What are the benefits of cryptocurrency payments?

Cryptocurrency payments are quick, easily accessible, and offer multiple benefits for both users and merchants.

1. Lower commissions and processing fees
Despite crypto payment fees being dependant on the demand and vary accordingly, median transaction costs for crypto payments are significantly lower than traditional payment methods. We estimate credit card/debit card/PayPal commission around 3% for all transactions. With bitcoin, you would experience an average of 1%

Similarly, if your business operates on a global scale, crypto payments and payouts can help reduce international currency fees.

2. No fraudulent chargebacks
Cryptocurrency payments are irreversible and thus provide your business increased security by removing the risk of fraudulent chargebacks.

3. Quicker transactions
Cryptocurrency transactions can be completed in a matter of minutes, no matter the location of the sender and receiver.

4. No price volatility
Accept crypto payments and receive settlement in your local currency, transferred directly to your bank account without any volatility risk.

5. Reach new and more customers
The demand for crypto payments is on the rise. By accepting cryptocurrencies as a form of payment, you will also be able to tap into the spending power of 300+ million crypto wallet owners worldwide.

There are just some of the many benefits of accepting crypto payments. Feel free to read our blog article about Bitcoin Payment Benefits to discover more.

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