Crypto payments for small businesses: Benefits, risks and how to get started

Quick Summary:

It supports over 30 cryptocurrencies, including BTC, ETH and BNB (BNB), allowing for versatile payment options. The platform offers zero transaction fees for both merchants and users, making it an attractive option for businesses aiming to integrate crypto payments without incurring additional costs.

Notably, a recent survey revealed that 55% of Generation Z and 49% of Millennials earning over $100,000 annually admitted to engaging in digital shoplifting — a form of first-party fraud where consumers falsely claim issues with online orders to secure refunds or avoid payments. Additionally, businesses recognize that accepting cryptocurrency aligns with the preferences of a growing demographic of crypto users.

While specific market share data is limited, Coinbase Commerce is widely used by small to mid-sized businesses across sectors such as computer software, utilities and telecommunications. The platform offers a straightforward setup with no transaction fees apart from standard network costs, making it an attractive option for businesses looking for a simple crypto payment solution without intermediaries.

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Article Details

Author / Journalist: Cointelegraph by Bradley Peak

Category: Crypto

Markets: United StatesBrazilEstoniaJapanVenezuela

Topics: Cryptocurrency Accepting Businesses Bitcoin Transactions Digital Payments Crypto Small Cryptocurrencies Payment

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 15:14:00 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 1648 words

Reading Time: 10 minutes read

Sentences: 87 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27175935

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 237 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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