You know that paying with crypto in some places is possible, but why not in every place? It comes down to a few key reasons, let’s break them down.
Educating Merchants About Crypto:
Many merchants don’t jump on the crypto wagon with full confidence due to a lack of consistent information about crypto. Some of the main points to consider when getting into crypto payments are the following:
- The benefits of crypto
- Why adopting and/or circulating crypto is important
- What kind of and how many people are spending crypto
- How crypto payments stack up against credit card payments
- How easy and risk-free it truly is to accept crypto payments anywhere in the world
Once the important features of crypto payments are cleared up, accepting crypto becomes a no-brainer. Although that is the case, one concern still arises: how to combat a volatile market.
Combating A Volatile Market:
Value fluctuation is imminent with crypto, whether for the better or the worse. ForumPay, for example, was designed to eliminate the volatility of crypto payments for merchants. This is done through instant price determination and conversion. To understand the importance of instant price determination and conversion it’s best to compare it to a “normal” crypto-to-cash transaction.
Normally there is a period of wait time between the moment a transaction commences to the time it is settled. As crypto value fluctuates, there is a risk that the value paid isn’t equivalent to the value settled. ForumPay eliminates that risk by immediately determining the price at the best available rate the moment a purchase is made and converts the funds into the currency of the merchant’s choice. Those exact funds are accumulated and settled into the merchant’s bank account daily.
Accepting crypto payments is easy with ForumPay. Installation is free and integrating ForumPay as a form of payment is easier than Visa or Mastercard. Talk to your favorite places about accepting crypto – it’s one of the best business decisions they could make! What are you waiting for? Spread the word about ForumPay today! And don’t forget to follow us on Instagram and Twitter for more on all things crypto!