Triple-A now supports the fast-growing Polygon network as a side chain for our digital payment solutions. If you’re not familiar with Polygon (and why we’re so thrilled to offer it!), this blog post covers everything you need to know. 

What is a Polygon Chain? 

Polygon Chain is a layer2 scaling solution built on Ethereum’s blockchain. Its objective is to increase transaction speeds and costs by connecting different chains to enable one simplified settlement flow. To do so, the protocol uses Proof of Stake validation instead of the more resource-intensive Proof of Work that underlies other blockchains like Bitcoin.

Polygon acts as an expressway to Ethereum’s sometimes congested main highway. On Polygon, transactions complete their life cycle much faster than they would through Ethereum, and for much cheaper. As per Polygon’s own data, the average transaction cost with Polygon is only around $0.015, a fraction of the expenses on Ethereum. However, transactions still benefit from Ethereum’s security. This added secure layer, combined with quick scalability and lightning speed, makes Polygon a great fit for Web3, digital-to-fiat, and other digital payment transaction processing. It also explains why the most recent data shows that Polygon is the second most popular blockchain today, with over a million daily active users.

Why we integrated Polygon into our payments offering

We chose to integrate with Polygon because it harmonises with our mission to bring digital payments to growing businesses. We have several reasons for adding Polygon to our payment technology stack.

First, the combined speed and security of Polygon complement our other services well. This helps our customers transact between digital and fiat quickly and more securely. By utilising Polygon, we can help grow the protocol while making digital payments more accessible.  

Polygon also adds the missing scalability element to Ethereum’s decentralised and secure protocols. For our customers, that translates to faster and more affordable digital payments without compromising the security you expect from a digital payments provider.  

💡 Read more: 5 things you are missing if you are not accepting digital currencies payments

Why use Triple-A for Polygon-powered digital payments?

Are you looking to make and accept digital payments through Polygon without touching digital currencies? Here’s why over 20,000 customers choose Triple-A for their digital-to-fiat payment needs.

Settle digital-to-fiat payments (and vice versa) faster than ever 

Increased settlement speed is one of Polygon’s biggest selling points, as it improves on Ethereum’s already efficient transaction processes. With Triple-A, you and your customers can now take advantage of Polygon’s rapid settlement system for both pay-ins and payouts, all through one integration. 

For example, say you run an online marketplace. Your customers can pay in USDC and USDT on the Polygon chain. As soon as we receive the payment on the Polygon chain, we’ll convert it to the fiat of your business’ preference, settled directly in your bank account the next business day –– no need to wait for longer processing and conversion times. 

Lower transaction fees to protect your margins

Payment transaction fees can have an outsized impact on any company’s balance sheet. For those in competitive spaces or high-volume industries, payment costs can be the difference between profit and loss –– especially when handling multiple cross-border transactions. Our payment solutions help keep your costs under control. We charge a flat fee for payment processing, including payments made on the Polygon chain, and we never charge set-up fees, so you can get up and running without distraction. Plus, as payments via Polygon are irreversible, you won’t have to worry about chargebacks. With Triple-A, you can add digital payment and digital-to-fiat capabilities without harming your bottom line. 

Accept payments in the mediums your customers prefer

When it comes to payment mediums, consumers have never had so much choice. But for merchants and innovators, this ever-growing selection makes it harder to keep up with their customers’ changing preferences. Our digital-to-fiat and digital payment solutions let you stay ahead of the curve and satisfy your customers’ payment experience demands through one provider. With Triple-A, you won’t need to worry about adding and managing multiple payment integrations to fulfil your user payment experience goals. 

Receive payments on the  Polygon sidechain without ever touching digital currencies

With over 560 million digital currencies owners around the world, digital currencies are an increasingly common way for consumers to make payments. However, for businesses, transacting in them demands burdensome compliance obligations. Triple-A enables you to make and receive digital payments under our licences so you don’t have to get regulated yourself. Instead, you can incorporate these payment methods quickly and with little overhead.   

Stay on top of the latest payment trends without overloading your stack and finance department 

Consumer payment trends evolve rapidly, making it incredibly difficult to keep up. Plus, finding and integrating numerous payment types can be overwhelming or unfeasible for companies with limited tech and product resources. Our payment solutions allow you to access multiple digital payment solutions from one tech source, regardless of your technical capabilities. 

Developers can incorporate digital currency payment solutions directly into their services through our API. For e-commerce and online merchants with less technical prowess, we offer plugins to popular marketplace tools like Woo-Commerce, Wix, and OpenCart. If you need to accept digital payments on an ad-hoc basis, you can create unique payment links directly from our dashboard. Regardless of where you are in your digital payment needs, Triple-A enables you to accept them without hassle. 

So, how can you start accepting payments on the Polygon Side Chain?

Polygon is just the start

Our commitment to faster, more secure, and lower-cost digital payments doesn’t stop at Polygon. We also support the layer two, Bitcoin Lightning, to increase transaction speeds and lower costs on the Bitcoin blockchain. We are also working on integrating other sidechains, ensuring you stay on top of digital payment trends without additional hassle. Be sure to follow us on LinkedIn to see what exciting features we’re rolling out next. 

Triple-A: Your partner for digital currency payment solutions 

At Triple-A, we’re on a mission to bridge the gaps in cross-border payments between fiat and digital currencies and Web2 and Web3. Integrating Polygon as a sidechain onto our payment solutions helps us deliver those goals to our growing customer base. Are you ready to add cryptocurrency payments to your platform? Contact us now to get started.