BCGAME - Free 5BTC Daily Bonus!There are several reasons why you or your company should accept Ethereum. It is estimated that Ethereum (ETH) will become the most important global cryptocurrency after Bitcoin. Ether is already gaining traction among a number of businesses, so we give you five reasons to take Ethereum or at least consider it if you don't want to risk being left behind.
5 reasons why your company should accept Ethereum
1. Save on transaction fees
Money makes the world go round, and this is the single most important reason your company should accept ETH. Yes, Ethereum does allow you to keep more money in your pocket as it drastically reduces the transaction costs you incur when dealing with your customers. Whether it's a payment system like PayPal or a regular bank; ETH will offer you more competitive transaction costs than conventional methods, which actually profit from being in-between.
2. Faster transactions
The second reason on the list is also indirectly related to money. If time is money, Ethereum will allow you to save both as ETH transactions are processed in minutes. There's no reason to wait for the money to reach your bank account at a snail's pace.
3. Globalize your disclosure
Companies have never been as globalized as they are today. Failure to follow this trend can benefit your competitors and harm your business. Cryptocurrencies like Ethereum allow you to purchase goods for your business from other countries without having to worry about exchange rates. Likewise, your overseas customers will feel closer to your business if they don't need to consider the various conversion rates that come with using a diverse range of currencies.
4. The additional payment option is always good
Speaking of customers, you can't have that many, can you? Adding a payment option that involves Ethereum will expand your business' reach and allow you to join the community of crypto enthusiasts and beyond. An additional payment option is unlikely to harm your business as it will benefit your commercial efforts by offering more flexibility to your customers.
5. Say goodbye to fraud
With Ethereum, fraud and scams will quickly become a thing of the past, as payment with Ethereum does not require you to enter any personal or account details. With ETH, this process will become much more natural and customers will feel more secure when they have the opportunity to buy from you without unnecessary risk while enjoying the benefits of anonymity. In addition, your online business will never suffer from chargeback fraud again as it is impossible to reverse Ethereum transactions.
In addition, Ethereum projects like Monetha (MTH) and UTRUST (UTK) are working on reputation management systems that will record all frauds in an immutable ledger.
Most popular payment gateways for accepting payments
Making Ethereum one of your payment options can be as simple as getting an ETH wallet address and making it visible on your website. However, this may not entirely satisfy your business needs. You will be happy to know that there are services that help you to accept ETH payments and pay fiat directly into your bank account.
Here are some of the most popular Ethereum payment gateways that can help your business accept Ethereum payments.
- CoinPayments
- Coinbase Commerce
- ethpay
- pay with ether
- coingate
- The Big Coin
- Savvy.io
Some of the services also allow you to accept other altcoin payments, which can also be beneficial to your business.
