Being a reputed business owner, it is your responsibility is to
ensure that you offer different forms of payment for your clients and
customers among Online Payment Solutions, UK. It also includes some newer forms of payment, like accepting cryptocurrency.
Yes, Cryptocurrency has been making a splash in recent years as the
future of payments. Major companies such as Microsoft now accept it as a
form of payment, few of the New York City schools also now accept it as
tuition payment, and Bitcoin alone has risen nearly 900% in two years.
Not only big firms but many small businesses – like restaurants and
coffee shops – have also begun accepting cryptocurrency as a form of
valid payment. These points suggest that cryptocurrency is going to
stay.
As one benefit, cryptocurrency has lower per-transaction fees than
accepting credit cards and debit cards. Well, it’s no secret that small
businesses are getting creamed by processing fees, so accepting
cryptocurrency can help relieve the pain.
With credit and debit, you’re looking at at least 3 percent
transaction fees plus multiple hidden fees. Meanwhile, with a
cryptocurrency like Bitcoin, it is said that merchants can reduce their
fees to less than one percent.
The Cryptocurrency Processing added
layer of security a time when criminals are getting better at hacking
small businesses to get customer financials, hence it can give everyone
peace of mind.
Other than that, the huge part of the appeal of accepting
cryptocurrency in your business is fraud protection. The clients and
customers don’t need to give you personal financial information with
cryptocurrency.
Unlike other forms, the only difference here is that the third party would be sending and receiving cryptocurrency like Bitcoin.
Looking for one payment processing company for your business? Contact
PurePay. It is one of the best secure payment processing companies in
the UK. They also offer Merchant Credit Card Processing to merchants for their businesses.
For more information, visit- Purepay.eu