The first Smart Legal Invoice (SLI) payment system in the world which will leverage the blockchain technology and smart contracts to help businesses of all sizes save on transaction fees, receive payments more efficiently and build a secure invoice ecosystem while incentivizing users with Pro Pay Coins for each successful transaction.
The present invoice system used by most companies is expensive, flawed, and slow, with some payment providers charging as much as 3.5% to process a payment or a monthly fee with a fixed term contract. Moreover, it leaves various gaps for defaulted and late payments, costing firms money and time attempting to recover debts which are legally theirs. Several firms end up spending more than the invoice balance on litigation and legal costs. In some extreme cases, companies end up going out of business due to non-payment.
Prontapay aims to serve as an innovative invoice payment platform based on blockchain technology. It will utilize smart contract and smart legal code to develop its trademarked SLI. Companies can create and send out SLIs via its mobile or desktop interface to clients rapidly and conveniently requesting payments for products or services automatically or on their determined date. All invoices are sent on the blockchain and contain smart legal coding which would “make the invoice once accepted form part of a more legally binding agreement between company & payer.”
|Price||1 PRO = 0.000286 ETH|
|Soft Cap||500,000 USD|
|Hard Cap||15,000,000 USD|
|Whitelist/KYC||KYC & Whitelist|
|Restricted areas||USA, Canada, China, Singapore|