Similar to coinbase, I suppose.
Customer pays with crypto of his choice while BlockPay converts that payment on the fly to the merchant's account.
No need for the merchant to learn much about it.
Correct me if I am wrong: )
At the beginning, every merchant just will receive their funds in BitAssets on their own BitShares account. BlockPay and BitShares Munich will not exchange the funds into Fiat yet. A full gateway service is on our timeline.
We want to build a very simple web wallet, where the merchant can choose a gateway, transfer the funds to the gateway, and get paid in fiat. If they wish.
But that would be the worst situation. We would like to create as many incentives for merchants to actually stay on the DEX and spend the funds for other services (like marketing, hosting, consulting) or products and pay in digital currencies again! It is our vision to create a circle with digital cash. A Merchant who chases out is really the worst case scenario. What are your ideas? What services could we offer to merchants?