Payment Solutions Intro
Official website
https://www.magiccompasspay.com/
Product
- MC Payment As a leading payment gateway, MC Payment integrates multiple payment channels to provide merchants with multi-currency digital payment solutions covering the world. by MC With Payment, merchants can easily implement payment functions in multiple currencies and payment channels, and can accept payments from all over the world without integrating different interfaces.
- Fast, secure, low-cost and scalable are the core features of MC Payment payment solutions, helping merchants significantly save time and costs.
- MC Payment provides support for 27 legal currencies and 41 payment types, ensuring an instant and seamless experience in the payment process. We are committed to driving innovation and creating more value for the crypto ecosystem.
- MC Payment serves as a compliant payment financial infrastructure to help partners easily connect digital assets, supporting 92 cryptocurrencies, 22 payment networks and 22 A protocol that seamlessly connects cryptocurrency and blockchain networks with trusted global payment networks.
- Cooperate with MC Payment to explore more possibilities for digital asset payments and jointly embrace the future of crypto payments.
Advantages
| Fast | Safety | Scalable |
|---|---|---|
| Efficient and seamless payment process greatly improves merchants’ capital flow efficiency. | Using industry-leading encryption technology to provide merchants and users with excellent security. | Designed based on cloud architecture, it can quickly expand with business and meet the future needs of merchants. |
Product Capabilities
Payment for asset allocation
| Flexible allocation of payment assets | Channel configuration capability | Channel cost configuration capability |
|---|---|---|
| Through the fund management system, merchants can flexibly choose and use appropriate payment assets based on actual needs and payment environment, improving the flexibility and convenience of payment. | The fund management system can help merchants configure different payment channels, including FireBlock, BlockATM, Alipay, WeChat payment, credit card payment, etc. This enables merchants to choose the most suitable payment channel based on customer needs and payment habits, improve payment convenience and flexibility, and enhance customer experience. | The system provides a channel cost configuration function to define handling fees and handling rates for different channels. Merchants can choose the most cost-effective payment channel to control transaction costs and increase profit margins. |
Money management ability
| Withdrawal ability | Deposit ability | Account address generation capability |
|---|---|---|
| Process merchants’ withdrawal requests, allowing them to withdraw funds quickly and securely. This solves the liquidity needs of merchants and provides a convenient way to manage funds. | Provide safe and convenient deposit channels and accept deposits from customers, including online payment, cryptocurrency payment and other methods. It provides convenient payment channels and strengthens the cooperative relationship between merchants and customers. | Supports generating unique account addresses for receiving deposits of cryptocurrencies or other assets. Providing merchants with a secure and traceable asset management method helps expand payment options and meet digital asset payment needs. |
Product Advantages
- Rich payment varieties
Our payment system supports more than 27 fiat currencies and more than 92 cryptocurrencies, covering multiple payment methods with one integration, providing more choices for your users.
- Peer-to-Peer Payment
Every payment goes directly into your wallet, no intermediaries required. Improve payment security and efficiency while reducing intermediate costs and delays.
- Efficiency and Conversion
With MC Payment’s seamless payment experience, you can improve payment efficiency and achieve higher conversion rates. A smooth user experience during the payment process will help satisfy customer needs and promote more successful transactions.
- Globalization and Digitization
No matter where you are, MC Payment allows you to receive payments instantly without any intermediary. Receive payments from anywhere in the world for easier global payments.
- Transparency
MC Payment ensures that every operation is visible, verifiable and trustworthy on the blockchain. This means that every aspect of the payment process can be tracked and confirmed, increasing the transparency and credibility of the transaction.
- Embedded Payment
MC Payment provides embedded payment functionality so you can process payments directly within your website or app. Users can complete payments without leaving your platform, providing a more convenient payment experience.
Business docking process
- The business end wants to apply for a payment address from MC Payment.
- MC Payment returns the payment address to the business end and notifies the validity period
- The business end sends a payment request to MC Payment
- MC Payment verifies the payment
- Return the verification results to the business end
- The business end initiates a payment request to MC Payment
- MC Payment receives payment requests
- MC Payment processes payments based on payment requests
- MC Payment returns the payment result to the business end
Application cases
| toC service | toB service | Financial institution | Web3 business |
|---|---|---|---|
| Exchanges Companies Fintech companies Banks Investment platforms | Payment service providers Banking service providers | Hedge funds Asset management company Lending platform OTC trading platform Broker Market maker | NFT Platform DAO Community DeFi Protocol GameFi Web3 Depin B2B Web3 Service |
Service support
- Customized needs are scalable
- Integrated payment solution quickly launched
- Extremely fast response and full technical support
- Any asset channel split and combination service
- Full API service deployment support
How it works
- Create designated digital wallets on more than 40 supported blockchains.
- Assign each of your customers an address so you can track funds more easily.
- When a deposit is received at an address, the funds will be automatically transferred to your safe custody account.
Technical advantages
Security design
- On the network link, the entire network adopts the HTTPS access method. The link uses an SSL certificate to encrypt the data of the link to prevent the risk of data theft. The same as the network interaction with external systems, the SSL method is used for interactive encryption.
- In data storage, information involving sensitive information (passwords, keys) is symmetrically encrypted. The encryption key is stored through the configuration file and can be entered interactively during service startup.
- Involves key file storage, which is stored in a standard key encryption file (KeyStore). The encryption key is entered through the interactive method during the service startup process.
- To resist external network attacks, use cloud service firewall and anti-DDoS means to solve the problem
High performance design
- The system implements service instances through a microservices framework and supports dynamic horizontal expansion of service instances to meet bottlenecks under high-throughput access while achieving better resource utilization.
- Hotspot data within the system is dynamically loaded through data caching to achieve efficient access to data.
- Low-latency communication between multiple services is achieved through high-performance service middleware (Java Dubbo / Spring Cloud)
High availability design
- All services in the system are deployed using multiple instances to prevent single point failures of services from affecting business access.
- The database system adopts hot and cold backup mode, which can realize self-healing and recovery of faults, and ensure the availability of multiple copies of data through regular data backup.
- The system monitors the health status of the service through the cloud service monitoring system (Prometheus), and achieves real-time perception of faults by configuring threshold alarms for abnormal indicators (emails, SMS, etc.)
Extensibility design
- Using the microservice architecture model, in terms of overall system scalability, the system can be dynamically scaled based on the dynamic expansion of the RPC service framework, while supporting the expanded definition of new service capabilities.
- Use independent external service integration components to shield the impact of external system changes on multiple services within the system, and can effectively be compatible with expansion changes and upgrades of external systems