Founded in 2013, the origins and exact location of Alfacoins is nowhere to be found.
Upon further research, it was found that the Facebook page manager was located in Russia and another website reported that it was specifically in Moscow, Russia.
One website reported that it was located in the British Virgin Islands.
Despite the apparent inconsistencies of its location, Alphacoins provides both bitcoin and cryptocurrency payment services. In the interest of improving its quality and reliability, they have upgraded their website in order to make it more user-friendly and to facilitate site navigation. Other improvements include enhancing their personal account management features and adding new cryptocurrencies to their system.
Alfacoins offers a safe and secure “multifunctional crypto-payment processing”. They offer a payment system that is readily available worldwide. Options include making payments in either Euros or US dollars in the banks provided or in the cryptocurrencies supported in their wallets.
All payments can be withdrawn in Euros or US dollars. BitSend transactions can be processed instantly. Once the transaction is completed, confirmation emails are then sent to the recipient.
Another bonus feature is that Alfacoins enables its users to send bitcoin and other cryptocurrencies as salaries and bonuses to their employees and merchants. Also, rewards in the form of cryptocurrencies and bitcoins can be given to clients and partners.
With the unveiling of their CoinSplit feature, more flexibility is given to its users. This facilitates the partial payment to be payable in cryptocurrencies. The user also has the choice of setting up their default account either in Euros or US dollars. CoinSplit offers a considerable benefit for those who prefer to receive their earnings in cryptocurrencies for a later investment.
By using their BitSend feature, users can send all earnings to customers, employees, and partners.
Additional features include:
- A mature payment processor that includes an “extensive API documentation”.
- There are no chargebacks or fraud.
- Users can accept payments, make payments, as well as send refunds to clients via an easy API integration.
- Plugins are available for download. They can be used for any application built on Java/Ruby and other well-known programming languages.
- It uses REST and JSON-RPC calls.
- There is also a Woo-Commerce plugin.
It is important to note that Alphacoins cannot guarantee 100% security from attacks by hackers and other criminals. If these perpetrators were to get access to your encryption key, they can simply rob and transfer your bitcoins out. Once the transfer is completed, there is no reversal of funds. This action is permanent.