MugglePay is a decentralized payment solution that enables merchants to accept cryptocurrency with a 1% transaction fee and instant settlement, eliminating chargebacks and custodian risks. By integrating MugglePay's SDK, businesses can quickly access global markets and streamline cross-border transactions without the high costs associated with traditional payment methods.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FFounders
Product
Problem
Traditional payment systems for online merchants often involve high transaction fees, the risk of chargebacks, and delays in settlement, especially for cross-border transactions. These issues can limit access to global markets and increase operational costs for businesses.
Solution
MugglePay offers a decentralized payment gateway that enables merchants to accept cryptocurrency payments with a 1% transaction fee and instant settlement, eliminating chargebacks and custodian risks. By integrating MugglePay's SDK, businesses can access global markets and streamline cross-border transactions without the high costs and complexities associated with traditional payment methods. The platform uses peer-to-peer smart contracts and decentralized exchanges to facilitate secure and efficient transactions between customers and merchants.
Target Audience
The primary target audience includes online merchants, e-commerce businesses, and retailers looking to accept cryptocurrency payments and expand their reach to global markets.
Features
- SDK integration for accepting cryptocurrency payments in online stores
- Support for BTC and other cryptocurrencies
- 1% transaction fee
- Instant settlement
- Peer-to-peer smart contract execution
- Decentralized exchange integration
- Elimination of chargebacks and custodian risks
- Global market access