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Information that may interest you

How cryptocurrencies can benefit your business

Compared to traditional payment channels, accepting cryptocurrencies offers numerous advantages, including lower transaction fees and attracting new customers that were previously inaccessible.

Every credit card swipe incurs a simple fee, ranging from 1.5% to 3.5% of the transaction value. For small businesses, these fees can gradually add up to a significant amount. In addition to credit cards, major payment gateways like PayPal charge fees of up to approximately 4% per transaction. On the other hand, cryptocurrency payments typically require much lower processing fees - usually around 1% if your business uses a cryptocurrency payment partner.

Customers who wish to pay with cryptocurrencies will not need a bank account or credit card to purchase your products. This means your business can reach cryptocurrency users worldwide who do not have bank accounts or have limited access to traditional financial services.

The process may seem complicated at first for new business owners in the world of cryptocurrencies. For example, using a poorly designed API can hinder your daily operations, while some service providers impose high transaction fees that may negatively impact your returns.