Crypto payment integrations made simple — Interview with CoinsPaid

cointelegraph.com:

Cryptocurrency payment gateways can have a significant impact on a company’s operations. By accepting Bitcoin payments, companies can expand into new regions without having to search for local providers. Processing fees are also lower, saving companies a lot of money on commissions. Additionally, crypto payment providers don’t require rolling reserves, eliminating the risk of chargebacks and associated fraud.

Integrating a crypto payment gateway is simple for those unfamiliar with blockchain technology too. Thanks to instant conversion to fiat and transferring to a bank account, clients do not have to receive crypto directly. What’s more, crypto payment providers like CoinsPaid offer unprecedented tech support to their clients. CoinsPaid’s XXXXX explains more about crypto payment providers and their integration within traditional businesses in the interview below.

Q: How will accepting crypto payments affect a company?

Integrating a crypto payment gateway can have many positive effects on a company. Accepting Bitcoin payments, for instance, enables borderless payments, allowing companies to easily expand into new regions without having to search for local providers. This can help businesses gain a bigger market share and offer universal payment options.

Crypto payments also have lower processing fees, reducing costs up to 80% compared to traditional banking systems. In crypto, the fees are about 1%, while fees in traditional finance range from 2.5% to 5%. By eliminating traditional financial intermediaries in payment processing, companies can save a considerable amount of money on commissions.

Another benefit is that crypto payment providers don’t require rolling reserves, which are mandatory in many cases for a merchant’s