Accepting payments in crypto payments and receiving funds directly to your bank account is too important these days. Do you know how you can accept crypto payments? Do you know a reliable and experienced payment processing company that can help you with this? Just go on reading this article and you’ll get answers to your questions.
Importance of Crypto Payments
Digital currencies are exploding all over the world. There’s an immense interest towards this type of payments. In fact, these are blockchain-based technologies that are attracting more and more people from all around the globe.
All eCommerce stores can use crypto payments as a significant addition. Both big corporations and small enterprises like restaurants and coffee shops are interested in crypto payments. Are you a business owner with an online presence? If yes, providing various payment methods for your customers should make up part of your responsibility. Crypto payment methods should be integrated into your website. This is a great option indeed.
When it comes to the blockchain, it might still be in its early stages of development. The upcoming few years are expected to turn the technology into a dominant force in eCommerce.
Blockchain has been widely endorsed for building a secure and decentralized payment system. The latter makes digital records of every currency unit. Also, this system follows it all through the channel.
Cryptocurrency payments are supported on a blockchain platform. The latter boasts a multi-level encryption to provide safety for your funds. Currently, Bitcoin and Ethereum are the most common types of crypto payments.
By the way, cryptocurrency became the mainstream in 2017 when Bitcoin rapidly rose to almost $20.000 per coin. This resulted in a massive proliferation of digital currencies. The interested towards blockchain-supported technologies grew to an incredible extent.
If you’re a merchant trying to know how you can accept crypto payments, just turn to a reputable payment processor like eMerchantBroker.com. EMB is voted the nation’s top high risk credit card payment processing company. Besides, EMB is rated A+ by the BBB and A by Card Payment Options. With eMerchantBroker.com, be sure to enjoy the lowest rates and the best merchant solutions tailored to your own business needs.
Accept Crypto Payments
Cryptocurrency relies on P2P or peer-to-peer technology. It has a decentralized. This means it’s not backed or regulated by any central bank or government. The reality is that buyers transfer funds directly to sellers. There’s no third party involved in the process.
It’s important to note that the biggest risk of digital currencies is associated with price volatility. That’s the reason why crypto value is too unpredictable. Specifically, Bitcoin was first valued in pennies after the introduction in 2009. In December 2017, it jumped to $19.172 per coin.
As for small businesses, there might be various reasons to accept crypto payments. Being at the forefront of technology is one of these reasons. Another reason is to be able to attract customers who use crypto. Eliminating some kinds of payment processing fraud is another reason as well.
eMerchantbroker.com is proud to be the #1 high risk payment processor in the US, which offers exceptional merchant services, including Bitcoin payments. No cancellation fees. No setup fees. eMerchantBroker.com can set you up with a cryptocurrency merchant account fast and easily. As a result, you’ll be able to accept Bitcoin payments and not only. The integration with your cash registers is seamless.
The so-called “crypto trend” is also expanding into physical stores. This is being realized via Bitcoin-enabled point-of-sale (POS) terminals. Banks and credit card networks are becoming more and more involved. Thus, it won’t be a surprise if digital currencies turn into the mainstream as electronic payments or bank notes in the years to come.
Cryptocurrency is a growing technology. More new users emerge each and every week. It’s quite vivid that the digital revolution isn’t going away anytime soon. Are you considering the technology as either investment or business tool? Well, don’t forget that all actions online carry risks. You protect yourself only by reducing those risks.