How to accept Crypto as payment in your small business
It might sound like a reasonably new and risky option if you have only started dipping your toes in the crypto waters. The truth, however, is that accepting crypto as payments in your small business will open up a new audience of crypto enthusiasts. This will broaden your audience, offer you a huge potential payback and save you a ton of hassles. Crypto means lower transaction fees, which is not only good for you but also for your new customer base.
Accepting crypto payments on an online store means no chargebacks. Once a transaction is completed, the transactions cannot be reversed, which means no more chargeback costs.
Here’s what you will need:
Open a free user account.
Get yourself verified through our easy KYC method.
Open the wallets in which you would like to receive funds.
Have the QR code ready for clients to make payment, or add it to your online store.
Now let’s take a look at the steps and why they will help you
Open a free user account on Centralex.com, for the first step you will go through a simple email and password sign up, although we always suggest you enable 2-factor authentication.
Get yourself verified.
As regulations go, it’s always good to know who you are working with. At Centralex we work with some of the top firms in safety and security. Real-time monitoring of any transactions coming through are flagged as questionable trades. This keeps the ecosystem safe, and our users can sleep peacefully at night.
The KYC verification is done in a few easy steps, take a look at the KYC best practices for guidance.
Open the wallets in which you would like to receive payments.
This can range from many different tokens and coins, to start, choose a stable currency.
Have the QR code ready for your customers to send payments.
Simply add your QR code to your website or print it out and place it on your storefront. Clients can simply scan the code and proceed to make the payment.
Or alternatively, connect to merchant sites such as Magento or look at Shopify, which has integrated crypto payment options.
Thereafter you can proceed with delivering goods or services and also check every payment on our exchange platform.
And that’s it!
Easy setup, at no extra cost to you. A hassle-free way of opening up new doors for your small business as the world moves closer to crypto mass adoption.