DNotes Global, Inc. announced this past Friday that an experimental Proof of Concept (PoC) for its DNotes Pay automated online payment tool is now available for download and testing. The new payment system is a streamlined, simplified, and user-friendly tool that provides automatic payment, confirmation, and delivery of digital products.
DNotes Pay is designed to simplify merchant transactions, offering a less expensive and efficient way to receive payments without relying on third-parties. DNotes claims that the tool can be set up in a matter of minutes and is flexible enough to be adapted for use in more secure and robust payment apps.
The new tool will also reportedly enable sellers to automatically deliver digital products after the purchase is complete, removing the need for a separate order fulfillment process. Moreover, sellers will receive their payments immediately, and there are no setup, maintenance, or transaction fees other than DNotes’ minimal blockchain fee per transaction.
DNotes Pay enables sellers to receive payment in DNotes or USD equivalent from anywhere in the world, without respect to borders or other country restrictions. And because there are no transaction fees involved with the process, the tool will enable those sellers to offer new options for their customers, including so-called microtransactions.
[perfectpullquote align=”full” bordertop=”false” cite=”DNotes Global CTO Theodore Hauenstein” link=”” color=”” class=”” size=”17″]“We designed DNotes Pay so that there is no need for programming experience or other specialized expertise. There is no account setup involved, no middleman to deal with, and it doesn’t require a database or other complicated system to work. It is also a lite tool with minimal server requirements so that it will work with pretty much any hosting solution.” [/perfectpullquote]
Hauenstein said that the test version of DNotes Pay is available and ready for use by individual digital product sellers, hobbyists, and others whose ability to sell digital content online may have previously been inhibited by a lack of resources or limited technical knowledge. He also noted that the tool offers new capabilities for those who want to manage “smaller transactions that do not require the protection” needed for most formal commercial transactions.
Hauenstein stressed that this is just the first of many DNotes solutions. The company already has plans for a host of other commercial solutions, cart integrations, solutions for software developers, and strategic integration with popular e-commerce platforms that will be introduced in the months and years to come.
[perfectpullquote align=”full” bordertop=”false” cite=”DNotes Global co-founder and CEO Alan Yong” link=”” color=”” class=”” size=”18″]“DNotes Pay is a next-generation online payment solution that brings the power of convenient, low-cost merchant transactions to everyone around the world. Until now, individual sellers have struggled to manage the expense and complications involved with traditional merchant payment systems. DNotes Pay is designed to offer a more inclusive solution and greater self-empowerment and opportunity for people everywhere in the world. With DNotes Pay we are determined to fundamentally transform the way sellers and buyers think about digital commerce. We live in an age in which anything that can be digitized will be digitized, and that requires new strategies and tools to keep pace with new innovations and expectations. At DNotes Global, we remain as committed as ever to leading our industry as we meet the challenge of providing inclusive, self-empowering, and accessible solutions for people around the world.”[/perfectpullquote]