The cryptocurrencies in a position of vital importance in our societies. For this reason, more and more businesses around the world have begun to accept cryptocurrencies as a means of payment. A process that, although simple, can be intimidating to those who approach for the first time to these assets. Reason for which today we are back with our series dedicated to explain how to accept cryptocurrencies in your business.
Payment processors: opening the doors of the crypto world
As explained in part 3 of our series, the best way to accept cryptocurrencies will always be to do it directly. Simply providing your customers with the address of the wallet where you store, and waiting for the transaction to be run. And is that, although it is a process that requires a little more effort on the part of the employer interested to accept cryptocurrencies. Allows you to have greater control over the criptoactivos in your business. Therefore, the same would end up stored in the wallet of your choice, from where they can be used for what you prefer, either invest in trading, save or exchange them for stablecoins and Fiat money. However, there is also a second alternative to receive cryptocurrencies in your company, which, due to its simplicity, is becoming more and more popular. We refer to the payment processors, platforms that allow their users to make payments in criptoactivos. Discounting of your account value in cryptocurrencies of the purchase, according to the rate of change of momentum. And credit to the account of the employer the sum equivalent in Fiat money. So, no matter the level of technology skills possessed by the owner of the business. Simply with the use of these platforms will be integrated into the crypto world. What, however, it also represents a limiting factor for the entrepreneur to use payment processors. And not only because they eliminate the freedom of having your own cryptocurrencies in your accounts. More like, by the limited amount of criptoactivos supported by payment processors of this type. In spite of which, the same can be very useful, so today we will explain you how to use the most important of all: BitPay.
BitPay: the king of the processors of cryptocurrencies
If Bitcoin is the king of the cryptocurrencies, without a doubt BitPay is the king of payment processors. Therefore, the company has designed a platform for the delivery of criptoactivos all over the world. Building its reputation, thanks not only to the service of wallet that offers to its customers. Also, above all, for their efforts to connect the Fiat money with virtual currencies. And is that ok cryptocurrencies in your business is extremely simple with BitPay. So, when one of your customers wants to buy a product from your company, BitPay will be sent to your e-mail an invoice with the total amount in the criptomoneda of your preference. Once the client accepts the invoice and run the payment, BitPay simply change the amount in cryptocurrencies by Fiat money, and will be transferred to the bank account of the entrepreneur, charging a 1% commission. BitPay is one of the best options available to accept cryptocurrencies in my business. A quick and easy process, which serves both to shopping virtual to physical stores. Endure in the today Bitcoin, Bitcoin Cash, Ethereum, XRP, GUSD, PAX, USDC, and soon BUSD, the virtual currency of Binance. In addition, BitPay provides protection against the volatility of the crypto market, because it does not matter if the price of the criptoactivo goes up or down, your business will receive the amount of Fiat money that was on the invoice. All of these features, combined with the ease of use of BitPay, and can be configured an account for your business on the platform so only by registering and afiliando a bank account. Becoming the payment processor, the world’s most important, as well as your best option if you want to accept cryptocurrencies in your business, without any of the concerns inherent in having criptoactivos.