2. CREDIT CARDS ARE TARGETS FOR FRAUD
The major card
networks are
pushing payment
companies to
upgrade to
EMV
or
“chip card”
compatible points of
sale by 2015.
NO CREDIT CARD
NO LOVE ! ! !
3. • 3-4% credit card transaction fees + $.30
• Prepaid cards up to 20% fees
• Credit card chargebacks
• Too many intermediaries in transaction$$
• Merchant Category Code Friction
Current Operator Pains
transaction fees too high
Pain + Friction = Opportunity
4. Digital Currencies Payments
are superior & here to stay
• Bitcoin – Most circulated ~$10B
• Peer-to-peer secure, instant payments
• Military-grade encryption
• Less than 1% transaction fees
• Transparent, verified, frictionless
• Irreversible Payments…No CHARGEBACKS
• Growing trust economy (AirBnb, Uber, etc)
5. WHAT IS DRIVING ADOPTION?
The CROWD is disrupting
established incumbents
peer-to-peer
6. Steve Beauregard, Founder & CEO
HYPE GOOD & BAD MAKES HEADLINES
CRYPTO CURRENCIES
BITCOIN HAS EVOLVED
BEYOND ILLICIT USES SUCH
AS “SILK ROAD” AND EARLY
FAILURES LIKE “MT.
GOX, BIPS, AND OTHERS” THAT
WERE ROBBED OR MISMANAGED
8. MERCHANT CASE STUDIES
800 orders in 24 hours
$130K net new customers
$500,000
orders in 1st
week
83,683 daily
transactions (Nov. 2013)
5% of all orders are
with Bitcoin better for
Bitcoin Credit Card PayPal
0% 2.7% 2.7%FRAUD
9. DISRUPTIVE TECHNOLOGY: BITCOIN
• Bitcoin the invention vs. Bitcoin the currency
• The competitive drive for traffic and profits!
• Reach global markets with instant irreversible
payments & no interchange/forex fees
• Payment processing and game engines with in-
game commerce, tipping and gifting
• Cost savings in chargeback management, wire fees,
& fraud prevention
• Will make digital currencies the preferred payment
method of web transactions
10. HOW DO I GET BITCOINS?
1.Download Wallet
2. Buy Coins
3. Earn Coins
11. HOW DO I EARN? ACCEPTING PAYMENTS
1. Signup for a merchant account
– www.gocoin.com/merchant_signup
2. Upload merchant KYC documents
3. Select currencies Bitcoin, Litecoin, Dogecoin
4. Enter bank routing or wire details
5. Determine Digital Currency / Fiat Splits
6. Add payment option(s) to website
7. Receive fiat deposits in bank