Advantages of Using Cryptocurrency Services for Merchants
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:
✔ 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.
B2BinPay Crypto Payment Solutions
B2BinPay is a global cryptocurrency payment system which enables businesses to send, receive, store, exchange and accept cryptocurrency (Bitcoin, Ether, Tether) payments online, safely, securely and cost-effectively across the world, wherever they are located. The solution has a wide user-base including Forex brokers, cryptocurrency exchanges, hedge funds, online stores and other merchants who use it to process cryptocurrency payments.
If you are looking for a merchant account, with B2BinPay merchants can offer their clients a vast number of coins as a payment option and includes a comprehensive range of tools and features such as low processing fees, no recurring fees, no hidden charges, real-time balance/transaction history, downloadable reports and secure checkout. Both crypto/crypto and crypto/fiat withdrawal methods are available.
B2BinPay also offers a solution for Enterprises. The Enterprise wallet for business solutions helps Enterprise clients receive, store and send a wide range of virtual currencies such as Bitcoin, Ethereum, Ripple and Monero. Global transactions between parties are possible for a low percentage of the cost of traditional processing solutions. B2BinPay also offers a range of features with commission rates starting at 0.5% – recognised as one of the lowest fees in the industry. It is a highly sought-after solution by Enterprise clients thanks to its high automation and transaction speeds of less than 20 seconds.
Reasons to Choose B2BinPay
Accepting Bitcoin and other cryptocurrencies is not only straightforward with B2BinPay, users can also take advantage of a whole range of features geared up to their specific type of business:
✔ Enables Global Cryptocurrency Transactions
✔ Merchant & Enterprise Account Types
✔ Lowest Industry Fees
✔ Ability to Convert Cryptocurrencies
✔ Crypto-Crypto and Crypto-Fiat Withdrawals
✔ Over 888 Coins, Tokens and Stable Coins Available
With ease of use, a multitude of features, a high degree of automation and transaction speeds of under 20 seconds, this method of payment not only compares favourably with analogue payment gateways, it is a solution that is easy to set up. Integration of the B2BinPay platform is actually feasible in under one hour via a single API.
Contact B2BinPay today and offer your clients a low-cost solution that is undeniably the best cryptocurrency payment gateway in the market today.