What Happened in May? Token Swap, Dashboard Analytics, Business Edits, and much more
*What happened in´ is our monthly update that highlights recent product improvements and how they help you improve your business as well as company news in general.
What’s new at Lazerpay?
The last time you heard from us, it was about our first days as a company helping you receive crypto payments from anywhere in the world. Read more about that here.
Since then, we’ve launched the Lazerpay Developer community and documentation, as shown below.
We also partnered with some of your favorite Startups— you’ll find out who soon 😉 and found new ways to help you accept crypto payments from any part of the world.
Insights from business analytics are invaluable in helping businesses become more efficient and increase revenue.
With the new dashboard analytics feature, you get to select between specific time ranges to understand the changes that happened with transactions across those periods.
As seen in the image below, you can use insights from past transactions to better understand your customers and increase sales.
You’ll be able to use the total displayed on the chart to determine the total amount of transactions in a selected time range.
For example, you can choose 1 hour, 1 day, or 1 week to understand the performance of different transactions at a glance.
As the cryptocurrency industry grows, there’s an increasing need to keep the bad guys out.
So what is KYC/KYB and why should you care? KYC is the short form for ‘know your customer’, while KYB means ‘know your business’.
All of these are to keep you safe from any regulatory worries.
This process helps us to stand bold in front of anyone and vouch for you. It is also a great way to help you safeguard your business and keep it away from fraudsters.
Crypto Swap vis APIs
With this swap, you can exchange the stable coins in your wallet for your preferred option.
This token switching opens up opportunities for you to get paid in a type of stable coin and swap to invest in another of your choice.
For example, if a customer paid you in USDT, and you’d like to invest it in another type of stable coin, you can swap to USDC, DAI or BUSD.
If you log in now, you’ll find that the new Crypto Swap feature, shown in the image below, allows your business to transfer funds from one token to another using the Lazerpay API.
Say Hello to Instant Transfers
Previously, you needed to wait for 5-10 minutes to get your transactions confirmed as a merchant on Lazerpay.
But now with the webhooks on transfer updates, business owners don’t have to wait for the transaction to get mined on the blockchain before they can get a response.
With the webhook on transfer feature, you can now confirm transfers faster.
Business Details Revamp
Change – the good kind – is crucial to the long-term survival of your business.
As your business grows, you’ll change many things, which means you’ll need to make edits from time to time.
Editing your business on Lazerpay used to be stressful, but its become straightforward with the new business edit feature.
What To Expect In Coming Days….
In line with our vision to create more opportunities for everyone to get in on crypto, we will be announcing partnerships with some of your favourite startups.
If you haven’t already, we invite you to join us now as we continue to build the future of payment and commerce for businesses. See you at the top!