BenPay merchant service is an encrypted payment channel that provides users with additional features, including purchasing BUSD with fiat currency, instant transfers between users, merchant payment solutions, and refunds. Merchant services offer guaranteed payments for both C-end and B-end users, supporting Crypto-to-Crypto and Fiat-to-Crypto transactions.
Merchants first need to register an account, create an address, and set up a guarantee process on BenPay. When users choose to pay through Fiat, BenPay will purchase Fiat as a Crypto and guarantee payment to the merchant. When users choose to pay with Crypto, if it is on other chains, they will enter the BenFen chain through cross-chain applications and guarantee payment to the merchant. Users can also choose to refund through fiat currency or Crypto when they initiate a refund.
