Crypto Payments

CornerMarket has built a secure, borderless, contactless Web3 payment system that eliminates traditional intermediaries like payment processors and credit card companies. This allows consumers and merchants to send and receive payments instantly, with significantly lower fees.

Unlike the traditional payment system where credit cards and other payment intermediaries charge an average of 2.8% - 4.5% in transaction fees, crypto payments on CornerMarket's app require a 1% - 2% transaction fee. This translates to higher profits and lower costs for businesses. Many traditional payment intermediaries also subject merchants to complex contracts, inconsistent service, and slow settlements that hinder business efficiency. Any business can sign up on CornerMarket in ~30 minutes, and never have to think about it again.

CornerMarket also utilizes QR code scans for easy payments. Customers simply scan a merchant's QR code with the CornerMarket app to verify in-store and complete the transaction. Funds are released directly to the merchant, eliminating the need for middlemen.

This model offers merchants a range of benefits:

• Lower fees: CornerMarket charges merchant fees that are a fraction of those imposed by credit cards and payment gateways.

• Faster settlements: Cryptocurrency payments are processed nearly instantly, allowing merchants to access funds in seconds rather than the 2-5 day wait with credit cards.

• Greater transparency: Merchants have full visibility into all incoming crypto payments and their current balances.

• Increased autonomy: Without contracts or restrictions from intermediaries, merchants have more freedom and flexibility over their business operations.

• Access to a new customer base: Accepting cryptocurrencies opens merchants up to a large pool of crypto-savvy customers.

With low or zero fees, faster transactions, and greater transparency and autonomy, merchants can maximize their profit margins and devote more resources towards growing their businesses. Our crypto payment system is the first step towards building a global, decentralized peer-to-peer commerce system. We will reshape how we discover, buy, and sell goods and services to benefit both individuals and businesses.