Problems and solutions

Problem - Current Solutions

Traditional Payment GatewaysChallenge: Current payment gateways, both fiat and crypto, rely on a centralized, commission-based model, where intermediaries (banks or fintech companies) hold onto funds and deduct fees before releasing them to merchants.

Delayed settlements: Merchants may experience waiting periods of up to 7 days to receive funds, impacting cash flow and operational efficiency

Lack of transparency: The fee structure can be non-transparent, making it difficult for merchants to accurately predict and budget their costs.

Limited control: Merchants relinquish control of their funds during the processing period.Statement

2: Peer-to-Peer Crypto TransactionsChallenge: While offering a decentralized approach, peer-to-peer (P2P) crypto transactions often lack key features essential for businesses and customers

Limited recordkeeping: Transactions are not always recorded in merchants' systems, making it difficult to track sales, generate invoices, or manage their financial records effectively.

Insecurity and complexity: P2P transactions can be more susceptible to fraud and require users to navigate complex wallet-to-wallet transfers, potentially deterring customers due to a lack of trust and familiarity.

Solution – OYF.IO

Oyf.io bridges the gap in existing payment solutions for merchants and customers in the crypto space by:

Eliminating commissions and delayed settlements: Unlike traditional gateways, oyf.io operates on a subscription model, allowing for faster settlements and transparent pricing for merchants.

Enhancing security and recordkeeping: Compared to P2P transactions, oyf.io provides a secure platform where merchants can connect their wallets and generate invoices. This enables transparent recordkeeping and boosts customer confidence with official documentation.

Simplifying the payment process: Oyf.io integrates with merchants' e-commerce platforms, allowing customers to seamlessly make payments directly without the complexity of P2P transfers. This streamlines the payment process for both parties.

**Overall, oyf.io empowers merchants with:**Faster settlements and cost-effective transactions through its subscription model.Enhanced security and recordkeeping capabilities for improved financial management.Integration with existing e-commerce platforms for seamless customer payments. Customers benefit from official invoices and booking confirmations, offering increased transparency and trust.A secure and familiar payment environment within established e-commerce platforms. By addressing the limitations of both traditional gateways and P2P solutions, oyf.io seeks to create a more efficient, secure, and user-friendly experience for both merchants and customers in the crypto payments landscape.

Market Comparison

Features	OYF.io	Other crypto payment Providers	P2P
3rd party Custody	NON	MUST	NON
Fees	0%	1% - 2.5%	0%
Payout	Instant	2-3 days	Instant
Payment link	Available	Available	NONE
Recurring payments	Available	Non	NONE
Refund Option	Available	NON	NONE
KYC	Not required	Required	NONE
E-commerce Solutions	Available	Available	NONE
E-commerce APIs	Available	Available	NONE
Hidden Fees	NONE	Depends	NONE