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dashingriddler (OP)
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June 21, 2014, 08:27:55 AM
 #21
Quote from: btctechie on June 21, 2014, 05:21:57 AM
Hi,
I saw the flow of payment processing on https://www.unocoin.com/merchants.php . How do you handle volatility risk for merchant as the payment reaches merchant account in 3 days ?
The btc got for the merchant's invoice is sold as soon as the btc transaction is confirmed. Just the merchant getting the INR will take upto 3 days. Merchant will get exactly the INR he has invoiced for his shoppper.
If you are buying a computer for 25,000 INR and if you pay using bitcoin, then the merchant get exactly 25,000 INR with in 3 business days (it will usually be next business day though).

So absolutely no risk of volatility for merchants.
CENTRA

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btctechie
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June 22, 2014, 11:59:21 AM
 #22
Quote from: dashingriddler on June 21, 2014, 08:27:55 AM
Quote from: btctechie on June 21, 2014, 05:21:57 AM
Hi,
I saw the flow of payment processing on https://www.unocoin.com/merchants.php . How do you handle volatility risk for merchant as the payment reaches merchant account in 3 days ?
The btc got for the merchant's invoice is sold as soon as the btc transaction is confirmed. Just the merchant getting the INR will take upto 3 days. Merchant will get exactly the INR he has invoiced for his shoppper.
If you are buying a computer for 25,000 INR and if you pay using bitcoin, then the merchant get exactly 25,000 INR with in 3 business days (it will usually be next business day though).

So absolutely no risk of volatility for merchants.

ok, then its fine Smiley All the best guys!!!! I am a bitcoin developer myself and I am happy to see these kind of projects rolling out in India.
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November 19, 2015, 05:32:32 PM
 #23
Is unocoin.com still working? Because verification is pending since last three days.
dashingriddler (OP)
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November 23, 2015, 03:15:35 PM
 #24
Quote from: Star I on November 19, 2015, 05:32:32 PM
Is unocoin.com still working? Because verification is pending since last three days.
Sure it is working Smiley

Please send an email to support and we will be able to get back to you. Due to the high number of verification requests we are lagging a bit since a few weeks and are trying to catch up.

Regards
CENTRA

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