How To Accept Crypto Payments At Your Business

Traditional payment in the century we live in can be really limited. Political and geographical restrictions, add to that the slow speed of bank transfers that can take days or weeks depending on your bank and other factors, and this can be a problem if you have an online business.

If I tell you that there is another solution that will at the same time give you the safety of the bank and traditional payment system without the inconvenience that goes with it. Will you believe it? This solution is Cryptomus and cryptocurencies.

In this article, I will show you how to master the power of Crypto and use it to make more money.

Why Does a Business Need To Start Accepting Payment In Cryptocurrencies?

Integrating Cryptocurrencies into your business opens a complete world of new opportunities and advantages that will considerably improve the way you sell and make money, as was the banking system a revolution in its own time; cryptocurrencies are the revolution of our century. Here are the main advantages of the crypto integration:

• Global Accessibility and Reach: Crypto integration makes it easier to sell things to people all over the world. You don't have to worry about different countries' money or extra charges for changing money​.

• Reduced Transaction Costs: When you use cryptocurrency, you often pay less in fees than with regular bank or credit card payments. This means both you and your customers can save money on each sale​.

• Enhanced Security: Paying with cryptocurrency is very safe because it uses special security methods that are hard to break into. This keeps both your business and your customers' money more secure​.

• Fast and Efficient Transactions: Payments with cryptocurrency are processed very fast. This is quicker than traditional ways of paying, as they can take a long time because of the bank system. Faster payments mean you can get and send products more quickly​.

The Acceptance Of Crypto As a Business Is Increasingly Considered As a Means Of Payment

There are more than 25,000 merchants and ATMs worldwide accepting crypto for financial transactions. Back then, in 2016, there were only about 7.6K objects supporting digital currencies. This indicates a positive trend. Companies need to integrate crypto gateways to become a part of a movement.

Even though there are a lot of differences between crypto and fiat, paying in crypto is very similar to paying in government currencies:

1. The company sets the currency for accepting incoming payments.
2. A client pays in crypto at the current exchange rate.
3. The crypto processing system will convert funds into the currency needed.
4. The cryptocurrency will be withdrawn to a bank account.

Online companies are making the most profit out of crypto payments, but it doesn’t mean that owners of “physical” shops are not able to integrate this payment tool into their business, either. It’s possible to integrate crypto payments into any type of business. Below, we will tell you more about how to accept crypto payments as a business.

What Is Special About Paying With Cryptocurrency?

Paying with cryptocurrency offers several unique features and advantages compared to traditional payment methods like credit cards or bank transfers. Here are some of the key aspects that make cryptocurrency payments special:

• Lower Transaction Fees: For many cryptocurrencies, transaction fees can be lower than those charged by traditional banks, especially for international transfers.

• Speed: Cryptocurrency transactions can be significantly faster, especially for cross-border payments.

• Accessibility: Cryptocurrencies can be accessed by anyone with an internet connection, providing financial services to people in areas without access to traditional banking.

How Is Cryptocurrency Payment Made?

Cryptocurrency payment can be made the same way as the payment with a card is made, thanks to Cryptomus, which offers you various integration methods adapted to your website or your business. Here are some of them:

• API integration: Cryptomus offers an API integration that can be easily made using our API documentation.

• Plugin integration: Cryptomus offers many plugin integrations for various CMS such as WordPress, Woocommerce, Shopify, and many others.

• White Label Integration: The Cryptomus White Label is an integration that will allow you to create branded forms or payment buttons using the Cryptomus system but with your own brand name and design.

• Bot, Links, QR codes: This integration is the most simple and consists of generating invoices in the form of links or QR codes that can be easily integrated into your bot or payment system, and your clients will just click on the link or scan the QR code to make the payment.

With all these integrations, Cryptomus offers additional features such as autoconversion that resolves the main problem of cryptocurrencies, which is the volatility and the fact that the price of your crypto can go down or up in a short period of time.

Cryptomus auto converter converts all the payments you will receive in various cryptos to a stablecoin, crypto indexed to the USD, protecting the value of your assets, and it also offers low fees compared to other similar platforms. Read this if you want to know more about Cryptomus fee.

What Cryptocurrencies Are Available For Payment?

Cryptomus supports various Cryptocurrencies. Here are some of them: USDT, AVAX, BCH, BNB, BTC, BUSD, DAI, DASH, DOGE, ETH, LTC, MATIC, SOL, TON, TRX, USDC, VERSE, XMR.

To add new cryptocurrencies on Cryptomus, you just need to make a demand, and Cryptomus will add it for you.

Who Benefits From Connecting A Cryptocurrency Gateway?

Crypto payments are suitable for every type of business, from the smallest businesses to large ones. The main advantage of this kind of payment is its security and full control of financial operations.

How To Accept Cryptocurrency As A Business?

Accepting cryptocurrencies was a difficult process, especially for managing transactions, security, and 100 other problems, but that was before Cryptomus, which acts exactly as a middleman between you and your clients, allowing you to integrate crypto payment systems in a secure, easy and fast way. Here is a step-by-step guide:

• Create an account: Go to Cryptomus and create your account using an email or a phone number or directly using your Google account; once the account is created, the first thing to do is to pass the KYC identification test and enable the 2FA.

• Choose your integration: As I explained before, Cryptomus offers several integration methods; choose the one that will fit your needs and read the documentation that comes with it to integrate it step-by-step. If you face any problem, you can contact the support team that will be happy to help you till your integration is complete.

• Test it: Once the integration is complete, make some payments and test the interface of payment, and once everything is ready, get familiar with the additional features, such as the auto converter, the invoice, and the price system for your invoices.

• Make the announcement: Once the test is made and everything is working well, tell your clients about this new feature you integrated and start receiving payments in cryptos.

Thank you for reading this article. We hope you enjoyed it. If yes, leave us a comment below and share with us your thoughts about cryptocurrency integration.