Speed

Brief Overview of Speed

Speed is a unified payment processor designed for businesses of all sizes to accept Bitcoin and stablecoin payments. The platform serves as a comprehensive crypto payment gateway, addressing the primary challenge of collecting funds from a global customer base where traditional payment methods can be fragmented or unavailable. It provides a suite of tools for both online and in-person transactions, leveraging technologies like the Lightning Network, ERC20, and TRC20 to facilitate fast, low-fee payments. Speed offers a range of no-code solutions, such as payment links and e-commerce plugins, alongside powerful developer APIs for custom integrations. This dual approach makes it accessible for businesses without technical teams while also catering to those who need to build custom crypto-powered products. The platform's core value lies in simplifying global commerce by providing a secure, efficient, and universally accessible payment solution.

Speed Key Features for Content Creators

• Global Payment Acceptance: The platform enables businesses to collect payments from international customers, including those in remote locations, by using the universally accessible Bitcoin network. This expands a business's potential market reach significantly.

• Checkout & Payment Links: Users can generate ready-to-use checkout or payment links directly from the Speed web application. These links can be shared via email, SMS, or social media, allowing businesses to accept Bitcoin payments without needing any technical integration or a dedicated website.

• Fraudulent Chargeback Prevention: Because Bitcoin transactions are permanent and irreversible, Speed helps businesses prevent fraudulent chargebacks. This feature protects revenue and saves companies from the financial losses and reputational damage associated with false claims.

• Quick Onboarding with No KYC: Getting started with Speed is designed to be fast and straightforward. New users can set up an account in under a minute using only a valid email address, as the platform does not require a lengthy KYC or verification process.

• E-commerce Plugins: Speed offers plug-and-play plugins for popular e-commerce platforms, including WooCommerce, Magento, OpenCart, and PrestaShop. These integrations allow online stores to add a Bitcoin payment option with just a few clicks.

• In-Person Payment Tools: For brick-and-mortar businesses, Speed provides solutions like One QR, a static QR code that customers can scan to pay. The platform also includes a Wallet App to manage in-person transactions efficiently.

• Developer APIs and SDKs: For businesses requiring custom solutions, Speed provides a powerful suite of developer tools, including robust APIs and SDKs. This allows for seamless integration of the crypto payment infrastructure into existing systems and applications.

• Customizable Invoicing: The platform includes a built-in invoicing tool. Businesses can create professional, branded invoices and send them directly to clients via email or as a downloadable PDF, eliminating the need for separate invoicing software.

• Fully Managed Infrastructure: Speed handles all the technical complexities of running a payment gateway, including node management, liquidity, security, and software updates. This allows businesses to focus on their operations without investing in extensive R&D or engineering efforts.

Speed Target Users & Use Cases

Speed is built for a diverse range of businesses, from emerging startups to large enterprises, that need to send or receive Bitcoin and stablecoin payments. Its combination of no-code tools and advanced developer APIs makes it suitable for users with varying levels of technical expertise.

• Primary user types: The platform is ideal for e-commerce businesses, brick-and-mortar stores, SaaS companies, online gaming and gambling platforms, Web3 social platforms, and B2B service providers.

• Experience level: Non-technical users can leverage the intuitive web application for payment links and invoicing, while developers can use the extensive APIs to build custom payment solutions.

• Specific use cases:

  • An online marketplace boosting its conversion rate by enabling Bitcoin payments through a WooCommerce plugin.
  • A B2B ratings platform collecting global sponsorship payments without facing cross-border transaction hurdles.
  • A Web3 social app using checkout links to facilitate crypto payments between its users.
  • An online casino boosting Bitcoin transactions by integrating the Speed payment API.
  • A creator accepting tips and donations from a global fanbase using a unique payment address.
  • A retail store using a static QR code for quick, in-person crypto payments.
  • A SaaS company automating its billing cycle with white-labeled crypto invoices.

How to Get Started with Speed

The onboarding process for Speed is streamlined to allow for immediate use. Users can begin accepting payments in just a few steps.

1. Sign Up: Create an account using a valid email address. The process does not require any strenuous KYC or verification.
2. Instant Access: The setup is completed in less than a minute, granting immediate access to the Speed web application and its full suite of features.
3. Create a Payment Request: Users can immediately start accepting payments by generating a Payment Link, creating an Invoice, or setting up a One QR code directly from their dashboard.

Frequently Asked Questions About Speed

• What is Speed? Speed is a Bitcoin and USDT payment processor for businesses and individuals. It provides solutions for accepting crypto payments both online and in-person, either on-chain or over the Lightning Network, with tools available directly through a web app or via developer APIs.

• Does Speed support both on-chain & Lightning Network transactions? Yes, the platform supports both on-chain and Lightning Network transactions. This gives merchants and their customers the flexibility to choose their preferred method for sending and receiving Bitcoin and stablecoins.

• What is the transaction fee? Speed offers a 0% transaction fee on a total volume of up to 0.5 BTC. After this threshold is reached, a 1% transaction fee applies. Custom plans are available for businesses with a monthly volume of 10 BTC or more.

• Is there a KYC process to get started? No, Speed does not have a strenuous or time-consuming KYC verification process. Users can set up an account and start accepting payments in minutes with just a valid email address.

• Does Speed have plugins for e-commerce platforms? Yes, Speed provides plugins for popular e-commerce platforms, including WooCommerce, OpenCart, Magento, and PrestaShop. These plugins can be integrated in less than 10 minutes.

• Can I withdraw Bitcoin to an external wallet? Yes, users can withdraw Bitcoin and USDT to an external wallet without any minimum amount. The process involves entering the payment address or scanning the QR code of the external wallet.

• Which businesses does Speed support? Speed offers a wide range of payment solutions suitable for businesses of all sizes across various industries. Key sectors include e-commerce, marketplaces, brick-and-mortar retail, payment platforms, gaming, and the creator economy.

Bottom Line: Should Content Creators Choose Speed?

Speed presents a compelling payment solution for businesses, creators, and developers seeking to integrate cryptocurrency transactions into their operations. Its key advantages are accessibility and versatility. The quick, no-KYC onboarding process removes a significant barrier to entry, allowing users to start accepting global payments almost instantly. The platform's support for both simple, no-code tools like payment links and complex API integrations makes it adaptable to a wide spectrum of needs.

For businesses with an international audience, particularly in e-commerce, gaming, or the creator economy, Speed effectively solves the problem of cross-border payments and helps mitigate the risk of fraudulent chargebacks. The provision of plugins for major e-commerce platforms further simplifies adoption for online merchants. By managing all the backend complexities of liquidity and node management, Speed allows businesses to leverage the power of Bitcoin payments without requiring deep technical expertise. It is a robust and user-friendly gateway for any enterprise looking to expand its payment options into the digital asset space.