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Tap into new customer segments and generate additional revenue globally. With the growing popularity of crypto, there is a rising interest among businesses and customers to engage in online transactions using digital currencies for purchasing products and services. Major international businesses like Microsoft, Tesla, and WordPress now accept cryptocurrency, leveraging the wide array of benefits that alternative payment methods provide.
As cryptocurrency adoption rises globally, Australian businesses are increasingly exploring the option of accepting crypto payments—a trend that not only aligns with evolving consumer demands but also provides opportunities for growth and competitive advantage. A recent report, the Future of Digital Payments for Business in Australia, put together by The University of Sydney Business School (USBS) and Stripe Payments, was unveiled at the Intersekt Fintech Festival in Melbourne in late August 2023.
In 2024, a significant 55% of Australian merchants and consumers expressed interest in transacting in cryptocurrency, with popular digital assets like Bitcoin and Ethereum leading the way. This shift is further supported by the enthusiasm of nearly half of Australian businesses, who report they’re ready or planning to implement crypto payment solutions within the next year as per Crypto.com and Datamesh.
Leading No KYC crypto payment gateways like MaxelPay have streamlined the process, enabling businesses to accept crypto payments while minimizing volatility risks.
In the past couple of years, the transaction volumes of stablecoin digital currencies have surpassed those of both Mastercard and PayPal globally. Customers now have the option to make payments using Bitcoin, USDT (Tether), USDC, Ethereum, DAI, LINK, MATIC, and other cryptocurrencies.
The immutable and decentralized nature of cryptocurrencies offer several advantages over fiat currency for business operators. Accepting cryptocurrencies as a payment method provides five key benefits:
Prevention of Chargeback Fraud: Cryptocurrency transactions are immutable, making them immune to chargeback fraud which is a significant problem in the ecommerce industry, resulting in annual losses of over $25 billion.
Lower Transaction Costs: Compared to the complex fees associated with credit card payments which can range from 2% to 10% per transaction, cryptocurrencies like Ethereum or Bitcoin typically offer much lower and flat transaction fees, saving merchants thousands in transaction costs.
Immediate Availability: Cryptocurrency payments are available almost instantly without the need for intermediaries, unlike credit or debit card purchases which often involve holding funds for a waiting period through traditional banking system-operated payment gateways.
Access to New Customers: Accepting Bitcoin or other cryptocurrencies as a payment method can attract customers who prefer using digital currencies for transactions, opening up business opportunities with a previously untapped clientele.
Integration of Blockchain Technology: Accepting cryptocurrency payments is a strategic move towards potentially incorporating blockchain technology and leveraging its benefits in your business operations.
Leverage the power of cryptocurrency for faster, more secure payments. Elevate your business with MaxelPay.
MaxelPay is a comprehensive cryptocurrency payment solution designed to simplify digital payments for businesses. With MaxelPay, businesses can accept a wide range of popular cryptocurrencies while also benefiting from features such as easy integration and secure transactions. Here are some standout features of MaxelPay:
Secure Payment Processing: MaxelPay leverages blockchain technology to ensure secure, transparent, and traceable transactions.
Seamless Integration: MaxelPay’s flexible integration options make it easy for businesses to add cryptocurrency payment options to their websites or online stores.
By using MaxelPay, businesses can enhance their payment systems while maintaining security and ease of use for their customers.
Getting started with MaxelPay is a straightforward process. Here’s a step-by-step guide to setting up a MaxelPay account:
Sign Up: Visit the MaxelPay website https://www.maxelpay.com and sign up for an account by providing basic information without any hassle of KYC/KYB.
Create Your Wallet: Once your account is set up, create your wallet to receive cryptocurrency payments. Make sure to back your wallet to secure your keys.
Integrate API: MaxelPay allows you to select the preferred languages for API integration.
Setting up MaxelPay takes only a few minutes, making it an accessible solution even for small and medium-sized businesses.
Integrating MaxelPay with your e-commerce site or any other type of business website is simple and flexible. Here’s how to get started:
Website Plugins: MaxelPay offers plugins for popular ecommerce platforms like WooCommerce. Simply install the MaxelPay plugin into your wordpress website and configure your account details to start accepting payments.
Language Code: For businesses with custom-built websites, MaxelPay provides HTML code that can be easily embedded into checkout pages.
API Integration: Advanced users can use the MaxelPay API to create customized cryptocurrency payment flows, allowing for a tailored experience that meets specific business requirements.
MaxelPay stands out against competitors by offering lower transaction fees, stronger security features, and Non custodial wallet. While competitors may offer similar functionalities, MaxelPay’s focus on the global market and customer support, positioning it as a superior choice. Comparisons with gateways like BitPay and CoinGate will highlight MaxelPay’s lowest fee, just 0.4% without any hidden cost.
Ready to bring your business into the future with secure, efficient, and flexible payment options? MaxelPay is here to help Australian businesses thrive in the digital age by providing a trusted, compliant, and customer-friendly crypto payment gateway. Join the ranks of forward-thinking businesses embracing the power of cryptocurrency to reduce transaction fees, attract new customers, and simplify financial processes. Explore MaxelPay’s unique features today, and see how easy it is to integrate a crypto payment solution tailored to your business needs. Start your journey with MaxelPay and stay ahead of the curve in Australia’s rapidly evolving payment landscape!
Tap into the growing crypto market and increase your conversion rates by accepting fast, easy, and secure crypto payments.
