Post
Topic
Board Bitcoin Discussion
Re: Will accepting cryptocurrency as a payment be profitable for business?
by
stomachgrowls
on 09/03/2023, 19:55:14 UTC
Cryptocurrency payment getaways have the lowest transaction fees so that the business owners gets more profit from it. accepting cryptocurrency as a method of payment opens you to more customers internationally. it will helped your business to increase profitability and revenue growth.
Its the contrary actually but using up those common 3rd party payment gateways then this is where you do able to accept out crypto but ending up on recieving fiat which this is where some merchants or most of them are doing.Unlike when you do just set out with your own personal crypto wallet where you could directly accept out crypto then it is really something a very basic operation. Being profitable? Yes it would be depending on the volatility as always because we know that this market is really that volatile which means if those sales revenue is stayed up on crypto form and the price goes high then expect that the amount would really increase too and same goes when its going down.This is why as a business owner then it would really be depending on how you would be bale to bare up with the risks.