CryptoProcessing.com introduced a new feature to its payment solution that streamlines the process of sending funds to a large number of counterparties. The innovation allows the company’s clients to customize automated mass payouts.
The team at CryptoProcessing.com, a leading provider of payment solutions, launched Mass Payouts, a new feature designed to simplify the process of sending funds to a large number of counterparties.
CryptoProcessing.com’s new feature allows funds to be automatically distributed to hundreds of recipients. The sender only needs to initiate a single transfer to initiate mass payments. According to Igor Skirnevskii, Chief Product Officer at CryptoProcessing.com, processing crypto payments manually for multiple counterparties is time-consuming and prone to errors.
The Mass Payouts feature addresses the complexities faced by companies dealing with mass payments and turns a difficult and time-intensive process into an efficient and error-free operation. Mass Payouts can be used for
- payrolls;
- affiliate payouts;
- vendor payments;
- customer refunds.
Skirnevskii noted that Mass Payouts helped CryptoProcessing.com’s clients significantly reduce the time spent on payments. For example, 100 payments can now be processed in 10 minutes, compared to the 100 minutes it used to take manually. Dozens of clients already used the new feature, making payments of over $64 million through Mass Payouts.
CryptoProcessing.com was recently recognized as the best B2B payments solution at the prestigious Global Cards & Payments Innovation Awards 2024 and received ISO/IEC 27001 certification, reaffirming its commitment to international data security standards.
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