EMC2 Billing leverages a fixed exchange rate for processing cryptocurrency payments.
How it works:
• Your customers select the cryptocurrency they would like to use for payment, such as Bitcoin or Ethereum.
• You choose which currency (i.e., USD, GBP, or EUR) you would like to receive your customers’ payment.
• Then when customers pay using cryptocurrency, EMC2 Billing uses a fixed exchange rate to convert the crypto into your preferred currency for payment and sends it to your bank account.
There are several benefits of enabling cryptocurrency payments from your customers:
Enable instantaneous transactions from around the world. You don’t have to wait for funds to become available in your account.
Acts as an international currency, making it easier to sell globally.
Avoids fraud and chargebacks because cryptocurrency behaves like cash.
Acquire new customers who like more payment options.
Saves money by no longer requiring transaction verification, saving 2-5 percent on each transaction.
Frees payments from being bound by a country’s exchange rate.
It allows multiple individuals to contribute to a single purchase, like crowdsourcing.
Cryptocurrencies are a new technology, and they are considered high risk because:
Businesses don’t know how to manage and keep their crypto safe.
Cryptocurrency prices are incredibly volatile.
Regulations and taxes can be confusing and complicated.
EMC2 Billing mediates these risks for you so that you can accept cryptocurrency without all the liability.
EMC helps businesses in the adult industry with payments.
EMC helps businesses who need dating payment processing.
CBD payment processing is easier than ever with EMC.