The e-commerce industry continues to grow at an impressive pace. Shoppers are purchasing everything from daily essentials to luxury items online. In the U.S. alone, e-commerce sales hit a whopping $1.119 trillion in 2023. While this growth benefits online retailers, outdated payment systems may spoil the shopping experience and business operations. In fact, 62% of customers may not return to a website after experiencing a payment failure. As cryptocurrency adoption rises, many business owners are finding a reliable crypto gateway to streamline transactions and unlock new revenue opportunities.
How CoinRemitter Unlocks Revenue Streams
By integrating this crypto payment processor, online retailers can unlock the full financial potential of their business.
Keep More of Your Revenue with Lower Fees
Traditional gateways and banks may charge a high fee for every transaction. This payment gateway for cryptocurrencies removes unwanted intermediaries and allows business owners to accept payment in crypto by paying just a 0.23% processing fee, which is the lowest in the market. This helps businesses boost profit margins, which can be important for startups and SMBs.
Expand Internationally Without Borders
This crypto payment gateway enables instant, global crypto transactions without the hassle of currency conversions or delayed settlements. If you accept crypto payments, you remove friction from international sales and open your online store to customers in emerging and unbanked/underbanked markets.
Attract Crypto-Savvy Shoppers
There’s a fast-growing segment of consumers who prefer to pay in crypto due to speed, privacy, and low transaction costs. Accepting crypto with this payment gateway for cryptocurrency allows you to benefit from this profitable and loyal customer base, which also gives your business a competitive edge.
Boost Sales with Seamless Checkout
CoinRemitter helps businesses provide a smooth, reliable checkout experience with crypto payment functionality. Also, it reduces cart abandonment caused by failed payments or security concerns. This improves customer satisfaction and drives higher conversion rates, resulting in increased revenue.
Diversify Payment Options to Increase Flexibility
Offering more payment options means fewer lost sales. This crypto payment processor supports a wide range of cryptocurrencies and tokens, including Bitcoin, USDT, Litecoin, and more, so online retailers can let customers pay in their preferred currency, which results in increased sales volume.
Faster Settlements = Improved Cash Flow
With the auto-withdrawal feature, online retailers can settle their funds quickly. Funds are automatically transferred to an external address within a few minutes, making settlements convenient. Also, withdrawals can be made from the API docs from the withdrawal tab. API Withdrawals allow businesses to transfer funds to an external address using valid wallet credentials.
Simplified Crypto Payment Solution
This payment gateway serves almost all purposes of accepting crypto payments. If you want to accept payments for your online business website, you can integrate open-source plugins or crypto APIs. If you want to accept cryptocurrency payments for multiple pricing plans, you can create and integrate a functional pricing widget. If you want to accept payments for an ICO or a crypto presale, you can create and integrate a functional crypto presale widget. Everything can be done without any technical expertise.
Such flexibility allows businesses to utilize cryptocurrency payments in a versatile way. Customers can experience a smooth payment process regardless of the platform, resulting in customer satisfaction and boosted revenue.
Reasons Not to Rely Only on Traditional Payment Systems
- Possible payment Fraud: Fraud in the digital payment space is increasing regularly. In 2022, global e-commerce fraud losses reached $41 billion and crossed $48 billion in 2023, which directly impacted retailers’ bottom lines.
- Cross-Border Complexities: As businesses expand globally, processing international transactions becomes more complicated. Traditional systems may not be capable enough when dealing with multiple currencies and can involve lengthy delays.
- High Transaction Fees: For small to mid-sized online retailers, the fees charged by traditional payment processors can significantly reduce profit margins, especially when operating on tight budgets.
Conclusion
In today’s fast-moving digital world, the way online retailers accept payments can make a big difference in their growth. Traditional payment methods may still feel convenient, but they come with some unwanted challenges. On the other hand, CoinRemitter offers a simple, secure, and cost-effective way to accept payment in crypto. With features like ultra-low transaction fees, fast and smooth global payments, and seamless integration, it helps your online retail business grow quickly. So if you’re looking to expand your business’s reach, improve your cash flow, and build a future-ready business, this crypto gateway can be a perfect solution to boost the revenue of your online retail business.
