Accepting Crypto to Enhance Your Business

Reasons To Accept Crypto As Payments For Your Business

The growth, value, and adoption of cryptocurrency have caused banks, businesses, governments, and individuals to take notice. As crypto transactions and digital payments continue to grow, cryptocurrency payments could eventually become the standard form of transacting value.

Large banks and other financial institutions are continuously adopting cryptocurrency into their business models. There are also thousands of brick-and-mortar and e-commerce businesses that accept cryptos (like Bitcoin & Ethereum) from customers.

In Japan alone, over 250,000 businesses already accept Bitcoin!

So, why should you integrate crypto into your business?

There are a number of reasons why you should as soon as possible, including:

Who uses crypto as payments?

Millennials opened 67% of digital wallets followed by Generation X with 51%. The growth rate of crypto and the adoption of blockchain is only growing.

Benefits of Accepting Crypto As Payments

Lower Fees

The average business can pay up to 3% on credit card processing fees alone. Many third-party companies commonly charge additional fees simply for using their payment gateway.

However, since cryptocurrency is decentralized, meaning there are no middlemen or third party companies, the transaction fees are minimal. By accepting crypto payments, merchants can decrease their transaction fees to less than 1.5%.

Compared to the average credit card processing fee of 3%, you can save up to 50% of your transaction fees!

More Secured Transactions

Crypto transactions are processed on blockchain technology, where each and every transaction creates a block that is verified, secured, and enforced. This protects businesses from chargebacks because customers need to show proof of funds before the transaction is completed. The transactions are also encrypted, so both parties can be assured that there are no third parties that can access the transaction information.

Quicker payments

Traditional payment methods such as wire transfers can take up to several days to complete, whereas cryptocurrency transfers are usually quick and take a few minutes.

Enter the Global Marketplace

International transactions and cross border settlement become much easier by minimizing the cost and time involved in processing them. This makes your business more attractive to many digital currency holders across the world.

From gaming to retail, there are a number of industries already benefiting from accepting crypto payments.

Simple Integration

Setting up your payment gateway is much easier than you think. Contrary to what most people believe, you do not need to have coding, developing, or even blockchain knowledge to integrate a crypto gateway into your online business.

Most companies offering payment gateways, such as Shift Markets, can help integrate a payment gateway API into the backend of your website.

Shift Into Crypto With Our Crypto Payment Gateway

Shift Markets offers a crypto payment gateway with competitive rates that can be seamlessly integrated into your e-commerce store or business.

Key features of our payment gateway include:

• The ability to handle multiple payments
• Online Payments
• Direct bank deposit
• Two Factor Authentication
• Integrated Wallet App
• Mobile Optimization
• National currency settlement
• Email, mobile, and server payment notifications
• Web-based checkout

Talk to us today to demo our product with one of our professionals