Do you want your business to accept payment in cryptocurrencies like Bitcoin, Ethereum, or XRP? Depending on your market, a cryptocurrency payment gateway could be an irrelevant addition or a power move that opens up new segments to your business. Read on to find out what accepting cryptocurrency can do for you, why no bank will let you do it, and what you can do instead.
Advantages Of Accepting Cryptocurrency Payment Gateway
Since being introduced with Bitcoin back in 2009, cryptocurrency has grown immensely. Back in 2009, a few tech and finance nerds were talking about it… but today, everyone has heard of Bitcoin or cryptocurrency in general. According to one of the biggest and most widely used crypto-tracking websites in the world, Coin Market Cap, there are now at least 6,955 different cryptocurrencies out there. At the end of 2020, their value is estimated to be around $325 billion.
Depending on your industry, chargebacks can be a minor nuisance that just happens naturally from time to time or it can be a weekly or daily occurrence that costs you thousands of dollars. A payment made with crypto is final and doesn’t leave any room for claiming a chargeback, which can be a major advantage, especially for high-risk businesses like casinos.
What Are The Problems With Cryptocurrency Payment Gateway?
Now to the issues. Cryptocurrency is still a new phenomenon, which means that the old, traditional institutions like banks don’t like it. They don’t know what’s going to happen to it, they have reasons to see it as a threat to their business model, and the last thing they want is to support it. This makes it almost impossible to get a cryptocurrency payment gateway with your regular bank.
We Solve The Problems For Cryptocurrency Payment Gateway
So what can you do about it? It’s easy – get a cryptocurrency payment gateway from a high-risk payment gateway & merchant account provider. Almost opposite to banks, these providers specialize in all things high-risk, including processing cryptocurrency payments.
5 Star Processing is just such a provider. Our company was started two years ago with the specific purpose of aiding high-risk businesses that can’t get a payment gateway or a merchant account for cryptocurrency anywhere else. And, 5 Star Processing offers the best terms and the lowest cryptocurrency processing fees in the market. We have worked with over 5,000 businesses already, making it possible for them to process payments, send and receive funds, and grow their revenues.
Call Us To Get Cryptocurrency Payment Gateway
If you want to know more, or you’re ready to get started with a cryptocurrency payment gateway, then call us now at (888) 253 9692 – or send an email to [email protected] We’ll help you with your cryptocurrency payment gateway application so that you can start accepting payments in crypto as soon as possible.