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Topic: How has a crypto payment gateway impacted your business growth? (Read 238 times)

newbie
Activity: 7
Merit: 0
It has opened up a new group of customers who prefer using crypto over traditional methods. Many people see it as a modern, secure way to pay, and they feel more comfortable using it, especially if they’re into digital currencies. Using a crypto payment gateway has helped my business grow in unexpected ways.  Plus, the low transaction fees compared to credit cards have been a nice bonus. That extra savings has made a difference in our margins.Another thing is the fast processing time, so we don’t have to wait days for payments to clear. It’s been great for improving cash flow, and customers seem to like that things move quickly. Overall, it’s been a big positive for my business. It’s made things easier and gives us an edge in the market.
hero member
Activity: 1316
Merit: 407
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For a short while I have added this to a business I had, but this was many many many years ago so I can't really say that we are going to be seeing a good result with this and could be very wrong if you look at that. This was like 2015, so obviously crypto was very minimal when you think about that time, it can't be considered something similar. However, if we consider the situation as normal then we are going to see the price of bitcoin then and bitcoin price right now.

However, even with that in mind it still ended up helping us as well so that should be the most important thing. So all in all it can't be considered as normal, everyone who has a decent product should be adding crypto as payment option so that they would be making more money. I mean what's the worst that could happen, we can make as much as we want from other stuff, I am not saying delete other options and add crypto, keep those others and add the crypto one on top of it.

As I said before, the gateway will serve more as a marketing tool than as a usability tool for customers. It is easier for a crypto holder to spend fiat than the other way around. It is as if you spent shares in a company to buy clothes, for example. It is meaningless.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
For a short while I have added this to a business I had, but this was many many many years ago so I can't really say that we are going to be seeing a good result with this and could be very wrong if you look at that. This was like 2015, so obviously crypto was very minimal when you think about that time, it can't be considered something similar. However, if we consider the situation as normal then we are going to see the price of bitcoin then and bitcoin price right now.

However, even with that in mind it still ended up helping us as well so that should be the most important thing. So all in all it can't be considered as normal, everyone who has a decent product should be adding crypto as payment option so that they would be making more money. I mean what's the worst that could happen, we can make as much as we want from other stuff, I am not saying delete other options and add crypto, keep those others and add the crypto one on top of it.
member
Activity: 280
Merit: 22
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Absolutely! Integrating a crypto payment gateway has significantly boosted my business's growth by offering a modern, efficient, and global payment solution. It has enhanced transaction speed and attracted new tech-savvy customers looking for innovative payment options. For businesses seeking a reliable crypto payment solution, I would suggest to integrate Coinremitter. Its seamless integration, multiple cryptocurrency support, and exceptional security features make it a perfect choice in this digital age.


from crypto payments are now continuing to grow, with ease of transactions that are considered better, and very practical to use, that is the reason to always use it when making transactions in your business because I think payments in crypto offer better payment security in terms of security for now, and their information is stored in their crypto wallets, many people are not yet aware of this payment for various reasons even though now is the digital age with sophisticated progress.
hero member
Activity: 1316
Merit: 407
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Still, no big company adds this. Why? Probably because it's more trouble than it's worth considering that currently only 1% of users would use it at most. Most prefer to pay by Visa with $0 customer-side fees.

This comment sums it up. The work that will have to be done to implement this functionality in payments will be expensive and few users will use it, and I believe the amounts will be low. Because those who buy crypto and especially Bitcoin tend to save it for the future so as not to spend it unnecessarily.
jr. member
Activity: 217
Merit: 1
Absolutely! Integrating a crypto payment gateway has significantly boosted my business's growth by offering a modern, efficient, and global payment solution. It has enhanced transaction speed and attracted new tech-savvy customers looking for innovative payment options. For businesses seeking a reliable crypto payment solution, I would suggest to integrate Coinremitter. Its seamless integration, multiple cryptocurrency support, and exceptional security features make it a perfect choice in this digital age.
member
Activity: 485
Merit: 10
Payment gateway with crypto it's veey amazing if i launch a shop and one online shopping than must be adding payment gateway by Crypto currency because crypto transaction is very easy and profitable business also shopkeeper & customers both are satisfied to gateway paymet bt Crypto.
staff
Activity: 2436
Merit: 2347
Crypto payment gateways are very convenient for running a business as they take all the routine work on their own, this makes it easier for the business owner himself to run his business, but creates additional problems for crypto users. Payment gateways operate under some jurisdictions and have their own list of banned countries to serve. I have repeatedly faced such problems that I have cryptocurrency and the payment gateway does not want to accept it from me because I am in an unserved country. This behavior contradicts the very idea of cryptocurrencies as a means of payment, so for me, as an ordinary user who wants to buy something using cryptocurrencies, payment gateways are an additional problem.
legendary
Activity: 1932
Merit: 1273
But, let's be real, the crypto market can be as unpredictable as a weather forecast. It's like planting a money tree – some days it's lush, other days it's a bit bare. So, while it's a significant shift for some, it's a wild card for others.

