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Starting your own business is not easy, there are a lot of challenges and setbacks, don’t let payment also be an issue. In this article, we’ll be taking a look at 5 reasons why you should start accepting crypto payments for your business and the best platform to use.
5 Reasons Why You Should Start Accepting Crypto Payments For Your Business
1. No Chargebacks:
As a business owner, dealing with fraudulent chargebacks is such a hassle, but fortunately, you do not have to deal with this issue with crypto because cryptocurrency transactions are irreversible so there is less chance of fraud.
2. Reach More International Customers:
With crypto, payment transactions are borderless. You are not limited to your country and fiat currency alone and you do not have to deal with the issue of exchange rates, and international transactions that might take days. Crypto transactions allow you to expand your markets anywhere.
As long as a person has access to the internet, they will be able to make a purchase. You can even accept virtual currencies if your customers don’t have cash or a credit card.
3. Low transaction fees:
One advantage that cryptocurrency has is that it requires low or even no processing fees. This can help business owners keep more of their profit. The lower processing fees can also allow the exchange of cryptocurrencies to happen faster. Each cryptocurrency is connected to different blockchains, which will lower transaction fees even more if you are trading the same cryptocurrency.
In the case of Bitcoin, if the Bitcoin network fees are too high for you, or you simply want to transact in smaller amounts, you can also consider setting up a Lightning Network wallet, which lets you send and receive Bitcoin transactions up to 0.168 BTC only.
4. Forward Thinking Business:
Accepting crypto payments is one of the ways you can set your business forward as a modern enterprise that is evolving with the world and the finance sector.
5. Simple To Use:
You do not need to be a tech guru or even a crypto enthusiast to accept crypto payments for your business. By using simple and easy-to-use platforms, it is easier than ever.
Speaking of simple and easy-to-use platforms, I recommend using Breet.
Breet is an OTC crypto trading app that allows users to receive crypto, convert it to cash and withdraw it to their local bank account within minutes.
Breet is 100% free as it has no deposit fee, withdrawal fee or any other hidden fees and it has no withdrawal limit.
Supported cryptocurrencies are:
- Bitcoin Cash
It is available in both Nigeria and Ghana, but you can accept crypto payments from anywhere in the world.
For more help and support, Their customer service is available 24/7 at email@example.com and calls/WhatsApp 08090569499
How to Receive and Sell Crypto With Breet
Below is a step by step process on how to receive and sell crypto with Breet:
- Create an account
- Click on a crypto trade page on the dashboard (e.g Bitcoin)
- Generate wallet address
- Send your wallet address to the sender
- After 3 confirmations from the blockchain network, your transaction will be approved and your balance will reflect in your wallet.
- You will automatically receive the Naira or Cedis value based on the rate displayed on the crypto trade page.
- Proceed to withdraw to your local bank account.
Get into the crypto buzz and start accepting crypto payments for your business. You do not need to have extensive knowledge of crypto and the crypto market as apps like Breet take care of all that complicated stuff for you.
With all the reasons given, you have nothing to lose with this new payment method.
Get started now with Breet.