Bead provides a unified payment network integrating cryptocurrency, digital wallets, and Buy Now Pay Later (BNPL) options for in-store and online transactions. This platform allows merchants to accept diverse digital assets without exposure to crypto volatility, eliminating fraud and chargebacks while settling in USD at lower fees. The service offers secure APIs and hosted pages to simplify omnichannel payment acceptance for integrators and merchants.
Funding
Funding not disclosed
Founders
Product
Problem
Merchants face challenges in accepting diverse payment methods, including cryptocurrencies and digital wallets, often encountering high fees, price volatility, and the risk of chargebacks. Integrating these alternative payment options can be complex and may lead to shopping cart abandonment due to friction in the payment process.
Solution
Bead Pay provides a unified payment platform that enables merchants to accept credit cards, cryptocurrencies, and digital wallets seamlessly, all while receiving payouts in USD. The platform eliminates price volatility and chargebacks associated with crypto transactions, offering a secure and convenient payment experience for both in-store and online purchases. By integrating a wide array of payment methods through a single API, Bead Pay reduces complexity for merchants and allows customers to pay with their preferred method, ultimately decreasing shopping cart abandonment and expanding payment acceptance.
Target Audience
Bead Pay targets merchants, integrators, and resellers looking to expand their payment options, reduce fees, and mitigate risks associated with alternative payment methods.
Features
- Accepts payments from various digital wallets and cryptocurrencies, converting them to USD for merchants.
- Eliminates price volatility and chargeback risks associated with cryptocurrency payments.
- Provides a secure API and hosted payment pages for easy integration into existing systems.
- Offers omnichannel payment processing for in-store, e-commerce, and mobile transactions.
- Supports global payouts to vendors and contractors in multiple currencies and payment methods.
- Includes features for security, compliance, and fraud prevention.
- Provides resources, training, and support for merchants and integrators.