Today, it makes so much sense to use Bitcoin for Business. Accepting cryptocurrencies as payment has gained a lot of traction over the past few years. Practically speaking, crypto transactions are super quick, hassle free and considerably cheaper. On top of that, the younger demographic of customers are now very likely to hold cryptocurrencies. With that, enabling Bitcoin for Business is essentially a no-brainer! For one, it doesn’t cost any significant amount of money to enable a crypto payment gateway on a website. This is something that can be done online in only a matter of hours. In return, accepting crypto assets will curb all the payment barriers that stand between the business and its customers. In this article, we will go over why it’s actually crucial to utilize Bitcoin for Business as an approach that has little to no downsides.
Break the Barriers!
Considering conventional methods, there are an overwhelming amount of regulations regarding payments and transfers. Unfortunately, making international bank transfers are simply a nightmare to go through. Therefore, merchants will have to rely on digital assets and payment processors like PayPal to accept transactions from customers outside their own country. While industry titans such as PayPal do an amazingly reliable job, their regulations and limitations are still far from perfect. With all the strict KYCs, deposit and withdrawal limits and perplexing rules, transactions take time and cost bigger fees.
Enter the Bitcoin, a decentralized asset that enables instant payments with ridiculously low fees. Furthermore, BTC does not discriminate and allows everybody with access to internet and sufficient funds make limitless transactions. With all that, Bitcoin for Business is a dream come true for all merchants.
Less Fees, Bitcoin for Business Pays More
While transaction fees are seemingly small, the numbers will start to add up at some point. For instance, PayPal charges a 4.4% fixed fee on international transactions. However, As of January 2023, the average Bitcoin transaction fee is at $0.86. Keep in mind that BTC transaction fees may vary due to network congestion and what exchange you may be using. Yet, it is almost certainly a whole lot more affordable to accept Bitcoin for business. As a merchant, saving money on transaction fees and improve the financial efficiency in the long run.
It’s Super Easy to Accept Bitcoin
As we speak, all it takes for an online business to enable Bitcoin for Business is a crypto payment gateway. Basically, a crypto payment gateway is just like an online gateway but the only difference is that they support Bitcoin and other cryptocurrencies. Setting up a payment gateway will allow the merchant to accept crypto assets and be able to withdraw the assets at any time without any limitations.
What’s the Catch?
Automatically, when someone hears about Bitcoin, they will think of the volatility. As a volatile asset, BTC price can go up and down at any moment. With that, merchants will not be able to trust their assets as they could potentially lose value. Fortunately, Nebulox.io has a perfect solution for this shortcoming. Using Nebulox, the merchant has the option to automatically convert BTC payments into stablecoins such as USDT and USDC upon arriving in their exclusive wallet. Subsequently, all assets are then safe from the volatility.
Nebulox.io
Nebulox is a payment gateway platform that supports a variety of digital assets including cryptocurrencies. Nebulox allows the merchants to receive funds through a super secure gateway in only a few minutes. Plus, merchants will have the option to automatically have their assets converted to stablecoins to avoid market volatility. And of course, all that comes with 24/7 online support. Get paid anywhere, anytime, with the currency of your choice.