This is the reason that some businesses that have tight cash flow or are in need of quick money circulation rarely accept cryptocurrency payments in a direct way. They utilize a centralized payment gateway since most of them consider the option to automatically convert the cryptocurrency payment into FIAT. The services or goods are just priced in the meantime of the cryptocurrency price, while the payee just received the FIAT directly.

Although it completely relies on third parties, it is easier for them and what makes them convenient. It has its own advantages and disadvantages.
newbie
Activity: 35
Merit: 0
I've been down this crypto rabbit hole, and it's a rollercoaster ride. Implementing a crypto payment gateway can indeed open up new horizons for your business. Reduced fees and less chargeback hassle are like music to any entrepreneur's ears. But, let's be real, the crypto market can be as unpredictable as a weather forecast. It's like planting a money tree – some days it's lush, other days it's a bit bare. So, while it's a significant shift for some, it's a wild card for others.
hero member
Activity: 2828
Merit: 518
Implementing a crypto payment gateway can transform your business growth in several ways. It offers customers an alternative payment method, which can lead to increased sales and a broader customer base. Additionally, it can reduce transaction fees and the risk of chargebacks, making your financial operations more efficient. Furthermore, accepting cryptocurrency can attract tech-savvy customers who prefer digital assets for their transactions, potentially increasing brand loyalty. We'd love to hear your experience with crypto payment gateways and how they've affected your business growth. Please share your thoughts and success stories – your input could help others make informed decisions about adopting crypto payments. Your experiences matter!
Crypto payment is just an alternative, it can be a great option for people who are already in the crypto space but I don't think this would encourage no-how individuals to do that. And asking if this would help to increase sales, has no significant impact on that because it was not the Bitcoin we've been selling but our products and that will depend on what type or kind of business you have. Aside from that - due to high risk and price volatility, it makes these merchants not take this. In fact, we can't even hear from big companies that they are accepting crypto as they are not yet ready to face the challenge - fees, delays, and security.
legendary
Activity: 2086
Merit: 1058
Not really.

People still don't realize about (crypto) we are still in the small-step. The only people who are using crypto-payment are only from crypto-user meanwhile most of reguler user still using app-payment / bank transfer.

Some of the place who are accept crypto, closed the payment due not so much activity transfer in my country.
I do agree that we are going to end up with a lot more, but also we have to agree that it has been more than it used to be as well. This means that if you start accepting bitcoin as payment, it could definitely help you out a lot. I have to say it is not going to be all that easy to handle, but we are going to end up with something that will benefit us all that badly, and we should be focusing on how we could improve one way or another.

Maybe it can't be that quickly, maybe it won't be like the first day you do it there will be something that will be a huge amount, but at the very end we are going to be seeing a lot of growth day by day all the time as long as we do the marketing properly. That is why it is quite important to give it some time.
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
Not yet because crypto is not allowed in many countries yet which is biggest obstacle to use it as a payment gateway. Most of traditional business accepting only fiat related gateway or those which are easily transferable into fiat. Crypto is still not adopted by many countries and it's difficult to use it openly. So far we cannot use crypto for buying selling or any other purpose in my country. I hope we will be able to use it soon and then we could properly say what impact crypto has on our business and how much money we can save by using crypto.
hero member
Activity: 2688
Merit: 672
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The thing is, crypto doesn't necessarily broaden the customer base since almost the majority, if not all already of people are able to use major official methods. Even my first instance of crypto (which thank god existed back then) was to purchase an in-game currency, and since I was below 18, I had no access to credit cards or bank accounts so I had to use crypto instead. That was back then. Now? You can probably expect even 11, or 12-year-olds to have e-wallets (Gcash for example in the PH) that they can easily use.

