Increase your conversions by crypto processing: how to integrate

The use of cryptocurrencies has many advantages that have made them popular. These include fast transaction speed, anonymity, low fees, and security.

Many online stores are going to enable cryptocurrency acceptance in order to give their customers more opportunities to pay for goods and services and thus increase conversion rates. Crypto payment by invoicing solution is one of the ways to do this.

The payment process itself, including invoicing, is intuitive, so site visitors who have ever used cryptocurrency will be able to make a payment without any difficulty.

No inflation

We live in a time when cryptocurrencies are beginning to be used almost more often than conventional money.

This is also due to the lack of inflation. The number of coins in this system grows at a certain rate, laid in such a way that it coincides with the rate of gold production on the planet. The maximum possible number of coins is strictly limited to 21 million Bitcoins. Since there are no political forces or corporations capable of changing this order, there is no room for inflation in the system. Because of this, cryptocurrency is even more reliable than gold.

Mechanism of crypto payments

Crypto processing, including a crypto payment billing solution, is suitable for any business model with both simple integration into current processes and launching as a new service. The main function of cryptocurrency processing is the ability to pay for goods and services with cryptocurrencies in online stores or venues. For example, if you plan to allow customers to make payments in bitcoin (BTC), then you need to integrate a traditional payment gateway on your site that allows you to accept bitcoin cryptocurrency payments in exchange for goods and services.

Some crypto payment gateways embed the function of creating a wallet for storing cryptocurrencies or the ability to connect to an existing wallet. It is also allowed to convert cryptocurrency into fiat currency and transfer money in local currency directly to the company's bank account.

The role of crypto processing

Crypto processing allows merchants to process transactions quickly and securely and accept customer transfers in cryptocurrencies. Today, most payment systems not only work with many types of cryptocurrencies but also make it easy to instantly convert cryptocurrency into fiat money thanks to a built-in fast conversion feature.

Crypto processing is an opportunity to automate and accept cryptocurrency payments on a website as conveniently as possible, use many financial instruments and receive transaction reports. You can always track the history of transfers, real-time payment status, and customer data in your personal account.

Crypto processing is a new method of attracting customers with a profitable and convenient payment method, which will strengthen the competitiveness of your company.

Why businesses should accept cryptocurrency payments

Cryptocurrency is virtual money that is counterfeit-proof and decentralized. They are cheaper and easier to use online, and banks and regulators cannot control and influence cryptocurrency transactions (block, freeze, suspend or delay) because all-digital money transfer data is stored in a blockchain.

Once you integrate into the cryptocurrency transfer platform site, you are, as the seller:

• accept, exchange, and withdraw funds;
• save on commissions;
•  get a high speed of money transactions;
• you scale your business and expand your geography by increasing your sales abroad without having to be tied to fiat money;
•  increase your customer base;
•  raise funds with new industry and modern payment methods;
•  increase the competitiveness of the company;
•  you use liquidity, i.e., you easily convert crypto into cash.

Solution for merchants and corporate clients

Aurpay's convenient and well-designed tool for accepting cryptocurrencies and accessing cross-border transactions of any format on your website using blockchain technology provides one hundred percent security of funds thanks to the high degree of transaction protection by strong encryption. Moreover, since the success of any online trading operation mainly depends on the speed of payments made, it is the instant transactions in crypto processing that become another significant plus in the work of your company. It is this factor that attracts customers the most.

And the main advantage of using crypto processing for merchants and corporate clients is prepaid cryptocurrencies. Convenient cards for cryptocurrency transactions are embedded by Aurpay in your merchant system and work at low set-up fees. They can be a great solution for companies that plan to pay employees in cryptocurrency.

Connecting crypto processing to your website

Deployment of crypto processing on your website is not different from the deployment of any other payment service. It's just necessary to fulfill step-by-step all terms of connection, which we described below, and in case of problems and questions contact managers or technical support.

Connection process

After successful checking of the documents, our managers begin the process of connecting crypto processing to your site, which includes the following steps:

• detailed acquaintance with crypto processing system
• program testing
• resolution of technical issues and questions regarding connection to customer's website
• the signing of appropriate documents on cooperation
• the final stage of connection and launch of crypto processing on client's website

Cryptocurrency volatility and how to protect against it

The advantages of cryptocurrencies are undeniable – decentralization, instant transfers, complete anonymity, and low transaction fees. Meanwhile, several key factors still prevent digital assets from becoming a mass instrument and becoming widespread. Among them are legal uncertainty, the influence of the information field, the low level of financial literacy in society, as well as the degree of value fluctuation, or more precisely – volatility.

Increased volatility of the cryptocurrency market is considered a common phenomenon, even despite huge fluctuations in price dynamics. The main factors in the volatility of cryptocurrencies can be:

• decentralized and lack of regulation by government agencies;
• lack of reference to the value, as, for example, the ruble rate depends on the demand for oil;
• impossibility to estimate the real value;
• the influence of the human factor on the exchange rate fluctuations.

So how to protect against the volatility of cryptocurrencies, which is mainly felt in commercial activities. In this case, crypto processing is the best tool to regulate the degree of change in the value of digital money. Instant conversion of cryptocurrency to fiat helps sellers avoid volatility and not lose out on rate fluctuations. As a result, he gets paid regardless of market volatility.

Conclusion

Answer yourself the question: "do I need all these advantages?":

• a great opportunity to increase the number of customers who are willing to pay in cryptocurrency;
• secure transfers that are not regulated by banking institutions;
• fast crypto transactions without delays;
• transparent transactions and detailed reports on customer actions;
• convenient cryptocurrencies at favorable rates.

Even one "yes" means the need to integrate cryptocurrency payments, moreover, with invoices.