How do crypto payments work (customer’s and merchant’s views)dredin
There is no solution equally useful for both sides – such a myth is rather widespread, penetrating the world of business as well. Crypto payments prove that both merchants and customers can enjoy the innovation and experience some revolutionary pros. Let’s dive into the process deeper to understand why today’s companies are looking for effective solutions to how to get crypto payments.
Crypto payments from the viewpoint of a merchant
First and foremost, this payment option broadens your horizons essentially, as more than 300 million crypto-holders globally may purchase your goods or services. They need no bank accounts, enjoying the opportunity to buy everything they want in several clicks.
The next beneficial advantage lies in low fees. Business owners understand they spend a lot on fees and commissions. Even credit/debit cards charge you up to 3%. A crypto payments platform (provider) charges about 0.5%, making this option much better from the viewpoint of a merchant’s profits.
This payment option is irreversible which means a customer cannot cancel a transaction after the confirmation.
What is the principal obstacle for merchants? Most business owners are afraid of volatility, as the market constantly undergoes ups and downs. Such a problem truly takes place but stablecoins solve it – accept assets pegged to fiat currencies (e.g., USDT). The lack of knowledge is one more problem. How to accept crypto payments on website? Reliable providers help merchants integrate this revolutionary option. For instance, B2BinPay enables business owners to accept 800+ digital currencies.
Crypto payments from the viewpoint of a customer
While talking about merchants, everything is clear, and what about customers? Are digital currencies hailed by your clients?
Crypto payments make bank accounts useless. Open a crypto wallet, make a deposit, and send your digital currencies to pay for goods and services. Furthermore, no limits are set. Fiat transactions are limited and strictly controlled in most countries, and nothing like this happens in the crypto market.
Smart contracts guarantee that all the conditions are going to be fulfilled. Customers send digital currencies and get goods or services instead. Crypto payments protect your clients as well.
Where to integrate the solution
As such, cryptocurrencies as a payment option protect both sides and enable merchants and customers to get a string of profits. The number of crypto payment companies skyrockets but it is still hard to find a provider that meets all your expectations.
B2BinPay makes the entrance door into the crypto world broad enough so that all merchants and enterprises could join the fast-growing trend. Qualified specialists connect your website to the processing API, being responsible for all the settings.
Don’t wait for your competitors to overrun your company. Experience the future today!