Generally, online payment gateways allow users to create and manage payments. Unlike common bank payment gateways, cryptocurrency payment gateways are based on Blockchain technology, and by using this technology, it would be possible to pay for all services, goods, and different stuff via the internet and with different cryptocurrencies like Bitcoin, Ethereum, or Counos Coin. By creating a payment gateway, you will be able to receive cryptocurrencies from users and customers from all over the world and offer your services in exchange. Given the wide range of cryptocurrency trades, the existence of crypto payment gateways can be very beneficial for online shops all over the world. However, since the cryptocurrency technology is new, it is possible that using crypto payment gateways would be confusing for many businesses. By offering exclusive payment gateways for your online shops, we will connect you in the safest way to crypto payments. The existence of crypto payment gateways can have many advantages.
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Unlike fiat money, the trades of many cryptocurrencies take place in the moment. For example, Bitcoin miners do the mining process of Bitcoin in 10 minutes. But other cryptocurrencies like Ethereum will be able to perform the trade in 20 seconds. This means that you will be able to complete a trade via an encrypted payment gateway in less than 10 minutes.
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When customers make their payments by other currencies, it is possible to cancel the payment due to bank issues, and they will be able to get a refund on their amount. This makes businesses sustain many losses. By using cryptocurrencies and crypto payment gateways, trades are done completely; this means that if the customer pays the cryptocurrency for the indented product, the amount will not be refunded. Also, the possibility of fraud and scam is eliminated, and you will be able to sell your products with more ease of mind.
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Many businesses that use credit cards, due to the existence of fees are not happy with this payment method. The more amount of payment, the more fee will be paid to the banks. But the incredibly low amount of fees of cryptocurrencies makes businesses lean toward them even more. In many cases, the fee of cryptocurrencies can be one-tenth of the fee of banks or even less. In order to connect to the crypto payment gateway, contact us.
