There are many reasons why you should start accepting cryptocurrencies. Find out how you can capitalize on this new and exciting niche.
If you are thinking about integrating BTC or ETH payments into your business, along with other popular cryptocurrencies, it’s time to learn more about it, given the trends today. Cryptocurrency provides many advantages over FIAT. As of today, the cryptocurrency is still in its early stages, but its total market capitalization is around $248 billion. No wonder so many companies around the world come to our field. Undoubtedly, Bitcoin is the future of payments. Here are some of the benefits of cryptocurrency processing with a brief overview of how the system itself works.
Way to attract new customers
The number of people who are looking for goods and services paying in crypto is growing every day. Your business has a unique opportunity to penetrate this expanding market. It is impossible not to take into account the fact that you also get an advantage over your competitors who do not accept cryptocurrencies.
All over the world
The Internet allows companies to do business with any customers from anywhere in the world. Even the smallest online store can now sell their products and services around the world. Since cryptocurrency is decentralized, businesses avoid the hassle and expense of transaction fees and exchange rates. Thus, the business now has a single form of currency that is uniformly applicable regardless of location.
Commissions are much lower
When a business uses credit card payment processing, both the processing company and other intermediaries are involved in the transaction, all of which charge a fee. Business credit card processing fees are typically 2% to 5%. With cryptocurrency, the payment goes directly from the sender to the recipient, eliminating all intermediaries and significantly reducing costs. Cryptocurrency fees typically range from 0-1%, so using it as a payment method allows businesses to save significant amounts of money.
Privacy and enhanced security
Credit card payments are a target for scammers and hackers. When making cryptocurrency payments, a business is not required to share any personal data, as payments are completely anonymous. In addition, due to the privacy of cryptocurrencies, there is no way to identify the buyer.
No payment disputes or chargebacks
Crypto transactions cannot be disputed by the client. In addition, blockchain technology verifies that the funds are available before the transaction is completed. This makes it nearly impossible for customers to make a purchase without sufficient funds in their account. What’s more, unlike credit card payments, payments cannot be cancelled. The business receives all funds immediately.
Cryptocurrency processing online
Offering cryptocurrencies as a payment method on your site is easy. You can grow your business by providing a service that cannot be offered by your competitors but is trusted by existing customers. Integration is a simple procedure. Start by choosing one of the leading cryptocurrency payment providers, B2BinPay.
Cryptocurrency payment provider
B2BinPay is a leading provider of payment solutions for merchants and corporate clients. It allows companies to send, receive, store, exchange and accept cryptocurrency payments online. We guarantee the security, reliability and cost-effectiveness of payments worldwide.
A secure, reliable, and scalable cryptocurrency wallet solution from a reputable, industry-leading cryptocurrency payment provider that includes features such as a secure API, automatic withdrawals for clients, and a sandbox for development teams. Today, more than 888 coins, stablecoins and tokens are available, advanced real-time reports. Those. Support is available 24/7 in 7 languages: English, Chinese, Japanese, Arabic, Spanish, Russian and Greek.