How To Accept Crypto Payment For Your Business

The easiest way to describe cryptocurrency is a form of digital money. It is mainly associated with online transactions and designed to be secure and in most cases anonymous. The most common cryptocurrency is Bitcoin, which was created in 2009 by Satoshi Nakamoto.

During the past few years, cryptocurrencies have exploded in popularity, with assets such as Bitcoin, Ethereum, Polkadot and Litecoin all growing sizably. As such, it should be no surprise that many of the world’s largest companies have begun accepting cryptocurrencies as payment for goods and services. With crypto craze gaining momentum everyday, cryptocurrency payment processing is becoming increasing popular amongst merchants worldwide.

Why Do Customers Want To Use Cryptocurrency

Cryptocurrency payments are usually anonymous. The currency uses code which is almost uncrackable, which when making either large or regular transactions can be very appealing to customers. The transactions cannot be faked or reversed, providing an element of security for both customer and merchant. In industries known for large chargebacks, this can be very beneficial. 

The decentralized nature of cryptocurrency means that it’s assessable to all. Also, the fees involved in cryptocurrency payment methods tend to be low. However, banks and building societies can be selective as to who they do business with. 

With cryptocurrency being a ‘new’ type of cash, the markets have been known to boom massively. Perhaps the most important benefit of accepting crypto for payments is the opportunity to open your business to international markets without having to onboard international payment options.

How Can You Accept Cryptocurrency Payment

Cryptocurrency can now be accepted online and in person. You will require a payment gateway which will accept cryptocurrency, for online transactions.

Although the majority of cryptocurrency payments are made online, some merchants like to offer a face to face cryptocurrency payment platform. This is normally via an app or POS system.

You can process crypto payments in a very simple way, just using our payment gateway, and receive your settlements on time. We use a temporary wallets to receive the funds. Also, there is no chargeback possible in crypto, so your money is 100% safe. The integration with our crypto payments API is totally customizable, so you can create your own payment gateway to process your crypto.

Crypto market is the fastest growing market in the world, join the future of payments and increase your sales between 20 to 30%. Contact us now to get started.