2024 is about to end in a few months, so we decided to check out some stats related to crypto payments to judge their performance in the ongoing year. Keeping the future growth projection aside, we thought of checking some individuals’ and businesses’ performances, especially crypto payment gateways. And we found some amazing stats.
We explored some of the best platforms, and they all were excellent in their own ways, but we couldn’t find a ‘well-balanced’ solution. Then we visited Coinremitter, which showed us some impressive stats, including 14 million+ crypto transactions on its crypto payment platform. This made us try it as a business owner.
Therefore, we analyzed what a business owner thinks normally while choosing a crypto payment gateway for his business and tried matching it with the provided features. So if you are a business owner looking to accept crypto payments for your business, this article may help you a lot.
First of all, let’s know what factors business owners commonly analyze before choosing a cryptocurrency payment gateway:
- Crypto Transaction Fees: Most business owners check this out first before making a decision. More than 50% of businesses may change their preferred payment platform for lower transaction fees.
- Supported Currencies: The list of supported currencies is generally checked by business owners to find out their preferred cryptocurrencies.
- Ease of Use: Business owners may also prioritize ease of use to save their valuable time.
- Security: Nobody will want to lose their funds or compromise their sensitive information at any cost. That’s why they will prioritize a payment processor with strong security measures.
- Global Reach: A widespread platform is also preferred especially when a business has international clients or customers.
- Support: This is another aspect that cannot be compromised. One may need the help of a platform’s support staff to get the issues sorted out quickly.
What Helped Coinremitter Cross 14 Million Transactions?
Firstly, we thought as business owners and found Coinremitter’s features nearly identical to one’s basic demands from an ideal crypto payment processor. Let’s discuss those features below:
Low Crypto Processing Fee
Crypto transaction fees or processing fees are the most important factors looked at by a business owner as they can directly affect a business’s profits. Being one of them, you will always prefer such fees to be as low as possible. We found only 0.23% processing fees on this platform, while average fees range between 0.5% to 1%.
So, if you are accepting crypto payments with this crypto payment solution, then you’ll be earning more profits by saving more than 50% on processing fees. This type of approach may have attracted more than half of business owners who are actively using this platform and have made them choose it over other crypto payment processors, resulting in a higher number of transactions.
Top Supported Currencies
At this point, you must not underestimate this platform. It supports 10+ cryptocurrencies, which may look less, but this may not be the truth. We feel that all the ‘useful’ cryptocurrencies are supported here, which are commonly owned by most customers. So business owners may not feel the absence of any cryptocurrency while accepting payments from customers. Keeping selected, popular, and widely owned cryptocurrencies like Bitcoin, Tether, Ethereum, etc may have convinced so many individuals to use this platform for making transactions.
Easy Integration Process
The easy crypto API and plugin integration reminded us of easy user experience or ease of use. Not every business owner has the necessary technical expertise to integrate any platform into their website. Integrating the crypto API or plugin may seem technically tough, but here, you can easily integrate them into your platform to accept crypto payments. This can be time-saving, especially for those with less coding expertise. This has made Coinremitter easily accessible to any business owner, increasing its usability across all sizes of business.
Reliable Security Features
As discussed above, no one would want to compromise his earnings. So, every business expects some type of security while accepting payments. With Coinremitter, you can have account security features like Two-Factor Authentication, Code Card, Login Shield, etc to prevent unauthorized access.
However, fund security features looked impressive to us. You can save your funds by disabling API withdrawals (withdrawals from crypto API docs) in case of compromised wallet credentials. You can also limit the daily withdrawal amount to secure your funds at some limits. Such security measures have helped this platform in gaining the trust of individuals, being one of the strongest reasons for achieving more than 14 million successful crypto transactions.
International Availability
We found this platform claiming to serve 130+ countries. However, we tried to confirm this at some levels and we can say that it will definitely work in your country. Also, your customers will be easily able to make payments from most countries, allowing your business to serve internationally. The international availability may have helped this platform reach a wider audience directly, resulting in higher usage and higher crypto payment processing as well.
Dedicated Technical Support
Luckily, we had no requirement to try out the support as this gateway was working flawlessly. However, we just explored available support. In our research, we found three ways to request the technical support. The technical support may not disappoint you as you can request support by live chat, email, or support ticket.
Last but not least, this type of technical support could have helped individuals and businesses stay longer with this platform, passively helping to increase the number of crypto transactions.
Conclusion
Coinremitter, with its useful features and low crypto processing fees, has proven to be a top-notch crypto payment gateway. From a business owner’s perspective, a ‘well-balanced’ crypto payment gateway can be more practical while accepting crypto payments than one with countable benefits. Having some extraordinary benefits like low fees and strong security measures with some usability add-ons like technical support and easy integration have helped it to be a balanced platform, which has significantly helped it be popular and cross 14 million successful transactions.
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