Cryptocurrency payment = Significantly lower fee ?

[Janechan]

Let’s explore how cryptocurrency payments can benefit the buyer and vendor in ways that credit card payments cannot.

It is a well-known fact that credit card payment providers are charging merchants interchange fees for processing payments. These costs can reach up to 3–4% from every purchase a customer makes.
Moreover, card companies can adjust and add more fees on a whim without any warning.
Though this seems like a lot, there was never a decent alternative to choose from. Well, at least until now.
Today, merchants can accept blockchain-based payments by employing a decent payment provider that would convert their revenue to fiat currency. Such service costs way less than credit card processing, charging not more than 1% flat fee to cover processing costs.
In fact, even the big merchants are taking measures to find more efficient, cost-effective payment rails.
The good thing about cryptocurrencies is, they can make payment processing significantly cheaper. However, not all shoppers prefer paying with cryptocurrency, so for now, credit cards remain a necessary means of payment.
Serve customers worldwide
It is true that credit cards are accepted in most parts of the world. Still, a large portion of people doesn’t have access to the banking system. Despite that, anyone can use Bitcoin or any cryptocurrency (unless your government bans them) as long as the internet connection is on.
Start accepting crypto as a freelancer today
It is always useful for a freelancer or digital nomad to have additional measures for getting paid, especially when it is so easy to set everything up. It is also an excellent opportunity to dip your feet into the crypto world.
In fact, you can start right away by creating an account on Classepay.