Acquiring for a cryptocurrency seller
According to the facet of formation and also improvement of technologies, the methods of doing business are regularly changing. This also affects the methods of extracting payment for the realized product or offer.
Those times have passed when it was possible to pay for goods/services with only one method – cash. Together with the emergence of the Internet, the technological processes of Internet acquiring began to improve, if the payment of a product is made remotely with the support of pos-terminals or payment gateway of the payment concept provider.
As a consequence, the consumer is provided with several payment alternatives, differing as well as according to the technological processes of transferring funds to the merchant, as well as according to the type of funds themselves. This can be as well as fiat money that is written off together with the game of cards, as well as electric means, as well as cryptocurrency.
Having arisen relatively recently, it is she began one of the most common payment configurations. And also its popularity is regularly increasing. Without exception, more and more people pay for all without exception the latest and newest products.
The numerical monetary unit began to be in demand among the younger generation, which in the power of its year strives for the whole new, innovative.
What is cryptocurrency?
Cryptocurrency is a numerical payment concept that does not depend on banks to prove transactions. It is a peer-to-peer concept that allows every person in every area to send as well as receive payments. Instead that, to be physiological means, that are borne together with themselves and also change in the present society, cryptocurrency payments are available only in the version of numerical records in the online database of information, outlining certain transactions. When cryptocurrency money is transferred, transactions are recorded in a public ledger. Cryptocurrency is in numerical wallets.
Cryptocurrency has acquired its name because of this, which to control transactions is used coding. This means that the presence of saving and transferring information about cryptocurrency among wallets and also in public ledgers is used as a simple encryption. The task of encryption – is to guarantee reliability and security.
The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the most popular at the moment. The interest in cryptocurrencies at a significant level is associated with selling along with selling to generate income, with resellers sometimes driving the cost up to the sky.
Types of digital currencies accepted for payment
Although Bitcoin is considered to be the best-known and also the most popular numerical currency used for payment purposes, there are other popular similar currencies. Ethereum, Litecoin, Dash, and Monero – see only certain of them, which are taken by merchants as payment. Nowadays, there are more than a thousand types of cryptocurrencies with a single capitalization of more than 133 billion dollars.
Why do you need to acquire cryptocurrency?
In addition to the obvious need to form a commercial and also to meet the preferences of consumers (again, cryptocurrency is rapidly gaining popularity, as well as so far little noticeable that this direction subsided), there are a large number of other factors according to which you, as a merchant, need to analyze the likelihood of using cryptocurrency as a method of payment. Forexample:
- Due to the dispersed payment texture inherent in cryptocurrencies, payments go directly to the merchant in the order of the Internet in the absence of the role of 3 persons, and in addition in the absence of secret commissions.
- Reliability is one of the main positive aspects for merchants as well as for consumers. The methodology of multi-level coding guarantees auxiliary reliability in the presence of transactions and also reduces the risk of identity theft or scams.
- If you are running a high-risk business (casinos, bookmakers, marijuana sales, etc.), you should be well aware of the threat of chargeback for your business. Using cryptocurrency eliminates this problem.
- The fees for processing cryptocurrencies are higher than for processing plastic coins.
- Cryptocurrencies are taken as well in England, as well as according to the whole society. Transactions are faster, in the absence of additional commissions because of international payments.
Let’s return to the main catalyst for cryptocurrency as a way to pay for your product or offer – to reach as large an audience as possible, providing a variety of payment types. Recall that commercial along with a large degree of notch cryptocurrency payment is considered a key type.
Customer satisfaction due to the result of giving him the ability to choose a more convenient payment method for himself has a great impact on the reputation of your business and also contributes to its expansion.
This is especially common among young people. In certain cases, the introduction of a payment method into your business together with the support of cryptocurrencies can significantly increase it!
Advantages of Wellcoinex’s Internet Acquiring
Meet cryptocurrency by applying the regulations of Wellcoinex, an international payment concept provider.
Are you a high-risk entrepreneur and you should form a payment method together with utilizing cryptocurrency? Have you approached banks as well as other payment concept providers and also received a disagreement?
We are very familiar with this situation. Classical economic institutions are not willing to cooperate with high-risk businessmen because of possible economic and reputational costs, difficulties in processing payments in the order of the present period, volatility, and unpredictability of cryptocurrency directions. Our company will be able to help you!
Wellcoinex, provides regulations for high-risk commercialization of cryptocurrencies. Due to the extensive network of acquiring banks as well as the impressive experience in this field, Wellcoinex has proven to be a solid, stable as well and reliable producer of payment concepts for commerce together with a high degree of commitment for merchants. Our company provides group solutions to operate together with trader accounts together with a large degree of scratch, including a reliable cryptocurrency payment chute as well as a POS terminal, so that merchants can make payments as well as on the physical level as well as the internet.
Wellcoinex provides service in London as well as throughout Europe and also has a strong indication that guarantees constant assistance to our merchants.
Are you looking to acquire your own high-risk business together with fast incentives to start working together with cryptocurrency processing? Wellcoinex is the perfect choice for your business. We have the most 95% approbation!
For cryptocurrency traders, our company provides a crypto-payment chute to purchase cryptocurrency together with the support of a debit or plastic card game. Now you will be able to make payments according to cards and also to realize cryptocurrency to individuals or companies.