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Benefits Of Accepting Bitcoin And Other Crypto For Your Business

2021-12-13

Main Takeaways:

  • Payment systems have come a long way thanks to the digital revolution.

  • The benefits of accepting crypto for your business include chargeback fraud prevention and lower overhead expenses.

  • Binance Pay provides merchants with a competitive edge over other retailers by offering a superior crypto payment experience.

Payment systems have received a boost in efficiency with the integration of bitcoin and other crypto. Here’s why integrating bitcoin and other crypto via Binance Pay is good for your business. 

With crypto heralding a new era of transactions, online payments have achieved new levels of efficiency. Thanks to Binance Pay, merchants now have another payment integration option to offer customers, giving a competitive advantage over businesses slow on the uptake for bitcoin and other crypto payments. Considering accepting crypto for your business? Read on to understand what potential benefits you enjoy with Binance Pay.

Binance Pay is a contactless, borderless and secure cryptocurrency payment technology that allows anyone to pay and get paid in crypto. Make your business crypto-friendly and start accepting bitcoin and other popular crypto for offline and online sales.

Benefits of Using Crypto For Your Business with Binance Pay

1. Lower fees

Merchants can enjoy a leaner, more profitable business by integrating crypto payments with Binance Pay.  Unlike traditional transactions, accepting crypto as a payment allows merchants and customers to avoid unnecessary costs incurred by traditional payment systems. Become crypto-friendly to reduce operational costs and offer your customers the best value for their money.

2. Borderless

Bitcoin and other cryptocurrencies are global and allow anyone to instantly send and receive crypto all over the world. No matter where your customers are located, they can make a purchase as long as they have access to the Internet and the Binance app. With cross-border payment solutions, you can widen your customer base to increase profitability.

3. No chargebacks

Chargebacks are typically executed by centralized institutions with the power to reverse transactions. When abused, chargebacks can be malicious if a customer requests for a refund after they have successfully received their goods or services. Binance Pay prevents chargeback fraud, protecting merchants and ensuring that you are not put in a disadvantageous position when doing business.

4. Easy integration to Binance app or your own merchant site

Binance Pay offers flexibility in integration to best suit your business needs. Choose to take your business online to the Binance Marketplace and gain exposure to millions of potential customers that are already shopping on the Binance app. Alternatively, you can also create a seamless checkout experience on your own app using Binance Pay SDK for iOS and Android.  

5. Forward-thinking brand

Establishing your business as a crypto-friendly one positions your brand as a modern, forward-thinking enterprise. In addition, accepting crypto also allows you to future-proof your business in the form of payment experience. Enjoy the benefits of being an early adopter of next generation financial technology. 

6. Superior customer experience

With the rise of online shopping and mobile payments, integrating crypto will help businesses and customers to better connect. Providing an additional option for transactions offers your customers more flexibility in payment, ensuring that you don’t lose any potential sales with a narrow range of payment options. Furthermore, shoppers can easily scan your shop’s QR code to make payment, allowing you to provide a superior customer experience.

Conclusion

With crypto changing payment systems as we know it, more people are getting used to paying with cryptocurrencies. Don’t miss out on the digital shift; start planning to accept bitcoin and other cryptocurrencies as payment. Find out how you can join the payment revolution now at Binance Pay.

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