Cryptocurrency Merchant Accounts
Cryptocurrency processing has been in the limelight for quite a while. Although, the decentralized currency concept did not have much success in the past, but it is regaining popularity with Facebook’s announcement to release Libra.
Future of cryptocurrency
With no central body to control the flow of the money, the cryptocurrency is solely driven by the market. Thus, it is becoming choice of the people since, no external force can illegally manipulate the market for their own benefit. Hence, people are accepting cryptocurrency and it is a matter of time when political powers adapt to this rising demand.
How do I get Cryptocurrency Merchant Accounts?
PurePay provides Cryptocurrency merchant accounts for e-commerce merchants with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries. So, call us today if interested in getting Cryptocurrency merchant accounts at + 00 44 20 80 89 83 35, or simply click the links below to get started.
PurePay’s solution is available for e-commerce businesses, offline businesses and more.
What costs do you have associated with your Cryptocurrency Merchant Accounts?
Fees that PurePay will charge depends factors like: Processing history, method of sales, Countries, Volume of sales, and products. In addition, all merchant accounts are unique but included terms stays the same for most:
- Merchant Discount Rate
- Transaction fees
- Monthly gateway fee
- Zero – Six-month rolling reserve (Depending on bank and risk exposure)
- Chargeback fee
- Refund fee
Why is cryptocurrency defined as high risk?
Although, preference for cryptocurrency is increasing, past incidences have not been very encouraging. In the era of Bitcoin, cryptocurrency has seen peak and also lowest point. Thus, with introduction of another cryptocurrency like Libra, as much as people are excite, it gives rise to many speculations as well. Nonetheless, virtual money is taking over our lives slowly. Therefore, our demand for non-centralized money will keep on increasing.
What are cryptocurrency?
Cryptocurrency is a form of virtual money. Unlike traditional currency, it is not controlled by any central body. The market drives the prices as per the need. You also do not need to wait for central bank to print money! The currency demand is met through generation of the money through the blockchain technology.
Benefits of cryptocurrency
Cryptocurrency can make your business run faster! Imagine having all your payments received through digital cash. Among its major benefits are:
- Low chances of fraud
- Immediate settlement of dispute
- Lower transaction fees
- Low risk of identity theft
- Easily accessible
- Decentralized currency
- Rising recognition
The benefits are evolving every other day with people realizing how cryptocurrency is making our lives easier in terms of payment. Above all, the decentralization of the currency gives people a sense of freedom and unity under a single currency.
PurePay as your partner
In conclusion, now that you have a clear understanding of not only what cryptocurrency is and why it is high risk, you know now understand why PurePay is your best choice to help you. We understand your needs and business like no other and we will work 24/7 for you and to get you the best terms. After that, why wait? So get in touch with us today!