The Advantages of Crypto Payments For Your business

Whether you are a small or large business owner, you would be aware of the importance of user experience when it comes to increasing sales. You must have flexible online payment options that are as easy as possible for customers to checkout. As a result, Bitcoin payments are nowadays becoming increasingly popular. But if you are wondering whether they are worth implementing into your checkout process, here’s what to know about crypto payments for your business.?

?How do Bitcoin payments work?

Bitcoin payments work the same way as many other cryptocurrencies. To make sure transactions are secure, they use a technology called the blockchain. A customer can purchase bitcoins (or other cryptocurrencies) using the currency of their choice and keep the coins in an electronic wallet. When the customer checks out, they can pay for their products with what is in their digital wallet.

?As a seller, using a bitcoin payments service, you can convert these into any currency you choose. Money is then transferred to your business bank account.

However, before knowing the benefits of accepting crypto payments for your business, you must first understand why businesses today should accept virtual currencies as your payment methods.

Why Should Businesses Accept Virtual Currency Payments?

Allowing customers to pay with digital assets like bitcoin has a number of benefits.

The following are the main reasons why businesses should consider accepting cryptocurrency as a payment method.

• The business gains access to new customers throughout the world who prefer to pay with cryptocurrencies
• Existing customers can now pay in cryptocurrency through cryptocurrency payment gateways.
• Customers can pay securely without worrying about disturbing bank statements.
• Cryptocurrency payments are secure and immutable without being subject to chargebacks. Blockchain records are retained frequently.
• With this method, you can reduce the cost of payments associated with other methods, like credit cards.
• Fast and secure merchant settlements are available. It takes very little time to process crypto payments.

?The Benefits of?accept crypto payments?for Your Business

?For businesses, crypto payments offer several benefits:

1. Transaction Fees Are Lower

?Comparatively to?credit card payments, cryptocurrency has lower fees.

2. Completely Secure

The decentralized nature of cryptocurrency protects merchants from fraud. Payments can't be canceled by third parties. Furthermore, Blockchain technology prevents customers without sufficient funds from making payments, reducing the possibility of time-consuming chargebacks.

?3. Instant Processing

When you pay with Bitcoin or another cryptocurrency, you don't have to wait for funds to clear. Unlike bank transfers, crypto payments are received and processed in real-time.

4. Access to Global Marketplace

?The biggest benefit of using cryptocurrencies is that they open up new markets. Paying buyers from any country is easy with a universal currency you can convert into local currency at your end. This can boost revenue and accelerate business growth.

?5. It is Conducted on a Peer-to-Peer Basis

Bitcoin is a peer-to-peer payment system, which means that users can send and receive payments from anyone on the network. Parties to a bitcoin transaction do not need approval from an outside authority unless they are sending or receiving bitcoin from a regulated exchange or institution.

?6. Flexible Payments

?In contrast with credit and debit cards, in which transactions are tracked with personal information, bitcoin transactions do not require the use of personal information, giving customers increased flexibility and choice.?

?How to choose Your Crypto Payment Provider

?From the discussion above, it is clear that cryptocurrency is gaining popularity today, and the time has come to consider cryptocurrency as a payment system for businesses.?

?However, with many?crypto payment gateway?providers out there, choosing the most suitable one for your transactions can be a little tricky, that’s why we have created a list of all the important factors that you need to look at when choosing the best crypto payment gateway service provider.

1. Easy Signup & Simple onboarding
2. Powerful Merchant Dashboard?
3. 2 Factor Authentication
4. Easy API Integration?
5. Permits bank deposits across countries
6. Zero setup fee, Zero AMC, No software up-gradation fee
7. Multi-user facility
8. POS applications for various platforms like Android, IOS, and windows.
9. Multi coin wallet
10. Simple and user-friendly interface
11. 24*7 customer support

By considering all the above-discussed factors before choosing and implementing the right crypto payment gateway provider, you can have an immediate and positive impact on your brand’s customer experience and profitability.?

One such crypto payment gateway that meets all the above factors is iPint, which is developed primarily for merchants.?As a secure wallet and decentralized marketplace, being used in over 50 countries, iPint gives merchants access to an international audience.?

If you want more clarity on how the iPint crypto payment gateway works for your business, feel free to contact us!

Social Media Blurbs

1. Are you running an online business? If yes, then take a look at this article to know the benefits of using cryptocurrency as a payment method.??

2.??Reading this article, you will learn the top advantages of how crypto payments can????help grow your business.

3. Are you still running an online business with traditional paying methods? I mean credit, debit, and net banking? If yes, then this article is for you to know why it’s time for you to consider crypto payments for your business growth.