Today, you can start a business online, create your product and have no worries about payments thanks to crypto business solutions. Basically, using cryptocurrency payments will allow merchants to move beyond geographical and legal limitations. With that, online businesses can expand their customers to people all around the world at no cost. Comparing crypto with banks, digital assets make life a lot easier.
In such case, using a crypto payment gateway far outweighs traditional methods in terms of fees, transaction speed and convenience. Even better, it only takes minutes to set up a payment system for a business using digital assets.
For that, merchants can simply use a payment gateway that accepts and utilizes cryptocurrencies. A crypto payment gateway allows customers to pay with Bitcoin, Tether, Ethereum, DOGE and other cryptocurrencies of their choice. This way, both the customer and the merchant will have a hassle-free transaction that is quick and cheap. On top of that, almost everybody in the world can easily have access to a crypto wallet. This accessibility provides a diverse range of customers that serves in favor of a successful business model.
In this article, we will answer some of the most frequently asked questions about crypto payment gateways and why Nebulox is an ideal platform as a crypto payment gateway.
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.
How Much Does It Cost to Utilize Crypto Business Solutions?
Fortunately, it does not cost anything extra to use digital assets for payments on an online platform. As for the fees, using a crypto payment gateway will enable the customers to pay with crypto. On each transaction, the payment gateway will charge a small percentage of the transaction amount for their services. Bear in mind that the transaction fees for cryptocurrencies are almost always less than using options such as Visa, Mastercard, or even banks. In reality, using crypto assets is the most affordable option for online payments.
Learn more about the Benefits of Accepting Cryptocurrencies
Are Crypto Transactions Complicated to Deal with?
Not at all! Merchants can easily head to their panel on the gateway and will have access to the full records of their transactions. The information on the panel includes transaction amount, date, fees, and other important details. Furthermore, the list can also be imported. In short, startups can have their financial records all in one place. Unfortunately, it is very common for payment gateways to bombard the user with super-complicated data and details of their transactions. Fortunately, Nebulox.io has successfully dealt with this issue and provides a comprehensive yet thorough list.
Are Crypto Business Solutions Prone to Volatility?
Digital assets and cryptocurrencies are volatile assets. However, the volatility has little to no effect on an online business. Essentially, what happens in a transaction is that the customers send in cryptocurrency of their choice though the payment gateway. Then, the gateway stores the assets in the merchant’s wallet. However, if for example a customer pays with Bitcoin, the merchant has the option to ask the payment gateway to convert BTC to Tether or other stablecoins before storing it in their wallet. Therefore, all assets are safe from volatility.
Do I Need a Specific Crypto Wallet for Crypto Business Solutions?
In general, transferring funds between multiple wallets can cost extra fees for a transaction. Payment gateways usually provide their own crypto wallet or a third part option such as Metamask. With the decline of Metamask, it would be hard to trust similar wallets. In order to deal with that, Nebulox has created their own wallet available for merchants. The Nebulox wallet utilizes the very best security protocols and provides immediate access to funds for merchants. Better yet, the merchant is free to transfer as much as their funds at any moment. With that, they can either use Nebulox wallet to store their assets or immediately move them into cold storage.
Do I Have to be a Crypto Expert to Use Crypto Business Solutions?
Basically, there is no need for advanced knowledge on digital assets in order to use them for payments. A crypto payment gateway operates the same as any other gateway.
These days, it is actually super-easy to cash out cryptocurrencies. However, Nebulox does offer other conventional options such as PayPal, Visa and Mastercard to better fit the needs of their partners.
Is There a Downside?
As a business owner, there is actually no significant downside to accept crypto for payments! This is a feature that does not cost anything extra yet expands the diversity of customer base. Perhaps, in specific cases, merchants will have difficulty accepting PayPal payments or international banks transfers. In that case, using cryptocurrencies as payment may be their only option.
