The obstacles to crypto payments & how to overcome them

The Obstacles Holding Back Crypto Payments (and How to Overcome Them)

The potential of crypto payments is undeniable: cross-border sales increases, new customers flock, and fees are low. Yet, despite these benefits, only approximately a quarter of small businesses accept crypto. Why?

This article dives into the 5 biggest roadblocks slowing down crypto adoption and reveals solutions that pave the way for a smoother journey.

The Roadblocks:

  • Integration Complexity: Integrating crypto into existing systems often seems daunting. A great majority of businesses cite this as a major concern when asked about crypto payments.

  • Security Fears: The volatility of the market and concerns about fraud and regulatory uncertainty create hesitation.

  • Lack of User Awareness: Many potential customers lack understanding of crypto, further hindering adoption, and payment volumes.

  • Limited Payment Options: Merchants often fear that offering fewer payment methods could deter customers.

  • Unclear Return on Investment: The perceived benefits of crypto compared to traditional methods aren't always quantified.

The Solutions:

  • Partner with Experts: Choose a trusted provider like Quickbit with ready-made solutions and proven security, eliminating the need to build from scratch.

  • Prioritize Security & Regulation: Look for providers with industry-leading security measures and compliance with global regulations, like Quickbit a partner that holds licenses to operate globally.

  • Educate Yourself and Your Customers: Provide clear resources and educational tools to both your team and your customers, building trust and understanding.

  • Offer Diverse Options: Integrate multiple popular cryptocurrencies and stablecoins, catering to a wider range of customer preferences.

  • Quantify the Benefits: Track and showcase the tangible gains from crypto payments, like increased sales and lower fees.

Leading the Charge: merchants see a rise in cross-border sales, proving that overcoming these hurdles is possible.

Here's how they do it:

  • Seamless Integration: Their platform offers a smooth onboarding process and dedicated support, simplifying integration.

  • Unmatched Security: Choose a partner that has high-end security systems in place to maximum security and fund protection for your business and customers.

  • Regulatory Compliance: Adherence to strict regulations like the Money Laundering and Terrorist Financing Prevention Act provides peace of mind. Read more about the regulations in this article.

  • Customer Education: offer dedicated resources and support to help both merchants and customers navigate the world of crypto.

  • Multiple Payment Options: Support for various cryptocurrencies and stablecoins caters to diverse customer preferences.

  • Competitive Fees: Low transaction fees make crypto adoption even more attractive.

The Future is Crypto

While obstacles remain, solutions like Quickbit Pay lowers the barrier to entry for businesses by making crypto payments easier and more accessible than ever. By addressing concerns and showcasing the real benefits, we can unlock the full potential of this revolutionary technology and usher in a new era of faster, cheaper, and more inclusive global commerce.

Start accepting crypto, for your business today.

With Quickbit Pay, a licensed crypto gateway.
Integrating a new payment method into your existing infrastructure has never been easier. With Quickbit Pay, the process is seamless and requires minimal effort on your part.

This means that you can allow your customers to pay in crypto and offer a seamless payment process without any disruptions to your business operations.

The benefits of using a licensed crypto payment processor to accept crypto are compelling. By entrusting Quickbit to handle all the conversion and transfer processes, you will:

  • Avoid volatility risk

  • Enjoy instant confirmation on all cryptocurrency transactions

  • Get settled in your bank account, in your local fiat currency, the next day

  • Cater to all crypto wallet users. Our solution is compatible with all digital wallets.

  • Full compliance and global reach with a licensed crypto partner in Quickbit

This means that you can enjoy the perks of accepting cryptocurrencies as a form of payment without the hassle of managing crypto!

Set up a meeting with one of our specialist’s here to get started.