#cryptocurrency processing

The cryptocurrency industry has recorded tremendous growth over the years. From Bitcoin (BTC) to Ethereum (ETH), Dogecoin (DOGE), and several others, cryptos have become a widely accepted means of exchange worldwide. However, a merchant account is inevitable when it comes to crypto processing.

Being a reputed business owner, it is your responsibility is to ensure that you offer different forms of payment for your clients and customers among Online Payment Solutions, UK. It also includes some newer forms of payment, like accepting cryptocurrency.

Yes, Cryptocurrency has been making a splash in recent years as the future of payments. Major companies such as Microsoft now accept it as a form of payment, few of the New York City schools also now accept it as tuition payment, and Bitcoin alone has risen nearly 900% in two years.

Not only big firms but many small businesses – like restaurants and coffee shops – have also begun accepting cryptocurrency as a form of valid payment. These points suggest that cryptocurrency is going to stay.

As one benefit,  cryptocurrency has lower per-transaction fees than accepting credit cards and debit cards. Well, it’s no secret that small businesses are getting creamed by processing fees, so accepting cryptocurrency can help relieve the pain.

With credit and debit, you’re looking at at least 3 percent transaction fees plus multiple hidden fees. Meanwhile, with a cryptocurrency like Bitcoin, it is said that merchants can reduce their fees to less than one percent.

The Cryptocurrency Processing added layer of security a time when criminals are getting better at hacking small businesses to get customer financials, hence it can give everyone peace of mind.

Other than that, the huge part of the appeal of accepting cryptocurrency in your business is fraud protection. The clients and customers don’t need to give you personal financial information with cryptocurrency.

Unlike other forms, the only difference here is that the third party would be sending and receiving cryptocurrency like Bitcoin.

Looking for one payment processing company for your business? Contact PurePay. It is one of the best secure payment processing companies in the UK. They also offer Merchant Credit Card Processing to merchants for their businesses.

For more information, visit- Purepay.eu