5 Reasons Why Your Business Should Accept Ethereum

Ethereum (ETH) is seen as one of the most significant global cryptocurrencies after Bitcoin in the short term. The Ether currency is already becoming increasingly popular among several businesses, and here are five reasons why your business should accept Ethereum, or at least consider it.

1. Reduce Transaction Fees

Money makes the world go round, and that’s why it’s number one on our list of reasons to accept Ether. Ethereum will allow you to accumulate more money by significantly reducing transaction fees with your clients. Whether it’s a payment system like PayPal or a traditional bank, ETH offers competitive transaction rates lower than those of intermediaries.

2. Faster Transactions

The second reason is also related to money, albeit indirectly. If time is money, then Ethereum helps you save both, as ETH transactions are processed in real-time within minutes. There’s no need to wait for funds to trickle into your bank account at a snail’s pace.

3. Expand Your Reach

Businesses have never been more global, and failing to follow this trend could be costly. Cryptocurrencies like Ethereum allow you to purchase goods for your business from other countries without worrying about fiat exchange rates. Similarly, your international clients can use your services or buy your goods without the fees associated with using different currencies.

4. Additional Payment Option

When it comes to customers, you can never have too many, right? Adding an Ether payment option can broaden your business’s reach and attract clients from the crypto-enthusiast community. An additional payment option can only be beneficial, offering more flexibility to your clients.

5. Say Goodbye to Fraud

With Ethereum, fraud becomes a thing of the past, as paying with Ether doesn’t require clients to repeatedly provide personal and account information. The process is much simpler with ETH, and clients feel safer with the opportunity to shop anonymously and without risk.

Popular Ethereum Payment Gateways

Making Ethereum one of your payment options can be as simple as getting an ETH wallet address and making it visible on your site. However, this might not fully meet your business needs. Fortunately, there are services that help you accept ETH payments directly into your bank account.

Here are some popular Ethereum payment gateways that can help your business accept Ethereum payments:

• CoinPayments
• Coinbase Commerce
• ethPay
• Pay With Ether
• Coingate
• The Big Coin
• Savvy.io

Some services also allow you to accept payments in other altcoins, which can also benefit your business.