CMM PAY-Comercium Coin
Online shopping is big business. More and more people are turning to the internet for their purchases — from personal items to homewares and even groceries, the need to visit a brick-and-mortar establishment is met with the convenience of doing it all at home.
For most people, it’s an easy option. We have credit or debit cards and bank accounts to finance our online shopping habits — and mostly paid for with fiat currency.
So you may be thinking ‘Why would expanding my eCommerce business to accept cryptocurrency benefit me?’ After all, your current customers are paying through conventional means. You’re waiting for your money to be processed through regular bank transactions, waiting longer if the payment is international, paying the additional fees for credit card transactions…not convenient for you or your customer.
What Makes Crypto so Good for eCommerce?
Cryptocurrency’s decentralized nature removes the need for intermediaries during the purchase process. No more waiting for funds to be transferred via banks across international borders — your customer pays, and within minutes, you have your money securely in your wallet.
There’s also an untapped market who could utilize cryptocurrency for their online purchases — those who don’t have the ability to open a bank account.
Cryptocurrency is anonymous — no identifying information is needed to open a wallet or even to purchase currency. People who don’t have the means or accessibility to open a bank account could potentially be introduced to the world of eCommerce via crypto. This could be particularly beneficial for those in developing nations, who would benefit from having access to online commerce.
In working to become the standard for commerce, cryptocurrency essentially wants to replace centralized currency transfers. What does this mean for you?
- Shorter wait times to get your money via customer transactions
- Better autonomy for you and privacy for your customers
- Low transaction fees and no middleman fees
- Cross-border transactions without exchange rates
- Protection against fraudulent charges
Broader Crypto Use = A Bigger Customer Market for You
As cryptocurrency becomes more widely accepted as a conventional method of payment, the customer base utilising cryptocurrency will grow. Markets with low eCommerce usage are likely to see an increase as cryptocurrency use rises. Current eCommerce markets with high usage are experiencing greater numbers of cryptocurrency transactions.
While the majority of people don’t use cryptocurrency every day, the rising acceptance of different coins (like Bitcoin and Commercium) are making its utilisation more accessible. By accepting cryptocurrency in your eCommerce store, you’re helping to encourage market growth, pushing the expansion into previously untapped markets.
IT IS WIDELY RECOGNISED THAT ACCEPTING CRYPTOCURRENCIES AS A FORM OF PAYMENT COMES WITH MANY ADVANTAGES
We’ve listed some of the most notable features you will be able to enjoy immediately after choosing CMMPay as your cryptocurrency payment gateway.
NO MORE CHARGEBACKS
NO MORE FRAUD
A Bitcoin transaction is immutable. Once a client has paid for a product or service, the money is in your account. Unlike credit card payments, charges cannot be reversed.
LOWER TRANSACTION COSTS
MAKE HIGH PROCESSING FEES A THING OF THE PAST
Credit card payments usually end up costing you a 2% to 4% fee. With Bitcoin, this amount is a low flat fee, not a percentage of the transaction.
YOU IN CONTROL OF YOUR MONEY
There is no third party-dependent waiting period the way there is with bank-owned payments. Once payment is successful, the transaction amount is in your wallet and accessible immediately.
You can convert Bitcoin into your local currency fiat at the end of each transaction, at the end of each working day/week/month or according to a custom set schedule based on your individual liquidity strategy. Hodl some, convert some – all entirely up to you. You are in control.
LOYAL CRYPTO CUSTOMERS
As a business, declaring that you accept Bitcoin and other cryptocurrencies means opening up your doors to a loyal and international group of customers who will be willing to pay attention to you simply because you are aligning yourself with their ‘tribe’.
ALL THE MOST IMPORTANT INFORMATION IN ONE PLACE
CMMPay’s own information management tool that is used to track your year-to-date (YTD) and month-to-date (MTD) cryptocurrency sales, view individual transactions and other metrics, plus view your business wallet balances. You can also access our support through the dashboard with a click of a button.
Stay in control of your cryptocurrency business finances on the go, the CMMPay dashboard is available on tablet as well as mobile devices. We always strive to improve our customers experience, therefore please do not hesitate to contact us with your suggestions and feedback.