduced transaction costs, Paypolitan seeks to establish itself as one of the most cost-efficient payment platforms.

● Paypolitan’s diverse platform permits transactions in both fiat as well as cryptocurrency. Users can now easily manage and operate all their funds from one single source.

● Paypolitan’s cutting edge security leaves no room for fraudulent hacking and phishing. Users are no longer required to share their payment details thus also eliminating the risk of data error.

Use cases :

Paypolitan’s primary asset lies in its dual operationality, both as fiat and cryptocurrency, which could be operable but not limited for the following cases:

  1. Supermarket/Store Payments: Paypolitan’s functionality both as fiat and cryptocurrency is best suited for day to day grocery store and supermarket expenditures and applications. Merchants can easily initiate transactions through Paypolitan’s payment platform, generating a single transfer transaction contract. The contract is then received and distributed to the customer through a QR code, link or NFC tag. Once received, the customer then proceeds to review and accept the initiated transaction. Upon the customer’s approval, the contract executes itself as money is deducted from the customer’s bank account and transferred into the merchant’s bank account.
  2. Recurring Service Payments (Fixed Amount): Paypolitan’s bi-functional accessibility works wonders on payment platforms that feature recurring service subscriptions. Be it entertainment subscriptions like cable and music providers or monthly health subscriptions like annual gym payments, hassle-free transactions are now the reality. Merchants can use the Paypolitan platform to receive all transactions irrespective of the amount, a transfer contract would be generated specifying the duration of the contract, billing cycle, the monthly amount to be deducted and the currency. The contract is then received and distributed to the customer through a QR code, link or NFC tag. Once received, the customer then proceeds to review and accept the initiated transaction along with selecting the mode of payment and then setting the amount aside in the Paypolitan wallet. Upon the customer’s approval, the contract executes itself as money is deducted from the customer’s bank account and transferred into the merchant’s bank account. As the payment is a recurring service, the merchant initiates a request every month for contract execution and payment would only be processed after the mandatory checking and reviewings.
  3. Recurring Service Payments (Variable Amount): Paypolitan’s bi-functional accessibility for payments with variable amounts would work in the same way as it did for Recurring Fixed Service Payments. Recurring payments with variable amounts, for instance, electricity payments, mobile service payments, etc., could all be made easy with Paypolitan’s payment platform. Merchants can easily initiate transactions through Paypolitan’s payment platform, generating a transfer transaction contract specifying the duration of the contract, billing cycle, the monthly amount to be deducted and the currency. The contract is then received and distributed to the customer just as in the case of fixed amount recurring services.

Links

Web: https://paypolitan.io
Twitter: https://twitter.com/paypolitan
Telegram community: https://t.me/paypolitan_chat
Telegram news: https://t.me/paypolitan_ann
Discord: https://discord.gg/nShrBZfeJd

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Paypolitan

Paypolitan is a revolutionary mobile payments solution for fiat and cryptocurrencies with yield farming