Quote from: Obari on March 09, 2023, 06:17:39 AM

Quote from: coinremitter on March 09, 2023, 06:08:31 AM

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.

I doubt if Bitcoin payment gateways truly have tye lowest transaction fee except when using lightening.
One of the major challenges with using Bitcoin as means of payment is the high transaction fee involved and these transaction fee most times if not all the time is actually paid by the buyer and let's just be realistic that as a buyer after purchasing goods at a said price, I wouldn't think it wise to make payments with my Bitcoin because of the transaction fees but I would rather trade my coin and make payments in my local currency, hence I'm saving cost .

I personally don't think using Bitcoin as a payment option will increase your profitability but rather I think it basically broadens your payment option for people who want to make anonymous transactions.

It's not. There are many different plugins, or cryptoprocessors, that charge minimal or no transaction fees. A good example is this cryptocurrency payment gateway. It allows you to accept numerous cryptocurrencies, doesn't have transaction fees and third parties, allows partial payments, non-custodial, no KYC and much more.

Artem Sereda

Posts

Merits