Small businesses embracing crypto payments for lower fees, global reach, and tech-savvy consumers

From Cointelegraph
March 19, 2025 11:30 AM:

Businesses are increasingly accepting cryptocurrency payments to reduce transaction fees, eliminate chargebacks, and facilitate global transactions. Major players like BitPay, CoinsPaid, and Coinbase Commerce are helping small businesses integrate crypto payments easily. Over 659 million people worldwide use cryptocurrencies, with 15,000 businesses accepting Bitcoin, including luxury brands and telecom companies.

Various sectors like e-commerce, food, retail, real estate, hospitality, and travel are now accepting Bitcoin payments. Companies like Shopify, Newegg, Rakuten, Subway, Burger King, and Starbucks are embracing crypto payments, attracting tech-savvy consumers. In real estate, multimillion-dollar properties in Miami and Manhattan are being sold for Bitcoin, marking a significant shift in the industry.

Accepting crypto payments offers advantages like lower transaction fees, global market access, security, and alignment with consumer preferences. However, businesses must be aware of risks like price volatility, regulatory compliance, security concerns, and technical barriers. Using trusted payment processors like BitPay, CoinsPaid, or Coinbase Commerce can mitigate these risks and streamline the integration process.

Businesses interested in accepting crypto payments can choose from leading payment processors like BitPay, CoinsPaid, Coinbase Commerce, and Binance Pay. These platforms offer seamless integration, security features, and support for multiple cryptocurrencies. Setting up a crypto payment gateway involves requesting a consultation, receiving a demo and proposal, onboarding, integration, and starting to accept crypto payments.

Integrating cryptocurrency payments is a forward-thinking investment for businesses of all sizes. With the right payment processor, businesses can benefit from lower fees, global reach, and protection from chargebacks. Small and medium-sized businesses can stay competitive by offering crypto payments, tapping into a growing market of tech-savvy consumers who prefer digital transactions over traditional banking systems.

Read more at Cointelegraph: How Small Businesses Can Accept Bitcoin and Crypto Payments