Payments Processing Platform B2BinPay Introduces Unified Accounts with v18 Update

November 17, 2023 05:18 EST
. 4 minutes of reading

B2BinPay Payment Processing Platform Introduces Unified Accounts with v18 Update

Disclaimer: The following text is an advertorial article that is not part of Criptonoticias.com editorial content.

Shortly after the historic release of v17, B2BinPay continues to move forward and offer its customers even more innovations. As part of its continued commitment to quality, the company is pleased to introduce v18, ushering in a new era for B2BinPay users.

This release simplifies cryptocurrency transaction management by introducing a unified account system that combines the Merchant and Enterprise models. To improve the user experience and ensure security, they are complemented by a completely redesigned interface and reinforced regulatory compliance.

Let’s examine these fascinating modifications and find out how they affect your B2BinPay experience.

Introduction to account unification

The biggest update for B2BinPay customers with v18 is account unification, also known as Merge, which represents a new approach to how the company provides its services.

This update simplifies the platform by merging the two business models (Enterprise and Merchant) into a single, easy-to-use interface. Now, customers can directly manage their transactions within a single, integrated system by adjusting functionality to meet their specific needs. This innovation gives customers firm control over the process while optimizing operations. The advantages that this merger offers the company’s users are the following.

Simplified account structure

B2BinPay has removed the distinction between its Merchant and Enterprise users to update its account structure. Now, all features of both models can be accessed through a single account. This also simplifies the registration process, allowing people to join the platform without having to go through many details. Thanks to the company’s simplified approach, organizations can start using its services immediately and focus on what really matters: their business.

Improved customer onboarding and operations

The onboarding process is now a simple, one-time step with a single fee that applies to everyone. Once onboarded, customers have the freedom to select and transition between wallet services to meet their growing business needs, all without worrying about additional costs or complex administrative processes. It’s a simple approach that respects clients’ time and supports their growth at all times.

New front-end and more powerful functionality

Along with a new look and feel that complements the design of the B2Broker family, v18 gives B2BinPay more than just a pretty interface. The company has increased the speed and security of the system to achieve a robust and reliable interface. It has ensured that the transition to this updated platform feels seamless and natural by maintaining the essential features that customers know and love about the company. These spaces underwent a profound renovation:
Portfolios and Transfers

The wallet and transfer pages have been redesigned, resulting in a more simplified and efficient process with faster loading times and fewer clicks required. The company has also made improvements to the interfaces for payments, bank withdrawals and exchanges, creating a simpler and more streamlined experience for all financial operations and ultimately saving users significant time.

New account menu

The company’s account management interface has been updated to improve usability and security. The new account menu makes it easy to customize your profile, manage API permissions, and set preferences. Two-factor authentication (2FA) adds an extra layer of security. To ensure secure financial transactions, the payments page has also been updated to reflect the new user-friendly design philosophy.

Flexible invoice management

The company removed the previous seven-day limit on commercial invoices becoming due in an effort to give customers more control. With this update, invoice timelines can now be customized, allowing businesses to adapt to their unique workflows.

Intuitive technical support experience

The Helpdesk user experience has been greatly improved, providing quick access to multilingual support under the direction of a clearly defined schedule. It’s easier than ever to stay up to date and responsive with new sticky notifications for incoming messages.

Improvements in the rate interface

There are now better favorites and filtering options available in Rates UX. Additionally, rates have been moved from the wallets menu to a higher-level menu, making it easier for customers to access and manage exchange rates more effectively.

Compliance with FATF travel standards

The B2BinPay team is dedicated to maintaining the highest standards of regulatory compliance and openness in all business transactions. To ensure compliance with the requirements of the Financial Action Task Force (FATF) Travel Rules, a new Travel Rules solution provider, Notabene, has been integrated.

The FATF Travel Rule is a regulatory requirement that requires the collection and sharing of personal information in cryptocurrency transactions to stop money laundering and other illegal activities. B2BinPay and other virtual asset service providers (VASPs) must disclose specific information about the initiators and recipients of fund transfers to identify questionable activities and prevent fraud.

Final remarks

B2BinPay, a leading cryptocurrency payments provider, enables businesses to handle cryptocurrency transactions globally in an efficient, secure and cost-effective manner. The company’s main goal is to offer its customers the most sophisticated, secure and user-friendly payment processing options possible, and the v18 release is believed to be proof of this.