COTI is pushing the envelope in terms of solving the payments challenges of today. It is a currency and a payment platform that is simple, transparent, trustworthy, instant and scalable. At COTI, we’ve developed a suite of applications and services that will maximize your potential whether you’re a user, merchant or mediator. Read on below to see what COTI can do for you.
COTI merchantsMerchants around the world face a number of shortcomings that impact their bottom line, such as low approval rates, increasing cart abandonment rates, rampant chargebacks, rising transaction fees and high rolling reserve requirements. Many of these issues can be attributed to outdated payment systems and the need for up to 6-8 middlemen to validate a single transaction.
Secure your place as an online merchantCOTI takes out the middleman, which translates into low-to-zero processing fees for merchants, significantly lower rolling reserve requirements, buyer-seller protections and high approval rates. The COTI payment system integrates seamlessly with major e-commerce websites (e.g.
Shopify and
Magento) to provide a streamlined user experience and checkout process.
Our recent partnership with
Processing.com, will grant us access to thousands of merchants around the world by offering true value. Our merchant acquiring strategy is predicated upon providing the best possible solutions for merchants that need us the most across industries that face processing issues like travel, pharma, global e-commerce and more.
Merchants that reserve a COTI account will receive 10,000 free COTI coins (a value of $1,000) as part of our early bird sign-up package. Registration details can be found in the merchant section of the
COTI website.
COTI wallet holdersE-commerce and mobile payments around the world are on the rise, but users still face numerous downfalls common in traditional payment systems and digital currencies. Common issues include long remittance periods for bank wires and high transaction fees for peer-to-peer (P2P) transactions and wire transfers. False positives are also quite common as buyers are flagged on the suspicion of fraud when a transaction is realistically legitimate.
To compound the issue, many local payment methods are unavailable to consumers around the globe, leading to high fees that are paid to third party financial intermediaries responsible for authorizing, clearing and settling digital payments. There is also little recourse for the underbanked population, which amounts to two billion people around the world without access to financial services.
COTI’s answer to such shortcomings is a decentralized payments system consisting of the COTI coin, wallet, exchange and debit card. With low-to-zero fees, full buyer-seller protections, a robust Trust Scoring Engine and decentralised Mediation System, COTI combines the best of traditional payment methods with the best of digital currencies.
Users that sign up for a COTI wallet will receive 100 free COTI coins, which can be used online to pay for a number of products and services. For registration details, be sure to
visit our website.
Sign up for a COTI walletCOTI mediatorsOne of COTI’s standout features is its Mediation System, which offers buyer-seller protections for all network users. Typical scenarios that require mediation include billing errors, inadvertent transfers, unauthorized charges, undelivered or non-conforming goods and services.
By becoming a COTI mediator, you will receive:
✓ Rewards in COTI’s native currency, which can be spent on online shopping
✓ Improved Trust Scores
✓ The satisfaction of helping other users with dispute resolution
To find out how to become a
COTI mediator, please visit our website to register your interest.
COTI endeavours to make mediation open to a broad group of people and will make available online training programs that can assist candidates in acquiring the requisite knowledge for contributing to the dispute resolution process effectively.
Become a COTI mediatorIn other exciting news, the
COTI website is now available in a number of languages. We have added Korean, Chinese, Japanese, Russian and Spanish language functionality. Our goal is to bring COTI to the whole world, so please let us know if you’d like us to localize our website to your country, and we’ll be sure to keep you on our radar.
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