We will convert crypto into fiat and send fiat money to the merchant.
That makes me wonder how you hedge potential declines in the price? At one point if your business becomes a success and you generate significant volumes, your risk increases significantly too in terms of what the price is doing. The ShitPay's of this world hedge their down side risk by shorting a portion of their holdings. What is your plan of approach in such a situation?
We will reduce fees to 1% while expanding abroad.
There are some payment providers in Turkey like Stripe or PayU. Their average charge for handling credit cart payments are around 3.5% - 4%. We are presenting our gateway to merchants and they are "ok" about the fees. We will reduce commissions according to monthly volume.
That's awesome. It means that the merchants selling their goods for Bitcoin end up getting more money for the same products since the 3-4% card fees are generally calculated in the price of an item, which should be enough incentive to get them to accept your 1% fee.