How CoinRemitter is Changing the Way of Handling Online Payments

Online payments are important when over 2.7 billion consumers prefer online shopping. One may underestimate it, but handling online payments plays an important role. A gateway named CoinRemitter is becoming popular these days. It lets businesses accept crypto payments, but that's not all it's popular for. It is said to be changing the way of handling online payments. In this article, we will learn how this platform is revolutionizing the online payment system.

How CoinRemitter is Changing Online Payment Handling

Replacing Fiat Payments with Crypto Payments

Fiat currencies were used for years to pay online. However, they have some limitations. Fiat payments are slow and costly, especially for cross-border transactions. Cryptocurrencies are seen as a faster and cheaper option. Below are some reasons that make crypto superior to fiat:

• Low Fees: An average fiat processing fee ranges between 2 to 5%. On the other hand, the crypto processing fee on this platform is just 0.23%, which helps businesses save up to 95% on transaction costs.
• Security: Cryptocurrency transactions are more secure compared to fiat transactions. They don't require any personal information, and they cannot be reversed. Traditional payments are prone to bank issues and fraud, which is impossible with cryptocurrency payments.

Now, this is a cryptocurrency payment gateway. So, providing everything related to crypto only is justified. This platform doesn't have any conversion or exchange feature in fiat. Businesses can accept payment in crypto and settle them in the same way in their external wallets. This way, it invites firms to understand the crypto payments ecosystem and its benefits over fiat payments.

Making Cryptocurrency Payments More Beneficial

Cryptocurrency payments have many benefits if they are utilized properly. This platform makes them more beneficial with some useful offerings.

• Lowest Processing Fee: Its processing fee is the lowest in the market. This means that every other crypto payment processor charges higher fees than 0.23%. This can reduce your spend on transaction costs by up to 50%.
• Nearly Instant Settlements: Many payment gateways take time to settle funds. Slow fund settlements may result in budget issues and mismanaged cash flows. This crypto gateway automatically transfers funds to business owners' crypto wallets every 30 minutes. Businesses can have control over their funds quickly and plan their operations accordingly.
• Global Availability: Most international payment gateways are available in a limited number of countries. But CoinRemitter is available in more than 130 countries. So, businesses can easily accept crypto payments from international customers. Also, they don't have to worry about currency conversion taxes.

Making Crypto Payments More Accessible

Cryptocurrency payments can either be simple or flexible. Some payment gateways offer flexible solutions, but they can be challenging to use. On the other hand, some gateways offer user-friendly solutions, but they may have limited flexibility.

This cryptocurrency payment gateway offers multiple integration options. Here, Widgets offer easy integration with limited flexibility. On the other hand, the crypto API offers high flexibility with complex integration. Plugins have a balanced approach.

Multiple options allow more businesses to adopt this payment method. As more businesses start accepting crypto, we can witness this payment method being more accessible.

Increasing Privacy and Security

Sometimes, online payments are prone to fraud. This can happen if someone's personal details or credentials get leaked. Not submitting ID proofs can be a good option to maintain privacy. However, many crypto payment gateways have KYC. So, they may not allow registrations without ID proofs.

CoinRemitter allows KYC-free registrations. This means that business owners can register on this platform without submitting their ID proofs. Since there is no need to submit any sensitive documents, there won't be any risk of personal details being leaked.

Keeping credentials safe is also important. Sometimes, they may get leaked without realizing it. In this case, this crypto payment processor allows businesses to protect their accounts using additional security features. To detect unauthorized logins, there are the Login History and the Login Shield. To prevent them, there are two-factor authentication (2FA) and Login Shield. To take action, there is the Active Login feature.

Fund loss can happen if someone's wallet credentials get leaked. In such cases, businesses can limit daily withdrawals and turn off withdrawals from the crypto API docs. Businesses must keep their credentials safe. However, even if they get leaked, this crypto gateway helps them keep accounts and funds secure.

Conclusion

CoinRemitter has solved four major problems of online payments: High fees, privacy issues, security threats, and limited reach. It not only provided crypto payment services but also focused on making them more beneficial and accessible. That's how this crypto payment gateway is inviting more businesses to accept payment in crypto and changing the way of handling online payments.