Modern e-commerce businesses rely on future-proof solutions. For example, they focus on personalization to better serve consumers. Many features differentiate modern e-commerce from older e-commerce. Cryptocurrency payments are one of them. They fulfil the major requirements of such businesses.
However, the impact matters the most. The impact increases with a cryptocurrency payment gateway like CoinRemitter. Here, we’ll understand the basic requirements of modern online stores and why this crypto gateway is ideal for them.
Requirements of Modern Online Stores
Borderless Payments: Many e-commerce businesses aim to serve multiple countries. Fiat currencies may not be a good option for cross-border payments. So, they require a solution that works consistently across all countries.
Quick Fund Settlements: Many new-day e-commerce businesses want direct control over their funds. They don’t want any service providers to hold their funds for 3-5 days.
Higher Profit Margin: The key purpose of a business is to earn profits. Nowadays, they want higher profits by keeping competitive prices.
User-Friendly Features: Some business owners may not be coding experts. Going through a complex process for adding cryptocurrency payments might be tough for them. Therefore, they look for an easy and time-efficient solution.
Privacy and Trust: Most online store businesses prioritize privacy and trust. They don’t want to submit any sensitive details to any online platform. That’s why they prefer a privacy-centric platform.
Why CoinRemitter is Perfect for Modern E-commerce
Available in Multiple Countries
Businesses can explore this cryptocurrency payment gateway for easy cross-border payments. It is available in over 130 countries. Also, cryptocurrencies are decentralized. So, no bank or centralized authority is present in the transaction process. This reduces transaction fees and speeds up the process.As a result, businesses can quickly accept crypto payments from international customers. So, they can serve quickly and settle funds without currency conversion taxes.
Auto-Withdrawals
Quickly gaining control over funds is very important for maintaining a budget and adequate cash flow. Here, you can rely on the Auto-Withdrawal feature of this crypto payment gateway. It automatically transfers funds to your external wallet every 30 minutes.
As a result, business owners get control over their funds quickly. They can easily use these funds to purchase stocks, pay salaries, and manage other business operations.
Higher Profits With Low Fees
As discussed above, generating profits is the primary goal of most e-commerce businesses. Sometimes, fees may force businesses to compromise profits or inflate prices.
Here, the lowest processing fee can be helpful. Unlike other payment processors, it charges only 0.23% in fees. This way, you can save more than 50% on fees and increase your profits.
You can also enable the Gas Station to reduce transaction fees. However, this feature is only available for BNB, USDT, and ETH. But it helps save up to 70% on transaction fees. You can deposit the gas balance to a wallet, and the system deducts transaction fees from the same during an incoming transaction. These fees are less than regular transaction fees.
The combination of the Gas Station and the lowest processing fee makes CoinRemitter the most affordable crypto payment processor.
Easy Crypto Payment Integration
Integrating cryptocurrency payments can be challenging for some business owners. However, this crypto gateway offers multiple solutions with different levels of complexity.
- Low Complexity: Crypto Payment Widgets (low flexibility)
- Medium Complexity: Plugins (medium flexibility)
- High Complexity: Crypto API (high flexibility)
Here, you have a variety of options to choose from. If you can write code, you can use the crypto API for a flexible solution. If you aren’t a coding expert, you can still accept crypto payments on your website using widgets. If you want a balanced approach, you can choose open-source crypto plugins.
Registration With Privacy
As discussed above, many business owners don’t want to risk their privacy when accepting online payments. Nowadays, many crypto payment gateways have KYC in their registration processes. So, they can’t be used without proving a business owner’s identity.
On the other hand, CoinRemitter offers a no-KYC crypto payment processor. Here, business owners are not required to submit their documents when registering.
Such a registration process reduces the risk of data leaks. This cryptocurrency payment gateway also offers security features. So, modern e-commerce businesses can accept payment in crypto without worrying about privacy and security.
Conclusion
Modern e-commerce businesses have some important requirements. Cryptocurrency payments are capable of fulfilling many of them. Businesses that want more benefits can choose a crypto payment processor like CoinRemitter. Connecting it with your online store is very easy. Also, you don’t have to worry about privacy, security, and settlements. Apart from this, its cross-border availability and low fees make it an ideal solution for modern e-commerce businesses.
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