Maybe if the implementation of crypto were to increase in the future, then it wouldn't really be impossible, but as of now? Unless you're an enthusiast I don't think there's much sense in employing work force to develop it.
jr. member
Activity: 217
Merit: 1
I have never tried paying up with cryptocurrencies physically. I mean like in an ordinary store where you will pay differently. I badly want to try it out but I have seen no merchants who accept Bitcoin or Altcoins yet in my surrounding area, even in the malls there's none yet.

It is true, that this can impact a business in my opinion because there are more tech-savvy people now and cryptocurrencies have been affecting a lot of lives through investing options. We don't really know how many people are drooling to test their cryptocurrencies as payment options because the number of merchants hasn't actually changed much in number ever since it became popular. I guess we should wait for a year or two or maybe when the Bitcoin Spot ETF is approved, that's when we will see a big difference in how it will be used.
I completely understand your desire to try using cryptocurrencies for physical payments. It's true that despite the growing popularity of cryptocurrencies, their adoption for everyday transactions has been relatively slow, especially in physical stores and malls. This may be due to the limited number of merchants accepting digital currencies in your area.

However, it's worth noting that payment gateways like https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks can play a significant role in bridging this gap between crypto holders and merchants. Coinremitter offers a seamless integration solution that allows businesses to accept various cryptocurrencies as payment, making it convenient for tech-savvy customers who want to utilize their crypto holdings.

As the cryptocurrency ecosystem continues to evolve and regulatory developments like the approval of a Bitcoin Spot ETF occur, we can expect to see more businesses exploring the integration of crypto payments. Coinremitter's flexibility and security features position it as a valuable tool for businesses looking to tap into this emerging trend. While widespread adoption may take time, payment gateways like Coinremitter can help businesses stay ahead of the curve and cater to the evolving preferences of their customers."

This response highlights the potential benefits of using Coinremitter in facilitating cryptocurrency payments for businesses without overtly promoting the platform
jr. member
Activity: 217
Merit: 1
The impact will vary according to your country, legal regulations, taxes, and the extent of acceptance and adoption of Bitcoin in your area, but in the best places, adoption of Bitcoin does not reach 10%, so this means the possibility that 10% of customers will pay using cryptocurrencies. If that is true, it will not lead to any change. In your business, but it may represent a good long-term investment if you do not sell those currencies.
The percentage of savings from traditional payment methods is not large, so if we assume that you save fees by 10%, it will not have a significant impact.
It's true that the impact of cryptocurrency adoption can vary based on factors like your country, legal regulations, taxes, and local acceptance levels. In many places, cryptocurrency adoption hasn't reached a critical mass, and only a small percentage of customers may choose to pay with digital currencies. While this may not significantly alter your business dynamics immediately, it's essential to consider the long-term potential.

One way to navigate this evolving landscape is by incorporating a reliable payment gateway like Coinremitter. While the percentage of savings from traditional payment methods might not seem substantial at first glance, a payment gateway like https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks offers several advantages. It provides a secure and seamless way to accept cryptocurrency payments, even if the adoption rate is low in your area.

Additionally, Coinremitter offers user-friendly integration with popular e-commerce platforms and provides essential tools to streamline your payment processes. While immediate savings may not be substantial, the long-term benefits can include reducing transaction fees, expanding your customer base, and positioning your business to capitalize on future developments in the crypto space.

In essence, while the immediate impact of cryptocurrency adoption may be limited in some regions, using a payment gateway like Coinremitter can help you stay ahead of the curve and position your business for potential long-term benefits, both in terms of cost savings and accommodating changing customer preferences.
jr. member
Activity: 217
Merit: 1
Accepting crypto payment gateways are still like at its infancy. Many companies or stores or merchants still don't like to use it because it's not yet in demand.

There's just need for physical adoption on it so that it can be seen as a success. But right now, maybe a few merchants have added it to their payment gateway and doesn't that much because crypto isn't a big thing on their country.

While it's good to have it as a payment gateway and say that there's adoption for that shop. Though we can see the reality of it that the demand isn't that much yet.
I completely understand your perspective on cryptocurrency primarily being viewed as an investment rather than a means of daily transactions. It's true that many people consider cryptocurrencies as assets to buy and hold for potential future gains. However, as the crypto landscape evolves, there are compelling reasons to explore payment gateways like Coinremitter.

https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks offers a practical solution for businesses looking to accept cryptocurrencies as a form of payment. One key advantage is its ease of integration with various e-commerce platforms, making it accessible for businesses of all sizes. This means that even if cryptocurrencies are primarily seen as investments, you can provide the option for customers to use them in your day-to-day transactions.

