Business strategies are increasingly improving with technological growth. Customer needs, including the convergence of multiple payment systems, have to be considered in order to stay competitive. The payment of products and services with cryptocurrency is one of the common ways which has emerged relatively recently and is growing.
In recent years, digital currency, particularly among young people, has become increasingly popular. Professionals of big business today accept payment cryptocurrencies such as: Microsoft, Amazon, PayPal, KFC (in Canada), Shopify, Expedia, Greitai, Playboy, U-Bahn, Shopify, Virgin Galactic and many more.
What is Bitcoin?
It’s a kind of digital cash cryptocurrency. They are concerned primarily with online transactions and use encryption technologies to safeguard and validate payment transactions.
Cryptocurrencies primarily feature the absence of an external and internal administrator. There are also no impacts on the activities carried on within the payment system of the tax and judicial authorities, conventional financial institutions.
Bitcoin, developed by Satoshi Nakamoto in 2009, is the most popular cryptocurrency. While bitcoin is used most frequently to make payments, other common cryptocurrencies do exist. Some of them were linked to developers’ willingness to correct bitcoin deficiencies.
What is a merchant account for cryptocurrency?
Besides the obvious need to grow a company and take account of customers’ needs, there are many explanations why the acceptance of cryptocurrency as a payment will be advantageous to you.
Thanks to its decentralized payment system, transaction information is forwarded directly online to the seller, both free of hidden fees and without the participation of third parties.
For both sellers and buyers, protection is one of the main benefits. More protection during transactions and reduces the risk of identity theft and fraud is accomplished by multilevel encryption technologies.
Using bitcoin, you should forget about refunding high-risk businesses.
The processing fees for cryptocurrencies are less than the processing fees for a credit card processing.
Both in a separate state and around the world, cryptocurrencies are recognized. There are also speedier transfers without extra international payment fees.
A further important factor is customer loyalty. The processing of cryptocurrencies can help to distinguish itself from competitors and attract new buyers and also provide a large audience.
Do you want to link your company with a Crypto-Merchant account?
The risks associated with market fluctuations, real-time processing problems and financial institutions’ unregulated digital currency make it difficult to find an enterprise to open high-quality trading accounts.
eMerchant Pro provides corporate high-risk merchant account to the firms like bitcoin. We have a broad network of bank acquisitions and deep experience in business and have comprehensive solutions for market accounts, including a stable payment gateway for cryptocurrency and an outlet terminal for both physical and online payment acceptance. Our team offers customer service 24 hours a day. eMerchant Pro provides a payment portal for the purchase of a debit or credit card for active internet users.
What are the advantages of having a Bitcoin Merchant Account?
More and more companies are attempting to add Bitcoin and other cryptocurrencies as payments as the amount of global online payments continues to grow.
The rising pace of adoption of cryptocurrency in many industries has had tremendous implications as businesses try to hold to the crypto-revolution. Of course, the more people choose to buy online products and services, the bigger the more they become online.
Higher prices for purchases
Payment undertakings for credit cards typically charge 2 to 4% on average. Crypt-currency transactions cost even less than a percentage of the transaction, as the sum is low flat charge.
Receive new clients
If the popularity of cryptocurrency increases, more consumers pay for crypto and search for participating companies. This will carry a fresh wave of consumers to a company they hadn’t before.
As in conventional payments, there are no third parties involved in the transaction. The transaction sum will be entered into your wallet after payment has completed and can then be accessed instantly. After each transaction or other custom schedule, you can convert your cryptos into your chosen fiat.
Eliminate fraud against chargeback
Transactions in cryptocurrencies are irreversible. The money goes straight on to your accounts after a customer has completed a payment for a product or service. Costs can’t be reversed as opposed to credit card charges.
Secure and safe
The added advantage is that payments are both simpler than conventional payment systems and less vulnerable to fraud or scam.
With these advantages, every online company has strong chances and it is easy to see why the number of companies looking to provide crypto-monetary services is increasing. If your organization is prepared to take advantage of cryptocurrency adoption, a range of providers of crypto-currency payment solutions may help process payments. It is a global cryptocurrency payment system that allows companies to send, accept, store, exchange and accept online, safe, stable and cost-effective cryptocurrency (Bitcoin, Ether, Tether). The solution involves Forex traders, cryptocurrency exchanges, hedge funds, online shops and other retailers using it for processing payments in crypto currency.