Did you know that cryptocurrencies are a means of payment to make purchases of products or services in ecommerce or electronic commerce? Well, in effect, it is another option that you have at the moment to execute these operations. What alternative to more conventional models, such as credit or debit cards. Or even electronic payments that have been imposed on monetary transactions in recent years.
Well, cryptocurrencies or virtual currencies have also been available for a short time. In which some financial assets as special as the Bitcoin, Etherum or Litecoin, among some of the most relevant of all. Although it should be noted that they differ from other means of payment because they are generated using a system of blocks called blockchain.
In any case, you have to know that after all we are talking about currencies and as such they are configured as an enabled means of payment that serves as payment method in online stores. Where from now on you will be in a position to discover all the advantages of using some of these cryptocurrencies in e-commerce. They are many and diverse in nature and it is convenient that you know their use in this kind of commercial operations.
Cryptocurrencies: what are its most relevant advantages?
The various virtual has become a financial asset that is on the rise in all operations, and how could it be otherwise also in digital commerce. You have to consider that if clients in the investment sector have these currencies because you cannot do the same with Internet purchases.
On the other hand, you don't have to limit yourself to one of these very special currencies. If not, on the contrary, you have a wide range of cryptocurrencies to choose from and not be limited to Bitcoin as some users believe.
In order for you to see the importance of this monetary segment, it must be remembered that at this time there are more than 1.000 coins with these characteristics. You just have to choose the exchange in pairs that best suits your needs to carry out the monetary transaction.
In all cases, you have to think that each one of them has different characteristics and, most importantly, a different market value as well. It is advisable to use the best known as it guarantees that there are users who own this currency. Although this action does not guarantee the operation that you will come to reality in the sense that it is more or less profitable.
Benefits of using virtual currencies
There is no doubt that the use of these financial assets entails a series of contributions that you must take into account from now on. These are some of the most important that you can detect with its start-up.
It is a means of payment that being very innovative it is in line with what digital commerce actually does. They are on the same line and with an upward path in positioning in the digital world.
Su speed and total control in payments is one of the common denominators in carrying out operations to pay for online purchases.
Has a very low commissions and in any case below those generated by conventional means of payment, such as credit or debit cards. With a saving of up to 33% on the final cost of the movements.
El control over operations and transactions it is completely effective. Where in the end it will be the ecommerce itself who has to offer its customers the assurance that the deal is honest.
Transparency can become another of the contributions of these virtual currencies. In this sense, there is no doubt that it will be possible to demonstrate in the event of a problem that a transaction has been carried out. There is no possibility to alter or hide the information on the blockchain. To the point that any incident that could be carried out in the transaction process can be detected.
It allows greater agility in the purchase payment processes, from different technological devices. To the point that it is not said vulgarly, you will save money and time with the formalization of this innovative payment system.
Tips for paying with virtual currencies
If you are going to opt for this financial asset when developing an online purchase, you will have no choice but to take into account some considerations about this special means of payment. As for example, through the following considerations that we expose you below:
It is not a monolithic means of payment, but on the contrary, you have many options to formalize this monetary operation. Of course, one way to do this is by configuring hardware wallets and exchange accounts. Another approach is to trust third-party systems. There are also plug-ins available that you can use so you don't have to configure it yourself, but in any case it is a more complex system that requires more learning in its application.
Nor can you forget that this class of financial assets are characterized above all by their high volatility and that the number of experts in these virtual currencies is increasing who recommend changing them to fiat currency as soon as they are received. The charges for accepting, processing and exchanging cryptocurrency payments vary, and can rival or exceed the cost of accepting more traditional payment methods. In this case, the strategy is based on making a change before making the purchase so that in this way it materializes through some of the more conventional or traditional currencies and of which you are perhaps more used to operating with them.
Cryptocurrencies are a digital asset, like money, whose ownership can be unequivocally proven and then transferred to a new owner. But in certain cases it may have a higher economic cost for your personal interests. Due to its fluctuations in the financial markets, with changes that can exceed the level of 500%, as has been shown in recent years.
Total cost of operations in virtual currencies
In any case, the use of this financial asset implies a series of expenses in its management and maintenance and in some of the expenses up to commissions. To the point that this movement can be penalized and that is the moment when the customer or user must consider whether it is appropriate to make their purchase online through this means of payment.
While on the other hand, security is another aspect that must be fixed from now on. In this context, these means of payment offer high security systems to operate with your digital assets. All financial transactions are securely encrypted. They have the DDOS system to encrypt the data and comply with the PCI DSS standards. This fact gives users a lot of confidence.
At another level, local and international regulations require that effective internal procedures and mechanisms be implemented to prevent money laundering. On the other hand, one of the first filters resides in the verification of our registration account.
Customer service from these platforms
The appearance of this service to protect customers is a pleasant surprise. In just a few years a very powerful section has emerged. Indeed, several internal communication channels are present. Something that on the other hand is so common in this class of digital platforms. We will have to resort to them to solve our problems. Also in the face of doubts in operations or in the deposit and withdrawal of funds.
The support department provides assistance to customers 24 hours a day, 7 days a week. It is one of the most satisfactory solutions we have at the moment. Through email channels, live chat, hotline and assistance this help can be substantiated. We can therefore choose between several alternatives. The fastest is channeled through live chat and whose resolutions are almost in real time. Good news for all new users.
Finally, it has an international telephone line. It is the most unsatisfactory and least effective proposal due to its high cost and because it does not always respond to our demand effectively. Nor does it lack the traditional frequently asked questions or FAQs of the sector. Only for the most basic doubts. It does not offer as complete approaches as on other platforms.
Operations commissions
Transaction fees are not very transparent to users. With intermediation margins that can reach up to 0,2% on the invested capital. Anyway, they are somewhat complex to calculate. They depend on the means of payment and the amount made. But they are not very visible on the web page. To the point that it may cause some doubt among investing users.