Online startups want to grab customers’ attention quickly. So, they include every possible tech on their website. One such technology is cryptocurrency payments. This payment method can attract young consumers, optimize payment flows, and position your business as forward-thinking.
However, startups may lack the technical or financial resources to accept crypto payments. They have different requirements compared to well-settled businesses. So, they need a crypto payment gateway that meets these unique requirements.
Startup Demands from Crypto Payments
- Quick Onboarding: Signing up on an online platform can be time-consuming. Startups often have hectic schedules, so they look for a crypto payment processor that offers quick registration.
- User-Friendly Platform: After signing up, the payment setup process is also important. Many startups may not have the staff or skills. So, they cannot move ahead if the setup is complex. That’s why they prefer a user-friendly platform.
- Low Transaction Costs: Startups are often low on budget. So, high profits are quite important for them. However, if the cryptocurrency payment gateway charges high fees, it becomes impossible to earn high profits. Therefore, they prefer a platform with low costs.
- Security: Cyberattackers may try to steal one’s assets. Startups (or any other business) will never want to lose hard-earned money due to such attacks. So, a platform with security measures is quite important for them.
How CoinRemitter Becomes Ideal for Startups
Quick Registration without KYC
The registration process on this crypto payment gateway is short and simple. Here, you only have to enter your name, e-mail address, phone number (optional), and password to create your account. You can rely on your Google account to sign up. This platform’s registration process doesn’t require KYC, eliminating the need for document submission and lengthy verification.
Apart from that, such a registration process also improves privacy. This platform doesn’t collect any personal information. So, startups and individuals don’t need to worry about the same getting leaked.
The quick, privacy-oriented process of this crypto gateway can be helpful to startups. They can get started quickly without wasting time in the onboarding process and focus on key business operations. Apart from that, they can also maintain their online privacy.
Easy Wallet Setup and Crypto Payment Integration
Wallet management and payment integration can be quite complex on some crypto payment gateways. Some startups aren’t capable of handling excessive complexity. Therefore, they prefer a user-friendly platform. On CoinRemitter, you have to follow a few easy steps to accept payment in crypto. First, create a wallet, and second, integrate the functionality into your website.
To create a wallet, you have to choose a currency you want to accept as payment. Then you have to select a few options and fill in a few input fields. To integrate the payment functionality, you have open-source Crypto Plugins, crypto API docs, and widgets.
Plugins work for selected platforms, such as WordPress, Magento, and others. They come with detailed installation guides, so startups can perform error-free installation. Crypto APIs are more flexible but complex. However, they also have instructions. So, startups can also use them easily if their website cannot install any plugin.
On the other hand, widgets provide an easier crypto payment integration. They consist of four options: Pricing Widget, Presale Widget, Payment Button, and Payment Page, each serving a different purpose. But the common thing is that they provide a user-friendly environment for creating a widget interface and then deliver outputs (code/URL) accordingly. So, this crypto payment processor has an easy wallet setup and integration that every startup needs.
Lowest Platform Fee
Crypto transaction costs mainly consist of network fees and platform (processing) fees. Higher fees can affect profits. Now, a cryptocurrency payment gateway cannot control network fees, but it can control platform fees. So, startups need a crypto payment processor that charges low platform fees.
CoinRemitter charges a 0.23% platform fee during withdrawal, which is lower than standard fees (0.5% to 1%). This makes it a platform with the lowest processing fees. With such an affordable platform, startups can save more and earn more in their initial days.
Dedicated Security Features
Hacking attempts are common for online platforms. Crypto payment gateways aren’t spared as well. Startups prefer a crypto gateway that offers robust security features to keep their sensitive account information and funds safe.
CoinRemitter offers dedicated features for security. You can secure your account login by adding a multi-step verification using 2FA and Login Shield. Apart from that, features such as Login History and Active Login help detect unauthorized logins and take the necessary action.
CoinRemitter wallets are protected by API keys and passwords. For additional security, startups can disable withdrawals via the crypto API docs and set a lower daily withdrawal limit. With such security measures, startups can trust this platform to accept crypto payments easily.
Final Thoughts
Startups have to consider many factors, as they are often in an early stage. Cryptocurrency payments are one of the most important features for modern online businesses to survive. However, if this payment method is complex, time-consuming, costly, and insecure, startups may have to compromise or look for alternate methods. CoinRemitter facilitates startups with a quick, user-friendly, affordable, and secure platform. So, startups can comfortably accept crypto payments using this platform.
