NEWSAbout UsContact UsWebsiteBizcommunity
NEWS

Three advantages of accepting cryptocurrency at your business

Have you been pondering over accepting digital currencies at your business but you're not sure if it's worth it or not? If so, you have come to the right place. Today, we are going to learn several important advantages of accepting digital money for payments. Some of these benefits may seem simple while others may shock you.

You will attract the customers of the future

The way we work and live is changing and so is the way we pay for goods and services. Many people, especially those who work as digital nomads, or remote workers, are now looking for a better way to get paid. Instead of relying on traditional currencies that are controlled by central banks, these younger folks and some older are looking towards digital money as a method of doing business. In fact, according to the DNX Community CEO, Graeme Conradie, “CryptoCurrencies will change the world as we know it.” By accepting digital money at your place of business, you will attract these customers of the future and increase your bottom line!

Lower transaction fees

Most credit cards charge business owners huge transaction fees. These fees can really eat away at your profits, but in the past, this was the only way to accept payments. Unless you were a cash-only business, you had no choice but to pay these fees. While some can pass on these costs to their customers, others are forced to foot the bill themselves. But what if there was a way to have significantly smaller fees while still being able to accept payments? Well, now there is! By accepting digital currencies, you can cut out or reduce these fees, which will put more money in your pocket! This will also help you reduce costs for customers which is always a welcome change.

You will get paid faster

Cheques and even some debit card transactions take time to clear. This can mean you have to wait for hours and sometimes even days to get your money. When you need your business to be liquid and you need a better flow of cash coming in, this can really be a bummer. So why not do something about that by accepting cryptocurrency? Most payments from these new smart money wallets are super-fast and clear the second they are made. This means that you will have your money instantly without the need to wait around for days. Getting your money sooner means that you can order the things you need to stay in business and pay the people who work for you! Cashflow is king! Many feel that this is the future of business and the world will one day rely on cryptocurrency as the main form of making payments.

As you can see, by accepting digital money at your business, not only will you save money but you will also bring in new customers. Some of these customers probably would have never used your goods or services if it wasn’t for this new smart currency. So, if you want to be part of the future and save money on transactions, why not add cryptocurrencies to your list of accepted payments? You will be glad that you did!

27 Sep 2017 16:02

<<Back

About Boris Dzhingarov

Boris Dzhingarov graduated UNWE with a major in marketing. He is the CEO of ESBO ltd brand mentioning agency. He writes for several online sites such as Tech.co, Semrush.com, Tweakyourbiz.com, Socialnomics.net. Boris is the founder of MonetaryLibrary.com and cryptoext.com.




Comment
FOLLOW US: