What Weaknesses Are Often Exhibited by Crypto Exchanges?
how can exchanges and users go about reducing them and making the world of crypto that much safer?
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Crypto acquiring is the process by which merchants can accept crypto payments. As with fiat payments, a platform must be put in place if cryptocurrency is to be accepted, and with so many on the market, it can be challenging to find the perfect solution for you.
On this page, we’ll look at some of the most important features offered by crypto acquiring platforms, including auto-conversion and reporting features. You’ll then have a much better idea of what to look for when shopping for your crypto acquiring platform.
Auto-Conversion
We all know that most crypto is highly volatile, which can cause a problem for retailors, as they can’t continually react to fluctuations in price and amend their pricing accordingly. Luckily, the best crypto acquiring platforms can track price changes and automatically adjust prices. Without this auto-conversion, accepting crypto would be too risky for most businesses.
Money Management
It’s important to have the facility to accept crypto payments. But what happens once you’ve received the money? The best crypto acquiring solutions allow money to be sent directly to bank accounts, as well as to crypto wallets. This makes the movement and management of money particularly simple.
Acceptance of Multiple Cryptos
We’ve all heard of Bitcoin, but many companies only allow this one crypto to be used. Others, more mindful of the expansive nature of crypto, use a solution that allows multiple cryptos to be accepted. What’s more, the best solutions will be able to add new cryptos as and when they become widely used. The best platforms will also allow payments to be made in fiat currencies, which are still the preferred method of payment for most.
Multi-Account Access
Crypto acquiring technology should work autonomously, but there will still be the need for multiple staff members to access the system, for many reasons. The best solutions allow unlimited numbers of staff to access the platform using unique login details, plus they also allow administrators to set the permissions of all users.
Reporting Features
Effective solutions don’t just allow businesses to accept crypto payments. They also allow a multitude of reports to be generated, including those that might be required by banks and tax bodies.
Security
All crypto transactions accepted should be checked and verified using a service like Chainanalysis. This ensures that suspicious transactions are not sent to a business’ wallet.
Trust KUNA for Effective Crypto Acquiring Solutions
You’ll find many companies out there offering crypto acquiring solutions, but the solutions offered by KUNA are regarded as some of the best around. If you trust KUNA, you’ll gain all the features mentioned above, ensuring you are able to accept crypto payments, as well as invoice customers, run reports, analyse income, and more.
To get started on your journey to accepting crypto, reach out to a member of the KUNA team today. They’ll be able to take you through the various features offered by KUNA Pay, available to businesses ranging from clothes stores to restaurants, and everything in between.
