FAQ

The Render Payment Token (RPM) will be an Ethereum ERC20 based token of value. Tokens are a digital asset, bearing value by themselves through their underlying assets, properties and/or rights.
Initial coin offerings (ICO) allow anyone to participate in the growth of both new and established businesses. Render Payment views its token sale as a highly flexible and dynamic method of allowing participation in its outlook and success.
During the ICO, the official Render Payment ICO website will be available at www.renderpayment.com/ico.php The website will guide participants through the deposit process. Additional information on how to participate is covered in our website FAQ. Please review the FAQ page at www.renderpayment.com/FAQ or email info@renderpayment.com.
RPM Tokens can be purchased using Bitcoin or Ethereum during the ICO Period.
  • The RPM will be available for purchase by the general public beginning October 15, 2017 through November 30, 2017.
  • The RPM will have a Pre-ICO initial value of $0.10 (US dollars) per token and $0.13 per token to the general public and share increase accordingly.
  • Each RPM holder gets an amount of RPM coins proportional to the US Dollar value deposit into the Render Smart Contract System at the time of acquisition.
  • Payment will issue RPM tokens 10 days after the crowdfunding campaign successfully ends.

Purchasers of the RPM will receive additional RPM tokens based upon the time of their acquisition during the ICO. The following incentive discounts apply:

  • Pre-ICO- October 7 – October 14 (.10 cents per token)
  • October 15 – October 24 (.13 cents per token)
  • October 25 – November 2 (.16 cents per token)
  • November 3 – November 11 (.19 cents per token)
  • November 12 – November 20 (.22 cents per token)
  • November 21 – November 30 (.25 cents per token)
No. Merchants who process their payments through “Render Payment” can accept payments with any Ethereum wallet.
Yes. Merchants can be large or small and located anywhere as the merchant completes our screening process. “Render Payment” processing plus a decentralized trust and reputation system works both in e-commerce and in retail.
A crypto wallet is created automatically for every merchant that registers with “Render Payment”. A merchant doesn’t need to have a separate wallet to accept “Render Payment” payments.
We need this information to be able to validate the transaction, and ensure that you receive your RPM Tokens properly, and promptly in your ERC-20 wallet after the ICO has completed. This will also be helpful in identifying you as the proper owner of the tokens, and to aid in troubleshooting, should there be an issue with the transaction. Without this, there is no reliable means of identifying a particular individual as a rightful owner, or recipient.
When a customer enters an order, the order is delivered to the merchant. The order is processed in a specific format to the issuing bank (actual bank or credit card–Visa, MasterCard, American Express, Discover) through a gateway. Next, the issuing bank approves or denies the transaction. Banks have the ability to arbitrarily approve or deny transactions with no specific standard of reason.

Finally, once the issuing bank approves a transaction the business is notified of the approval. Separately, the issuing bank notifies the receiving bank of the availability of the funds.

Render Payment isn’t just another payment processor. Through Render Payment you receive:

  • The opportunity of low cost merchant services for businesses in standard and high risk markets globally
  • Access to one of the world’s most secure wallets
  • A merchant processing solution with major online shopping carts as well as the world’s leading accounting packages
  • Access to crypto-currency commerce and trade
We are able to provide payment processing through the Ethereum blockchain technology. The transaction goes directly from the customer to the merchant, excluding the intermediaries and saving merchants extensive money and time. However, not only the payment method changes. Contradictory to existing payment options, payment and settlement occur simultaneously and instantaneously. One step and it’s done! Since the payment now goes directly from the client to the merchant, instead of waiting for weeks to see the funds, now it arrives instantaneously after the purchase regardless of where the purchase was made.
No. This is one of the strengths of decentralized trust and reputation system compared to centralized reputation system provider. We have a durable merchant screening procedure to ensure only trustworthy merchants can use Render Payment.
Each transaction, retail or e-commerce, provokes the blockchain to record transaction timestamp, both accepting and sending wallet addresses, warranty conditions, delivery time, and all other necessary information ensuring the trust in different countries. All of the collected information is then encrypted and only available to authorized users through a simplified user interface. Then, clients and merchants have the ability to submit and close claims, rate each other, etc. A default trust rating is applied to first time platform users. The trust rating is assigned to specific wallet address. Each transaction, registered claim, resolved or unsolved (according to the purchase details), review, etc., the smart contract will automatically change the trust level for each wallet address involved.
It is critical to understand that Render Payment is not a marketplace like Ebay, Amazon or others. Render Payment provides a technological tool for the independent merchants who desire an alternative or who have a need for a high-risk alternative.
The Render Payment Shopping Network will be the first exclusive online cryptocurrency shopping network in the world. The only source of payment will be registered cryptocurrencies. All vendors on our shopping network will accept the cryptocurrencies registered with Render Payment’s exchange and will provide digital to real world solutions, bringing into mainstream the business of cryptocurrencies.

Render Payment will set aside 25 million (25% of the total allocation) of the RPM tokens to be used to incentivize the adoption of the financial processing system. The bootstrapping of this processing system is a core component of the strategy and the long-term success of the system. It is expected that tokens may be used to:

  1. Support third-party developers and other third parties that support expansion and promote adoption of the ecosystem
  2. Distribute to resellers to promote and incentivize use and adoption of the financial processing system
  3. Support marketing and strategic partners who market and promote the tokens and the financial system
The following breakdown reflects the distribution of RPM tokens should the maximum amount of funding be achieved at the earliest possible time.
ICO Sale – will consist of 400,000,000 tokens. The price per token shall range from $0.10 – $0.25 per token.
Adopters/Acquisitions – will consist of 250,000,000 tokens and shall be used for business development, both organic and through acquisitions. A portion of these tokens will be used to incentivize the adoption of our financial services (see RPM Promotional Tokens). Marketing – will consist of 150,000,000 tokens.
Reserve Fund – will consist of 100,000,000 tokens and shall be used by the company as collateral required for the operations of its merchant services solution. These tokens will not be sold.
Company – will consist of 100,000,000 tokens which shall be distributed to management and key development personnel and partners. These tokens shall have certain lock-up and leak-out agreements attached, depending on the level of management. ALL MANAGEMENT personnel will have a 12-month lockup agreement on any tokens allocated to them.