Benefits of using Cryptocurrency as a Payment Option

Transacting in cryptocurrencies has several advantages for both freelancers and the companies that hire them. Transaction fees (which often range from none to 1%) are typically much lower than standard merchant transaction fees via bank wire transfers or credit cards. This is because cryptocurrency transactions do not require bank verification, and happen automatically.

With cryptocurrency payments, your money arrives quickly, usually within a few minutes. With COINQVEST built on the Stellar Network, crypto confirmations take seconds. Payment times are much faster than credit card transactions because no centralized institutions are required to check each transaction.

Freelancers and businesses also benefit with crypto because requesting and sending money to people in almost any country in the world is frictionless. This solves the problem of freelancers and businesses trying to find a common payment method, currency, and exchange rates. Many other national restrictions such as banking payment systems, foreign transaction fees, are reduced or eliminated.

As a result, cross-border collaborations, particularly in developing countries, become much more appealing and workable. Large as well as micro payments become feasible and are securely transferred between parties who have never met. How can you get started accepting and making crypto payments?

Hosted checkouts and invoices with COINQVEST

For freelancers, creating invoices and accepting cryptocurrency payments via COINQVEST is a breeze, especially with hosted checkouts and simple invoicing. You can send itemized invoices to your clients anywhere in the world in minutes and keep detailed records of transactions and accounts.

Hosted checkouts are the easiest way of integrating with COINQVEST. Read our post that explains how to create charges in your local currency and compliantly settle payments originating from the most popular blockchains.