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Accepting crypto payments on your website is one of the easiest ways to increase your sales opportunities and revenue streams. Cryptocurrency, like websites and online points of sale, are internationally accessible, borderless technologies that can be used by anyone around the world. As such, offering customers the option to pay for goods and services online in crypto could be a game-changer for global businesses. Accepting crypto payments on your website also facilitates faster transactions and reduced fees compared to traditional payment methods, as well as positioning your business as forward-thinking and adaptable, ready to embrace emerging technologies, which could help set it apart from other competitors in the sector.
In this article, we take a look at why accepting crypto payments on your website could be the simplest, fastest and cheapest way to boost business and sales, and how to do it with ForumPay.
How crypto payments enhance the customer experience
Accepting cryptocurrency as a payment option can greatly enhance the customer experience by adding an extra layer of flexibility to your current workflow. Alongside the options to pay using a credit or debit card or another payment processor such as PayPal, crypto payments can present an even faster, more secure, and more private payment option for customers. Crypto payments can also significantly speed up transaction processing times, meaning quicker access to purchased goods and services. Unlike traditional payment railways that sometimes take several days to go through, crypto transactions are often confirmed within a matter of minutes.
What’s more, as cryptocurrencies continue to gain popularity among younger demographics such as millennials and Gen Z, businesses that embrace this payment method can reach these enthusiastic consumers who are generally more eager to embrace innovative and faster shopping solutions. Given the borderless nature of digital currencies, customers also gain in flexibility and convenience regardless of geographical location, making it possible to conduct business with customers around the world and accept payments without the hassles of currency conversion rates and fees.
What is ForumPay’s crypto payment solution?
At ForumPay, we have designed a solution that allows your customers to pay using their digital crypto funds while you get paid in the local, traditional currency of your choice. Our research has shown that crypto adoption is on the rise, with now over 575 million crypto wallets in existence. The number of merchants and businesses accepting crypto payments is also growing, demonstrating a clear shift towards a more inclusive and versatile payment ecosystem. This trend not only reflects changing consumer preferences but also indicates that businesses integrating crypto payments are better positioned to attract a broader customer base, enhance their competitive edge, and future-proof their operations.
ForumPay can be integrated into any size of business website, whether that’s an independent store, or a multinational corporation. Businesses that make the choice to accept crypto payments through ForumPay have everything to gain, given that our technology removes the risk of crypto volatility, locking the crypto-to-FIAT conversion rate in at the moment of purchase and letting both buyer and seller know exactly how much they will pay and receive respectively. There is also zero risk of chargebacks, as all crypto transactions are final, and we are fully AML and KYC compliant in all jurisdictions that allow crypto payments.
Getting started with crypto payments using ForumPay
With ForumPay, integrating crypto payments on your website is a straightforward, free-of-charge process that, once complete, could open up exciting opportunities for your business. To get started, simply sign up for a ForumPay account, where you can easily access your merchant dashboard. This is where you’ll see each crypto-to-FIAT transaction registered, allowing you to watch your revenue accrue in real time, day or night. As we mentioned above, the beauty of merging your online PoS with crypto payments technology is not only borderless scope but also 24/7 accessibility. Once registration is complete, we will commence a seamless integration process that will allow you to accept crypto payments right away. Whether you’re using an e-commerce platform such as WooCommerce, Drupal, or Magento, we have pre-prepared plugins for a hassle-free setup.
Once ForumPay is up and running, it is a good idea to start promoting this new technology. Start by clearly communicating to your customers that you now accept crypto payments, highlighting the benefits of this payment method, including speed, security, privacy, and international validity. Boost customer confidence by explaining how the payment process works. Thanks to our real-time price determination, you can reassure customers that their transactions are free from volatility risks. Integrating ForumPay’s innovative solution and confidently notifying customers about the added flexibility and convenience of online crypto payments will help position your business as a modern and forward-thinking venture.
For more on accepting crypto payments on your website, visit www.forumpay.com, or get in touch with our sales team to discuss any questions you may have.