Furthermore, Coinremitter's robust security measures can help mitigate risks associated with crypto transactions, which is crucial in an evolving and sometimes unpredictable market. It provides a secure way for businesses to accept cryptocurrencies, reducing the complexity and potential concerns that might come with it.

While crypto adoption for daily transactions may take time, exploring solutions like Coinremitter positions your business for potential future shifts in the market. It offers a practical way to embrace cryptocurrencies while maintaining the flexibility to adapt as the crypto landscape continues to evolve."

This response aims to provide a balanced and informative perspective on the advantages of using Coinremitter as a payment gateway in the context of cryptocurrency adoption.

jr. member
Activity: 217
Merit: 1
For now its not being used by majority since they viewed crypto as an investment instead of being used on daily transactions. Even using bitcoin we cant really say that its been used more often for businesses but only as a valuable asset that when go up they will sold and will buy if its go down. Were kinda hoping theres more adoption in the next years.
I appreciate your perspective on the current state of cryptocurrency usage, which often leans towards investment rather than daily transactions. It's true that crypto's role as a store of value has been dominant, but there are still compelling reasons to consider payment gateways like Coinremitter.

Firstly, https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks offers a user-friendly solution for businesses to accept cryptocurrencies as payment. This can be especially advantageous for reaching a broader customer base, including those who hold crypto and are looking for ways to spend it.

Moreover, the flexibility of Coinremitter allows for easy integration with various e-commerce platforms and websites. This makes it seamless for businesses to incorporate crypto payments into their existing systems.

Additionally, Coinremitter provides security features to safeguard transactions, which can be crucial in a digital environment where security concerns are prevalent.
jr. member
Activity: 217
Merit: 1
Implementing a crypto payment gateway can transform your business growth in several ways. It offers customers an alternative payment method, which can lead to increased sales and a broader customer base. Additionally, it can reduce transaction fees and the risk of chargebacks, making your financial operations more efficient. Furthermore, accepting cryptocurrency can attract tech-savvy customers who prefer digital assets for their transactions, potentially increasing brand loyalty. We'd love to hear your experience with crypto payment gateways and how they've affected your business growth. Please share your thoughts and success stories – your input could help others make informed decisions about adopting crypto payments. Your experiences matter!

Not really always! If that was the case then we would have seen all big cooperations adding crypto payment gateways in their Store. Is it happening? No!

Actually having a crypto payment gateway for a business depends on the local regulations. For crypto friendly countries it might help but for countries were cryptocurrency doesn't have a formal legal framework, it's super risky to add them.

Stop thinking cryptocurrency as a solution to everything. It's good for investment. It's okay for value transfer. But it's not really a solution to grow your business. It's better to focus on brand building and marketing to grow your business.
While it's true that cryptocurrency adoption varies by region and regulatory landscape, using a payment gateway like Coinremitter can still have its merits.

Firstly, https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks offers businesses the flexibility to choose from a wide range of cryptocurrencies, accommodating customers who prefer digital payments. This can expand your customer base and attract crypto enthusiasts.

Secondly, it provides a secure and efficient way to process transactions, reducing the risk of fraud and ensuring reliable payment processing.

Lastly, Coinremitter's integration options with popular e-commerce platforms make it easier for businesses to add crypto payment methods if they choose to do so. It's not about cryptocurrency being a universal solution, but rather having a versatile tool at your disposal when the opportunity arises.
jr. member
Activity: 217
Merit: 1
Even if i want to, it is not possible in reality, first of all, the government has already banned its use in my country. Secondly, there are no enough people’s using crypto i think it will less than 1% in total population in my country, few thousands of crypto user’s here. But i would like to use crypto payment in shopping and others various stuffs in others country, i already used crypto gateway in several times.
I understand your situation, and it's true that crypto adoption can vary significantly from one country to another. While your country may have restrictions on cryptocurrency use, there are still opportunities to leverage crypto payments for international transactions, especially when dealing with countries where crypto is widely accepted.

One advantage of using a payment gateway like Coinremitter is its ability to facilitate cross-border transactions seamlessly. Even if crypto adoption is limited in your home country, you can still harness the benefits of cryptocurrencies when shopping and conducting various transactions abroad.

https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks provides a secure and user-friendly platform for making crypto payments, making it suitable for individuals in regions with varying levels of crypto adoption. With its broad cryptocurrency support and compatibility with various e-commerce platforms, it allows you to access the global crypto economy while ensuring the safety and convenience of your transactions.
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