Paybear Review

As the mainstream adoption of crypto services continues to grow, more and more people are looking to use alt-currencies to facilitate payments for business purposes on a regular basis.

Paybear is one such platform that has been designed to transfer money without any issues related to large processing fees and slow transfer times.

More About Paybear

Some of the key aspects of this platform include:

(i) Easy to Use:

To make the entire transaction process as smooth as possible for users, there is an ‘express setup option’ that allows customers to configure the interface within a matter of minutes. In addition to this, there is also a feature that enables users to customize the core API in a way so that the platform meets all of one’s individual needs.

(ii) Fast:

Since this entire operation is based entirely within the blockchain, all of our payments are processed within a matter of seconds. There are no chances of any major lapses occurring, and thus customers can send money all across the globe without having to worry about a thing.

(iii) Cheap:

Another aspect of Paybear is that it charges next to no fees on any of its transactions. When compared to other payment services like PayPal and Stripe , Paybear costs substantially less (around 2 cents per transfer).

(iv) No Fraud:

Another aspect to consider is that there are no chances of getting scammed or being involved in a fraud when using PayBear. Additionally, the website states that there are no chargebacks or other similar issues when using the system.

Other Aspects to Bear in Mind

(i) Privacy:

Paybear is based completely within the crypto network and is thus immune to any issues related to hacking and third part dDos attacks.

(ii) Security:

The system offers a high level of safety to both the customer as well as the merchant via the use of specialised encryption protocols.

(iii) Native Wallet:

The platform provides users with their very own digital wallet that makes use of a 2FA locking system.

How Does Paybear Work?

(i) Address Creation:

To start things off, users are needed to create a unique payout wallet address as well as a callback URL within the PayBear API.

(ii) Request:

A payment can be initiated by showcasing our wallet address to the required person.

(iii) Small Confirmation Time:

Once a payment has been processed, users need to wait a little while till the transaction has gone through.

(iv) Notification + Confirmation:

As soon as the payment has been sent to the required wallet address, a corresponding message is sent across immediately.

Who is Behind This Project?

Tushar Singh is the CEO of this entire operation. He has been an entrepreneur for over 10 years and has been involved with cryptocurrencies since their inception back in 2009.

Similarly, Ivan Semin is Paybears’ CTO. He too has been in the online retail domain for a decade and is the person responsible for constructing Paybears’ financial module. Lastly, Dmitriy Kataskin is a backend dev for the company. He holds a degree in cryptography and has been involved with blockchain development for over 4 years.

How Do I Get Started With Paybear?

While the final version of this platform has not yet been released to the public, there is an alpha version that is available for use as we speak. The sign up process is easy and can be completed within 10 minutes.

For any additional queries, users can get in touch with customer reps via email.

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