Benefits of a cryptocurrency payment gateway
Cryptocurrency has become one of the most often heard words today! Due to the development in digital businesses, cryptocurrency has made its name to the highest profitable and advantageous level. However, the value of the cryptocurrency does not remain the same; either it surprisingly goes high or low. These digital currencies can bring both fortune and misfortune.
Since the cryptocurrency market is unpredictable, the best thing is to use a crypto payments gateway. It surely helps you to work with the quick exchange of bitcoin and other altcoins into fiat money. Usually, a cryptocurrency gateway provides fast, reliable, and 100% secure payment services.
If you’re new to cryptocurrency or looking for the benefits of using a payment gateway, you’re reading the right article. In this article, you will get to know all the benefits of a cryptocurrency payment gateway.
1. Support various coins
Crypto payment gateway allows cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Litecoin, Tether, etc. So, businesses can accept coins from various customers. If you’re a merchant, you can easily shift to a cryptocurrency payment gateway to offer incredible payment options for your customers. Since cryptocurrency payment gateway supports various coins, it makes the businesses of two parties quick, secure, and easy!
2. The exchange between many currencies
Cryptocurrency payment gateway is not limited to a few currencies. Many of them permit you to use more than 25 currencies in real-time from a multi-currency balance. Undoubtedly, it is a great way for you to sell or buy currencies that you wish for. Most importantly, a cryptocurrency payment gateway helps you to attract a bunch of customers that you didn’t have before. People who prefer cryptocurrency payments are looking for businesses to do reliable, secure payments without any hassle. So, having a cryptocurrency gateway with many currencies will be a gamechanger for your business.
3. Low transaction fees
Cryptocurrency payment gateways have relatively cheap transaction fees. Unlike old transaction methods, international transactions through crypto are also low. Since no other third parties are involved in the transaction process, the average percentage of crypto fees is 2% to 4%. Hence, by using a cryptocurrency payment gateway, you can do worldwide transactions at a low cost. Also, there are no hidden transaction costs.
4. Easy and quick transaction
Time is really important when it comes to digital transactions. If the payment option you choose takes so long to respond and process a payment, it makes things harder for you! The benefit of cryptocurrency is that the payments are quick and reliable. The transactions can be carried from this part of the world to that part of the world instantly. You can send any amount of money in a minute without any hassle.
5. No fraud, No fuss
If you choose a reliable, 100% secure cryptocurrency payment gateway, there is no fuss at all. Even though, when it comes to digital businesses, we cannot fully agree that there are no frauds at all. However, if you choose the best cryptocurrency payment gateway, your payments are 100% secured. There will be no fraud at all. If you are still unheard about bitspace, check it out! They guarantee you the elimination of chargeback fraud.
6. Irreversible payments
Once you do a crypto payment, the paid amount cannot be reversed. The traditional payment methods like PayPal, bank transfers, credit/debit cards sometimes allow to reverse a payment once an order is placed. This happens when a customer reduces the number of items ordered. If you have already shipped the items, you have to bear the loss of the reversed amount. Luckily, cryptocurrency payment gateway does not allow that. Once payment is done, it is done! There’s no way to change it back!