A
crypto payment gateway is a company or platform that makes it possible for
merchants to accept payments in cryptocurrencies. It acts as an intermediary
between the merchant and the customer by allowing merchants to accept
cryptocurrency payments without having a crypto wallet.
A crypto
payment gateway also enables merchants to accept digital payments and receive
fiat currency immediately in exchange. The provider takes on the perceived risk
of cryptocurrency payments by using its wallet to facilitate transactions
between merchants and their customers.
One of
the best crypto payment gateway in the world that has precipitated the
enhancement of businesses, both big and small, is FloxyPay.
As a
businessman, crypto payment gateway, especially FloxyPay, can help you
tremendously in galvanizing your business in a number of ways below:
(1) You can make your business transactions
faster and smoother with a crypto payment gateway:
Cryptocurrencies
have no borders, and neither do merchants that use them. No bank accounts or
credit/debit cards are needed to transact. So, users of FloxyPay Crypto Payment
Gateway get paid instantly and from anywhere. Your location does have any
impact on the speed or cost of transactions in any way.
It is
unlike bank payments that need to undergo certain processes before the
transaction is completed. In most cases, payments using crypto payment gateways
are processed in seconds as most blockchains tend to settle cryptocurrency
transactions immediately.
By
using FloxyPay, even payments in Bitcoin and Ethereum that usually take more
time to process can be detected and safely approved as paid even before they
are fully confirmed on the blockchain, significantly reducing the otherwise
lengthy waiting time.
All
these crypto transactions are openly displayed on the public ledger and can be
tracked in real-time.
Using a
crypto payment gateway can help you skip all those hassles and have your transactions
done in just a few minutes. Since there’s no third-party involved, all
transaction amounts go directly into your wallet and can be accessed
immediately.
(2) You can multiply your customer/clientele
base:
Integrating
FloxyPay Crypto Payment Gateway into your business will easily create an
enabling platform for you to target the global market, increase your conversion
rates, and boost your revenue.
In this
process, you reach out to new kinds of customers that prefer cryptocurrencies
over traditional digital payment methods.
FloxyPay
will help you reach out to those who are hesitant in purchasing online due to
security and privacy reasons. Since cryptocurrency encrypts all your
transactions, you can encourage them to buy or avail services from your
company.
(3) You can make your customers/clients enjoy
lower transaction fees and save money:
It is a
well-known fact that traditional payment providers, such as credit card
processors charge merchants a standard 3% or higher transaction fee. However, integrating
FloxyPay in your business cancels out these fees and makes your
customers/clients to spend less in transactions.
The transaction
fees that crypto payment providers charge is several times smaller than what
traditional means of payment charge and, in the best-case scenario, does not
exceed 1% of overall transaction volume.
FloxyPay
charges 0% transaction fee. So, choosing FloxyPay as your payment gateway will
save money for your customers and make them to continue to place others for
your goods and services.
(4) You can get the opportunity of having
wealthier customers/clients:
In
accordance with a study conducted by Forrester Consulting, 40% of customers who
prefer to transact with cryptocurrencies are rich first-timers to the merchant.
Unarguably,
blockchain-friendly customers are giving to spending twice as much money than
those who prefer transacting with credit cards and are more inclined to come
back another time if their experience is positive.
Integrating
FloxyPay as the crypto payment gateway for your business opens an opportunity
for you to have the wealthiest consumers who are more comfortable with
transacting with crypto. When they continue to spend that wealth on your
products and services, it will tremendously push up the overall volume of sales
and revenue.
(5) You can use crypto payment gateway
integration as a marketing strategy:
New
customers will continue to prefer patronizing you just because your company
accepts some of the cryptocurrencies they own and this can be one of your
marketing strategies.
You can
go ahead to advertise your company as crypto-friendly one on a daily basis. It
will equally bring in referrals from your existing customers. In the process,
you make your products and services more accessible to as many people as
possible.
A
crypto-focused approach in marketing and clever use of social media can boost
sales for any type of business that decides to accept digital assets.
By adopting
FloxyPay as a payment platform, you will gain a competitive advantage in the
market and access a new segment of customers that only gets broader with time. FloxyPay
can also help you in getting more exposure to crypto-friendly online shoppers.
In other words, if you use this opportunity wisely, it will pay off sooner
rather than later.
(6) You can help your customers/clients
preclude expensive and discomforting currency swap:
Cross-border
payments via multiple banks through several accounts can get quite frustrating
if currency conversion is involved. It precipitates extra impediments like
delays and additional costs for your customers.
However,
collecting payments using FloxyPay does not involve any cross-currency
settlements, and if it does, it will never cumbersome compared to a headache of
dealing with fiat currency exchange rates and procedures.
(7) You can eliminates chargeback and
rolling reserves: Integrating FloxyPay Payment Gateway in your business creates
the impossibility of chargeback fraud:
Owing to
the fact that all transactions on the blockchain are final by default, you will
no longer have to deal with rolling reserves due to chargeback-related
legislation. These funds can be put to work within the business and serve to
increase revenue.
(8) You can make your transactions more
secured and private:
The
fact that hackers are a threat in the digital space cannot be over-emphasized.
This makes online banking and credit card payments one of the biggest targets
for such malicious acts.
With FloxyPay,
you can make all your transactions more secured and private compared to normal
modes of digital payment. This is because crypto transactions are processed on
blockchain technology that verifies, secures, and enforces privacy on every
transaction.
It also
helps that it is decentralized because that means customers aren’t required to
share their personal data during a transaction. Likewise, each transaction is
encrypted. This makes it impossible for hackers or any third parties to steal
from you or your customers. It can also prevent chargeback fraud.
As the
world is contemporarily transcending from fiat currencies to cryptocurrencies, it
is worthwhile for your business to go along and adapt to the present
environment. With cryptocurrency, your company can face the digital age with
confidence and security.
In order
not to be left by the digital world, the first step in diving into the realm of
blockchain and cryptocurrency is finding the best cryptocurrency payment
gateway for your business.
FloxyPay
Crypto Payment Gateway is the best crypto payment provider you can trust any
day and any time. You will be humongous amazed by just how much it can change
the way you do your transactions with your customers and clients.
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