Market & Competitors

Polus Payments is a solution that transforms the complexities and inconveniences associated with payment systems. Centralized solutions tend to control user funds, operate only in certain countries, have high fees due to their expensive architecture. Polus Payments, on the contrary, offers simplicity, versatility and security, as well as low service prices. Below we have described the key challenges of the payment system market and how Polus Payments solves them:

Market Problems:

Incomplete coverage of business requests

Most of the payment solutions on the market try to cover most of the requirements and requests of their clients, but often it is impossible and you have to sacrifice something. This can be expressed in security, exchange rates, commissions. Polus Payments offers its clients to use the service as a SaaS solution.

With us it is very easy to accept payments to the crypto-exchange account, if there is a need to exchange cryptocurrencies to fiat currencies at the best rate, it is possible to exchange in other services. If you want to be safe, you can accept payments to your non-custodial crypto wallet without any problems. Polus Payments also provides business tools that lower the threshold of entry into the market of accepting crypto payments.

Risks, Regulation and Challenges of Centralized Decisions

Most of the payment solutions are centralized and subject to restrictions, both technical and legal. Due to the fact that cryptocurrency is not fully legalized in the world and there are some problems with it, a payment service has a risk to close down at any moment.

Polus Payments is a first-of-its-kind SaaS solution for businesses, allowing you to use the service flexibly in different scenarios and with an exact guarantee that no one will manage your money and freeze your account for unexplained reasons.

Using centralized solutions, the merchant entrusts the service with full management of his funds, which entails a large number of risks associated with their loss and freezing when attempting to withdraw. It can also be problems with the security of the service, risks of hacking, risks related to regulation, risk of funds and payments freezing.

Unfavorable exchange rates

Centralized services provide the possibility of automatic conversion of cryptocurrencies, but do not provide any guarantees of favorable exchange rates. Polus, on the other hand, provides exchanges on public DEXs such as Uniswap and 1inch, creating the best conditions for automatic conversion for its users with minimal commissions.

High Fees

Centralized services store cryptocurrencies of their clients, which creates, in addition to the risks of loss of funds by the client, also requirements for infrastructure and higher cost of maintenance of such a service. This creates a minimum commission threshold for merchants. The economic model of Polus Payments reduces the costs of paying for the service, which makes it possible to offer the most favorable conditions for clients on the market.