Businesses //

Mynt for Businesses

Mynt is a very secure and inexpensive way to handle payments.

Choose your own fees

There is no fee to receive Mynt, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it’s possible to send 100,000 Mynt for the same fee it costs to send 1 Mynt.

Protection against fraud

Any business that accepts credit cards or PayPal knows the problem of payments that are later reversed. Chargeback frauds result in limited market reach and increased prices, which in turn penalizes customers. Mynt payments are irreversible and secure, meaning that the cost of fraud is no longer pushed onto the shoulders of the merchants.

Fast international payments

Sending Mynt across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send.

Multi-signature

Mynt also includes a multi-signature feature which allows bitcoins to be spent only if a subset of a group of people authorize the transaction. This can be used by a board of directors, for example, to prevent members from making expenditures without enough consent from other members, as well as to track which members permitted particular transactions.

Accounting transparency

Many organizations are required to produce accounting documents about their activity. Using Mynt allows you to offer the highest level of transparency since you can provide information to verify balances and transactions through the block chain. For example, non-profit organizations can allow the public to see how much they receive in donations.

No PCI compliance required

Accepting credit cards online typically requires extensive security checks in order to comply with the PCI standard. Mynt still requires you to secure your wallet and your payment requests, however, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like with credit card numbers.