As we explore the full potential of web3, we can see how it has the ability to revolutionize the eCommerce industry. With many businesses adapting to new transaction norms, cryptocurrencies have become a crucial tool for progressive enterprises. CryptoProcessing.com aims to integrate crypto payments.
This guide delves into leveraging this platform to stay ahead in the game.
Cryptocurrency and modern business
The rise of Bitcoin (BTC), a 173,000% surge between 2015 and 2023, is a testament to the popularity of a next-generation financial system, further catalyzing user adoption.
But why could this be? Transacting on the blockchain can open up global opportunities for users without the limits of a centralized system.
Transactions are cheap, quick, and convenient – old proof-of-work consensus mechanisms are being traded out for more energy-efficient proof-of-stake, layer-2 scaling solutions, and a range of easy-to-use exchanges and wallets that flatten out the web3 learning curve. As such, crypto adoption is rising across the board.
The writing is on the wall; as such, the crypto demographic isn’t just vast, with over 420 million users; it’s educated, middle-class, and solvent, with 71% of users holding a bachelor’s degree or higher.
For businesses, this can represent a range of opportunities for immediate gains, sustained growth, and relevance in the evolving financial landscape.
What’s in it for the merchants?
Aside from the PR aspect, being able to tap into the large, solvent demographic that is the crypto user, there can be more unique opportunities for the merchant.
For example, crypto processing solutions such as CryptoProcessing.com offer fees often over five times cheaper than those charged by fiat payment processors such as Visa.
Without intermediaries, fees may be reduced to <1%. Moreover, security is enhanced with the blockchain, which is decentralized, transparent, and immune to various fraud types, such as illegitimate charge-backs.
Besides the higher speed of international transfers, this makes opening a service or product offering to the global market easier.
Merchants can forget about waiting through lengthy settlement periods and suffering abysmal transaction approval rates.
CryptoProcessing.com: what it offers
When choosing a crypto payments provider, there’s no need to settle for any less than the best – especially when it is one of the best-priced.
CryptoProcessing by CoinsPaid offers a gateway for Bitcoin payment processing and provides a robust business crypto wallet.
As a payments provider, they have been working with cryptocurrency for over nine years, have serviced over 800 merchant accounts, and process over €700 million in crypto monthly.
Multiple awards further recognize their leading position: CryptoProcessing.com was chosen as the “Crypto Payment Provider of the Year” by the SiGMA Awards Ceremony, as well as the “2023 Cryptocurrency Service Provider” by annual EGR B2B awards.
CryptoProcessing.com supports over 20 cryptocurrencies, including BTC, Ethereum (ETH), USDT, and 40 local fiat currencies. It lets merchants keep crypto off their books and conveniently withdraw funds directly to the bank account.
The service offers free-of-charge integration and onboarding and does not require any special knowledge or skills in crypto. Dedicated managers and 24/7 technical support translate into a smooth checkout experience for merchants’ end users.
From a regulatory angle, CryptoProcessing by CoinsPaid is an EU-licenced cryptocurrency provider, allowing businesses worldwide to accept Bitcoin payments legally. The company regularly passes independent financial and security audits, ensuring safe and secure environments for clients.
Combining their transaction volume with security measures and recognition, CryptoProcessing.com has established itself as the go-to solution for businesses seeking to tap into the crypto market.
Companies Already Embracing Cryptocurrency with CryptoProcessing.com
CryptoProcessing.com works with companies from various industries, making the platform suitable for any business model. Mirai Flights is a company that provides private jet services to clients in Europe and the Middle East.
They partnered with CoinsPaid earlier this year to offer cryptocurrency as a payment option. Thanks to this integration, Mirai Flights has seen a 30% increase in revenue. By embracing crypto payments, Mirai also saved up to 75% in fees and observed that 10% of their frequent fliers switched to cryptocurrencies.
The global reach and instantaneous nature of crypto payments have enabled Mirai to broaden its customer base and cater to clients who require swift flight bookings.
CryptoProcessing.com also has vast experience in iGaming, the leading industry in terms of crypto payments adoption. Some of their clients include mBit Casino, Play Amo, Red Star, and True Flip.
The future is now
The world is rapidly moving towards a decentralized financial ecosystem. Cryptocurrencies are a trend and a shift in how transactions will be conducted.
Businesses need to adapt, and platforms like CryptoProcessing.com make this transition seamless.
Adapting to changes is often considered a sign of a successful business. With CryptoProcessing.com, businesses can embrace the changes and set themselves up for a future where they can thrive, lead, and set new standards in the digital economy.
Integrating with CryptoProcessing.com is quick. Interested businesses can leave a request on the company’s website, and a manager will contact them within five minutes to schedule a meeting, explain the system’s workings, and answer all their queries.
Based on the business model and payment needs, CryptoProcessing.com will prepare a personalized offer and guide the businesses through the integration process. Once set up, businesses can start accepting numerous cryptocurrencies, enabling them to offer more payment options and improve the checkout experience.
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