What are the benefits of cryptocurrency payment gateway development?

What are the benefits of cryptocurrency payment gateway development?

Moses      

As the number of global online payments continue to rise, more and more businesses are seeking to add Bitcoin and other cryptocurrencies as a payment method.

The increasing rate of cryptocurrency adoption has seen huge repercussions across many business sectors as companies strive to keep up with the crypto revolution. Needless to say, online payments have become big business as more people choose to purchase goods and services online. Market data reveals that the online shopping market alone is expected to hit $4 trillion USD this year, attracting more cryptocurrency companies to the sector and making the global adoption of cryptocurrencies a reality.



As a result, more and more businesses now accept Bitcoin payments and cryptocurrency payment solutions are more in demand than ever as they offer a borderless, transparent and secure way of processing payments. Whatever your line of business, employing Bitcoin and other cryptocurrencies as a payment method offers the following benefits:

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✔ Lower Transaction Costs

Credit card payment companies usually impose an average 2 – 4% fee. Cryptocurrency transactions cost much less with the amount being a low flat fee rather than a percentage of the transaction.

✔ Attract New Customers

As cryptocurrency rises in popularity, more users are looking to pay in crypto and are seeking out participating businesses. This can bring a business a new influx of clients that they didn’t have before.

✔ Immediate Availability

There are no third parties involved in the transaction as there are with traditional payments. Once the payment is successful, the transaction amount goes into your wallet which can then be accessed immediately. You can then convert your cryptos into your chosen fiat at the end of each transaction or other customised schedule.

✔Eliminate Chargeback Fraud

Cryptocurrency transactions are unchangeable. Once a client has completed a payment for a product or service, the money goes straight into their account. Unlike payments by credit card, charges cannot be reversed.

✔ Safe and Secure

There is the added benefit of payments being safer as well as less vulnerable to fraud and DDoS attacks than traditional payment systems.

With these advantages, there are clear opportunities for any online business and it’s easy to see why the number of businesses looking to offer cryptocurrency services has soared. If your business is ready to reap the benefits of accepting cryptos, there are a number of cryptocurrency payment solution providers that can help with payments processing. B2BinPay has emerged as one of the market leaders in this space and is now a highly popular and in-demand btc payment gateway.


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