Adoption
ForumPay Introduces New Card and Bank Transfer Payment Solution for Merchants
On August 11, 2026, ForumPay, a cryptocurrency payment infrastructure company based in Milton, Georgia, announced a significant upgrade to its payment processing capabilities. The new payment flow enables merchants to accept payments via Visa, Mastercard, and bank transfers in selected markets, streamlining the transaction process without the need for businesses to register as card acceptance entities.
This innovative solution allows customers to initiate purchases using traditional payment methods, which are then automatically converted into cryptocurrency through ForumPay’s existing infrastructure. As a result, merchants receive the exact amount invoiced, eliminating the complexities associated with chargebacks and compliance costs typically tied to card acceptance.
ForumPay's approach is designed to provide businesses with greater flexibility at checkout while minimizing operational burdens. By passing any additional card and bank transfer costs directly to the payer, merchants can expand their payment options without incurring the usual risks and expenses associated with traditional payment methods.
With this development, ForumPay aims to bridge the gap between conventional payment systems and cryptocurrency, offering a seamless experience for both merchants and customers. The company’s technology facilitates instant conversion and next-day settlement, allowing businesses to optimize their payment processes efficiently.
FAQ
What new payment methods does ForumPay support for merchants?
ForumPay now enables merchants to accept payments via Visa, Mastercard, and bank transfers in selected markets.
How does ForumPay's new payment solution benefit merchants?
Merchants can accept traditional payment methods that are automatically converted into cryptocurrency, allowing them to receive the exact invoiced amount without dealing with chargebacks or compliance costs.
Are merchants required to register as card acceptance entities to use ForumPay's new solution?
No, businesses do not need to register as card acceptance entities to utilize ForumPay's new payment processing capabilities.
What happens to the additional costs associated with card and bank transfer payments?
Any additional costs incurred from card and bank transfer payments are passed directly to the payer, allowing merchants to expand payment options without the usual risks and expenses.
How quickly can merchants expect to receive their payments through ForumPay?
ForumPay facilitates instant conversion and next-day settlement, allowing businesses to optimize their payment processes efficiently.