Features of a Suitable Crypto Wallet Provider
Cryptocurrency usage and integration have become a key part for businesses that want to survive and thrive in the changing demographic. Despite cryptocurrencies becoming more mainstream, buying cryptos with ease remain a huge challenge for users.
This is where the Mercuryo.io wallet comes into play. The Mercuryo.io wallet allows users to buy and sell cryptocurrencies with just a few clicks. The cryptos can be bought using a wide range of fiat currencies and various payment methods such as credit cards and bank transfers. The low transaction fees also make it a good option for consumers.
However, the big question remains; how do businesses leverage the increasing adoption of cryptocurrencies?
Cryptocurrency acceptance for businesses and choosing the right partner
If your business has an online presence or it is solely offline, accepting cryptocurrencies as a payment method can open you up to an increasing customer base. An increasing number of people are now paying for goods and services using cryptocurrencies.
For business owners, the biggest challenge now lies in choosing the right partner to help you accept cryptocurrencies from your customers. There are certain factors to consider when choosing a crypto payment partner for your business.
Last year, hackers successfully breached 11 major cryptocurrency exchanges and stole over $283 million worth of cryptocurrencies. If you don’t want your cryptocurrencies to be lost to hackers, security should be at the top of your Watchlist.
As a merchant, you need a proper understanding of the platform’s security and anonymity. Each platform has its security protocols. Make sure that the security protocols are up to standard before you work with them. Mercuryo.io’s widget for businesses offers top-notch security that makes it hard for anyone to access your cryptocurrencies without your approval. The widget doesn’t allow scammers to make transactions with a stolen card. In the event it happens, Mercuryo.io will cover the cost on your behalf.
The reputation of the cryptocurrency service provider should be top-notch. The service provider you wish to use should be known to provide transparent and excellent services. One of the ways to determine the reputation of a crypto payment service provider is to look at its partners. This is an aspect that Mercuryo.io has performed superbly. Mercury.io works with trusted companies in the crypto space. Hence, making it an excellent place to store your cryptocurrencies.
Comfort in your operation will make running your everyday business better. The Mercuryo.io widget can be used conveniently in any of the two integration methods. The user can be customized for any corporate design, making it easy to align with your business.
The transaction fees charged by a crypto service provider makes a lot of difference. High transaction fees are popular within the crypto ecosystem, and it tends to eliminate the profit you earn from your activities. Mercuryo.io does things differently by not setting a minimum amount of fee. The fees aren’t included in the crypto’s exchange rate and set standard fees on various fiat currencies (3.95% on USD, GBP, EUR, and others). The fee doesn’t change as the number of crypto purchases or sales increase or decrease.
Do you know that 70% of customers support a company that offers excellent customer service? The crypto market operates 24/7, making it ideal that your crypto payment service provider should be available to tend to your needs 24/7. Using a crypto payment service provider with 24/7 support will be great for your business as customer complaints will be resolved almost instantly. This is an aspect Mercuryo.io excels in. The support system is available 24/7 and in various languages. Hence, merchants from various countries can use their services and connect to their customers better.
Fiat currency support
As the cryptocurrency space becomes more mainstream, it is necessary to convert fiat currencies to cryptocurrencies and vice versa easily. The more fiat currencies a platform supports, the more customers can relate to the platform. The major crypto payment service providers should support fiat currencies such as the US Dollar, the Euro, British Pound, Japanese Yen, and more. Mercuryo.io’s support of card payment means that you can buy cryptocurrencies with virtually any currency.
In the age of 5G technology, I don’t want to spend several minutes trying to buy crypto or pay for a service using cryptocurrencies. Transactions need to be instant, so I can proceed to handle other affairs. High speed of transaction is a crucial feature you have to look at when choosing a wallet provider to integrate into your business. Your customers don’t have all day to spend at your store. Hence, you have to ensure that they can make instant payments and carry on with other activities.
In today’s world, we have various payment gateways. Consumers can pay for goods or services via bank transfer, debit/credit cards, or electronic wallets. Your ideal crypto payment service provider should support multiple gateways. Users should be able to buy crypto or pay for goods and services using bank transfer, debit or credit cards, and e-wallets such as PayPal, Payoneer, and others. Mercuryo.io supports bank transfer and card purchases. Furthermore, it supports other payment gateways such as ApplePay and SamsungPay. It provides all these gateways and charges low transaction fees.
As a merchant, the features discussed in this post will guide you towards finding the right crypto payment service provider to use. Finding the right provider could help boost your business and make it easier to integrate cryptocurrencies into your platform.