Asia Virtual Solutions Introducing Cryptocurrencies as A Payment Option
At Asia Virtual Solutions, we are constantly looking at ways to improve the experience for people who navigate our website and that include the check-out experience that all users go thru when purchasing a product or service from us.
However, we have made significant progress and have now introduced 22 cryptocurrencies in our payment options to facilitate the user.
These cryptocurrencies include:
- Ether Classic
- NAV Coin
- Steem Dollars
Apart from this, we offer local bank transfers for our Thailand customers.
Advantages of Multiple Payment Options
Well, honestly speaking we do deserve appreciation for our smart strategies and vision.
We have facilitated our customers by offering multiple payment options. The multiple payment options surely translate into a bigger turnover and more transactions.
Moreover, the multiple payment options help us to win the trust of the customers. No wonder our customer portfolio has massively increased lately. Our image has also enhanced in comparison to our competitors.
There is no denying the fact that payment flexibility also contributes to customer convenience and comfort. We are of the opinion that when a customer feels comfortable buying from a certain store, then there is a probability that he might return to such a store again to make purchases in the near future as well.
Same has happened in our case.
Moreover, by introducing cryptocurrencies as a payment option, we are helping customers gain awareness about this new method.
This is why there are no chances that our unique marketing strategy may fail.
Introducing Cryptocurrencies as A Payment Method Can Influence Businesses
In fact, we had long-term plans up our sleeve. This is why we came up with the idea of introducing cryptocurrencies as a payment option.
Let us take Bitcoin as an example.
Bitcoins require zero transaction fees.
This can help to gain a higher profit margin. Moreover, the Bitcoins are introducing the concept of competitive pricing and setting an example of operating at a lower cost.
The biggest benefit of cryptocurrency as a payment option is that it is a new concept.
No wonder there are no taxes imposed on Bitcoins.
Additionally, the Bitcoin payments are completely anonymous and instantaneous as well. This is why it has paved the way for other cryptocurrencies as well. Moreover, only the owner of the wallet can make the payment from the wallet, and this is why there are minimal chances of any fraudulent activity taking place.
To further strengthen our multiple payment option strategy, we at Asia Virtual Solutions have got hold of reliable affiliates as well.
One such example is CoinPayments.
This platform provides an integrated payment gateway for the cryptocurrencies like Litecoin and Bitcoin.
CoinPayments plugin supports all the popular web carts available today, and this helps to speeds up the Bitcoin payments. Additionally, with CoinPayments, it becomes much easier for you to access your account using your mobile.
This is why all E-commerce site owners should make it a point to use the cryptocurrency processor CoinPayments.
Downsides of Accepting Cryptocurrencies as A Payment Option
Now, we want to give a realistic picture to our clients when analyzing the cryptocurrencies as a payment option.
This is why we feel it is important to look at the setback of cryptocurrencies as a payment option as well.
The biggest drawback is that you can only use cryptocurrencies for one-time payments and they cannot be used for subscription products.
People who are inclined to subscribing for products may not find the cryptocurrencies a convenient option in this scenario.
Well, you also need to be aware of the fact that payments made with cryptocurrencies are irreversible. This means that if you transfer the payment by mistake, then there is no possible way to get a refund for the particular services. If you store the digital currencies on your mobile or system and you lose it, then there is no way that you can get the cryptocurrencies back.
However, the truth is, advantages of the cryptocurrencies as a payment option are far more than the disadvantages. Apparently, it seems that these digital currencies will get more recognition in the near future. This is why more advancement can be expected in this direction.
What we are planning to do is that we will explore these digital currencies in more detail and remain updated with advancement in this field.
This way we will be able to bring about refinement in our payment option strategy that utilizes cryptocurrency as a key option.
WordPress Plugins To Accept CryptoCurrencies
Integrating cryptocurrencies on your WordPress site is very easy and a simple search on https://wordpress.org/ will give you plenty of free options that will integrate with cryptocurrencies.
WooCommerce Store Integration :
If you are running a Woocommerce store such as what we have on this website then you can easily start accepting cryptocurrencies. After trying many options we found that the easiest and most user-friendly option is a company called CoinPayments The offer the easiest integration of all we tried and they also have a free plugin called CoinPayments.net Payment Gateway for WooCommerce . You will be able to accept all mayor cryptocurrencies and have it automatically converted to the one of your choice.
Start Accepting Cryptocurrencies Today
Start accepting cryptocurrencies on your website today and give your customers the added options and the ability to increase sales