Cryptocurrency payment processors are financial tools that allow companies to receive payments in cryptocurrencies, however, even though these payment processors offer several benefits for companies and consumers in general, some myths have been generated about their use. Here are the most common myths about these payment processors.
High transaction fees
Some people and businesses believe that cryptocurrency payment processors are an expensive alternative, as they have high fees for each transaction. However, the truth is that cryptocurrency payment processors generally have cheaper fees, especially compared to more traditional payment systems such as credit or debit cards.
Payment method with low security level
Another myth about payment processors that accept cryptocurrencies is that it is an “unsafe” or “unreliable” means of payment. However, the truth is that many payment processors have different security protocols, in addition to complying with the main regulations and standards of the financial industry.
Limits companies to manage assets in cryptocurrencies
Some people think that payment processors only allow handling cryptocurrencies. However, many of these processors also accept payments in FIAT money. We must take into account that many financial institutions and Fintechs that provide this service, generally allow the conversion of cryptocurrencies to Fiat money, which offers greater convenience and flexibility, both to the company and to its customers or users in general.
System limited to one platform
Some people think that cryptocurrency payment processors are payment methods that are limited to a single platform or ecosystem. However, the truth is that this service is offered by several financial institutions specialized in the application of technology in the financial field (Fintech), which are adapted to new technologies, offer technical support and their financial solutions are adapted to multiple platforms and devices: applications for smartphones (iOS and Android), tablets and websites.
Complex platform
Some people and companies think that the ecosystem or platform to operate a cryptocurrency payment processor is complex or difficult to use. However, many payment processors have an intuitive and user-friendly platform, in addition to offering support/advice to facilitate its use. For example, companies that have Pilsenga’s cryptocurrency payment processor have a versatile, user-friendly, and intuitive platform, in addition to a highly personalized support service tailored to the needs of the company.
What do you think about this topic, and would you like to learn more about Pilsenga’s cryptocurrency payment processor service?
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