Cryptocurrencies are becoming more widely accepted. Bitcoin, in particular, has become a familiar way for customers to purchase goods or services over the internet. When looking at becoming a bitcoin merchant, there are many exciting highlights to look forward to. Here are a few reasons that accepting cryptocurrencies will help your business grow and succeed.
Saving you money
With typical transactions, you can expect to pay a percentage of your transaction as a bank charge. With Cryptocurrency transactions, you can expect to pay much less with the amount being a low flat fee rather than a percentage of the transaction because they are decentralised. This means they do not need bank verification.
2. New Customers
Cryptocurrency users will actively seek out participating businesses. This can easily set you apart from your competitors, and you may gain customers who previously may not have utilised your services. Keeping up with the times as a revolutionary merchant will only take your company from strength to strength.
3. Available immediately
In today’s world of instant gratification, there is nothing more satisfying than the customer making a payment that reflects instantaneously. There are no third parties with cryptocurrencies, meaning that there is no waiting period for verification.
4. Eliminate Chargeback Fraud
Cryptocurrency transactions are unchangeable. Once a client has completed their payment for a product or service, the money goes straight into the intended account. Unlike credit card payments, charges cannot be reversed. There is no way that friendly fraud can occur, ensuring no surprises with reversal of payments
5. Safe and Secure
There is the added benefit of payments being safer as well as less vulnerable to fraud and DoS attacks than traditional payment systems. This will also save you on more advanced security software.
As a company, it’s important to be ahead of the game when it comes to your technical financial dexterity. It automatically brands your company as reputable and your customers will continue to have faith in their dealings with you.
Don’t let the cryptocurrency trend pass you by. Get in touch with Octapay’s Bitcoin experts today and see how we can help your business grow in profits and gains exponentially.