Cryptocurrencies are becoming popular as a mode of payment and there are many crypto payment gateways that can help businesses accept crypto payments. However, a ‘smart’ choice can make a noticeable difference. And that smart choice can be none other than Coinremitter. In this article, we’re going to discuss how to make a smart choice and then how this platform can be a smart crypto payment solution for your business.
How to Make A Smart Choice?
Set Standards
First of all, define your requirements before you start exploring available options. You must know what your business requires the most. Lowest fees? An easy integration process? Security? A higher number of supported cryptocurrencies? Privacy? Reliable Support? Or all? Set a standard of your minimum requirements and move forward with exploring available crypto payment gateways.
Compare Fees
Start comparing fees after exploring available crypto payment solutions. Transaction fees and processing fees directly affect a business’s profits. The lowest fees tend to the highest profits. Ideally, the average crypto payment processing fee ranges between 0.5% to 1.0% of the transaction amount. Any crypto payment gateway charging fees lower than this can be the first choice of businessmen who prioritize profits.
Check Ease-of-Use
The cryptocurrency payment platform chosen by you must offer an easy user interface. For example, if you have an online store built on WooCommrece, then you must find an easy-to-install crypto payment gateway for WordPress. You can look for ready-to-install plugins for ease.
Crypto APIs also play an important role in integrating a crypto gateway into your website. You must need either a plugin or an API to execute an integration process. So, solutions offered by your preferred platform must be as easy as possible for faster integrations.
Check Security & Privacy
Make sure that your preferred platform offers security features to protect your account and funds. This is underestimated sometimes, but it is important, especially when your online business is surrounded by security threats. Also, surety about not disclosing your sensitive details to anyone is necessary to maintain privacy.
Coinremitter: A Smart Choice of a Crypto Payment Gateway
Lowest Processing Fees
Crypto transaction fees are based on respective networks. However, crypto processing fees are decided by payment processors. As we know, an average crypto processing fee ranges between 0.5% to 1%. Here, business owners can keep higher profitable amounts with them by paying just 0.23% processing fees.
Privacy
Some platforms may ask for sensitive details such as ID proofs or bank account details when signing up, which might be a platform’s requirement. However, you may not know where they are being used, which may be a big privacy concern. Now, think of a platform that doesn’t ask for such details while registering. Is it possible? Yes! Registering on Coinremitter doesn’t require submitting ID proofs or bank account details, ensuring no privacy concerns.
Easy Integration
Plugins and APIs are commonly used to integrate any feature into websites. The integration process may require a business owner’s coding expertise. On this cryptocurrency payment platform, integrating open-source plugins or crypto APIs can be done easily without extensive coding skills, which will let you accept crypto payments on your website.
Security
Account and fund security may be a concern especially when your business is in the eyes of hackers and suspects of security threats. Here, you can protect your account from unauthorized logins with features like Two-Factor Authentication and Login Shield, and detect unauthorized logins with features like Login History, Login Notification, and Active Login. You can also protect your funds by setting a daily withdrawal limit to a wallet and disabling API withdrawals (a feature that lets you make withdrawals directly through API docs).
Additional Features
Some features of Coinremitter can be a notable addition to your business. For example, the gas station lets you reduce the transaction fees of selected cryptocurrencies. Also, you can claim up to 75% of the platform’s revenue under the affiliate program. You can also increase the withdrawal speed by opting for higher processing fees, which is good.
Conclusion
As we discussed parameters to make a smarter choice, we got to know that Coinremiter is a crypto payment platform that checks all the boxes. From the lowest fees to fee reduction techniques, you get everything on this platform that makes this an ideal or a ‘smart’ choice to accept crypto payments for your business.