There are plenty of platforms that let users fund their accounts with money. This is an incredibly convenient way for businesses to facilitate payment processing and for customers to enjoy a more pleasant user experience. Thanks to NOWPayments, such platforms can now take their client accounts to another level by enabling custodial recurring crypto payments. Basically, via this tool, companies can let clients top up their account balances with cryptocurrency and then use it to pay for products and services. Horizen is a crypto capable of serving as an excellent method for your customers to fund their account balances quickly and without any extra costs.
Key points:
- ZEN is a private and highly-efficient cryptocurrency.
- The Custodial Recurring payments lets companies create ZEN-fundable accounts for clients.
- NOWPayments makes it easy to accept ZEN right away.
What Is the Custodial Recurring Payment Tool by NOWPayments?
The Custodial Recurring Payments feature is a convenient way to accept crypto payments from your clients. It allows you to create individual custodial accounts for each of your customers, which they can fund with a cryptocurrency of their choice. You will be able to collect payments from their accounts for their purchases at any moment. This solution can help make things easier for customers by eliminating the need to make a new transaction each time they want to buy something on your platform.
Which Companies Will Benefit from Custodial Recurring Payments?
Online casinos
Online casinos are one example of companies that have much to gain from the adoption of Horizen payments. By utilizing this form of digital money, casinos can significantly reduce their expenses.
In addition to having low transaction fees, cryptocurrencies such as ZEN let users send crypto directly to others in a peer-to-peer manner, which brings down costs and saves time. Moreover, by implementing the Custodial Recurring Payments tool via NOWPayments, casinos can cut costs even more, as their users will be able to add a large sum to their balance once instead of making a fresh transaction every time they want to access any of the games on the platform.
VPN and hosting services
Privacy is an inalienable part of VPN and hosting providers’ services. Cryptocurrencies such as Horizen can assist them in delivering an even more anonymous customer experience to clients.
Since Horizen is decentralized, ZEN transactions take place without the involvement of a bank or other financial authority, holding all the data and being aware of every user’s identity. Subsequently, VPN and hosting providers can integrate ZEN as a private payment method, enabling their clients to enjoy complete confidentiality even when it comes to paying for their VPN or hosting. NOWPayments’ Custodial Recurring Payments feature does not strip away the privacy offered by ZEN, moreover, it makes the payment process much more convenient for clients and businesses.
Online marketplaces
Online marketplaces can enjoy seamless international payments thanks to crypto. Horizen and other cryptocurrencies can help such companies to access the ever-growing global economy by serving as an efficient way for foreign customers to buy their products.
By embracing ZEN, marketplaces can expand their reach to customers from all over the world, no matter where they are located. This is all because geographic borders do not restrict ZEN transactions. NOWPayments also does not impose any kind of limitations on businesses using its Custodial Recurring Payments tool, allowing them to create personalized accounts for international customers in seconds.
Streaming services
Streaming services have the potential to benefit massively from the adoption of cryptocurrency payments. This is because no mainstream streaming platform has yet made any move toward implementing crypto payments. As a result, a vast market of crypto users is left unattended by streaming services.
Therefore, the first service to tap into this market by featuring crypto payments will stand to gain a lot from this. Accepting Horizen through NOWPayments’ Recurring Custodial Payments tool is the most cost-effective and user-friendly way streaming services can use to begin their crypto journey.
Games
The gaming industry is another potential major beneficiary of crypto payments and there are several reasons for it. The Horizen crypto is a secure way to transfer funds online, which can help game developers to guarantee their clients that their money is always safe.
The user accounts that companies can create through the Custodial Recurring Payments tool are secure and properly protected, meaning that it is impossible for hackers to break into them. Moreover, these accounts remain in complete control of the game developers. Basically, they decide when and how much to charge their clients.
In addition, with ZEN payments, gamers can fund their balances with greater transparency. All Horizen transactions stay forever recorded on the blockchain, allowing users to have proof of their payments. Subsequently, gamers will have more trust in a service that maintains such a level of transparency using crypto. Finally, Horizen and crypto payments in general can offer gamers greater financial freedom as they can pay for their favorite items or games in a private and low-cost way.
How to Accept Horizen Recurring Payments with API?
In order to begin using the Custodial Recurring Payments API, you will first need to enable the Custody feature in your NOWPayments account. Here is how you can do it:
- First, create a NOWPayments account.
- Provide your ZEN payout address.
Next, follow these steps:
- Go to the “Custody” section.
- Read the Custody Solution user agreement, agree to the terms, and press “Continue.”
- Provide your IP address, which you plan to use to send salaries, check the box to agree to the Custody Solution terms, and press “Continue.”
- Wait until NOWPayments finishes the set-up process.
- Once the system is ready to process your transactions, it will show you the following page:
- Now, you can follow the guide on how to implement the Custodial Recurring Payments and deploy the tool. Contact us at [email protected] if you have any questions.
Conclusion
The advantages offered by Horizen payments are far beyond those of traditional alternatives. NOWPayments is a Horizen payment gateway that focuses on bringing convenience and speed to users. The Custodial Recurring Payments solution serves as a reliable way for businesses to begin accepting ZEN coin payments.
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