My take on accepting crypto payments as a business owner.

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Greetings everyone, happy new week, I hope you guys are alright and making ready to start the full function of the week, I wish you the best of luck. It's contests time, it's a challenge culture that makes this platform extremely active and interesting, this one, is organised by @josepha with great topic that captures the debate and contemplation of the society, titled "My take on accepting crypto payments as a business owner".

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Is cryptocurrency good for a business to accept as payment? Let us know why.

Having been in the knowledge of crypto currency for sometimes now, I must say capital yes, it shall be an ideal and decision in the right direction, to accept crypto currency the payment base for businesses, looking at the security of not carrying cash from one place to another, everything highly digital, in terms of system encryption.

Looking at easiness and fastness of business transactions if crypto currency payment is based on, and the lower service rate compared to credit card, crypto currency is like or liken unto whole sellers in this charge regards while others are like retailers charging high to meet up there experience and make profit as well. With the above points I strongly believe it is an ideal adopting crypto currency business payment base.

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Do you think integrating crypto payments into your business can boost your business above your competitors?

Yes, ceteris paribus - all things remaining equal, with full connection to the above points, integrating crypto payments into my business can boast the business above my competitors, looking at the fastness, easiness and security of fund and transactions, system highly encrypted.

At the same vein, and because of the uniformity of the currency in use, its a point that business can wax global irrespective of local, there Will be easiness of triggering business above a confined location hence biting the business competitors in the other wise.

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What are the risks of accepting cryptocurrency as a business owner?

There will be no much risks, except for system mismanagement due to human errors and at that there could be occurrence of permanent lose likely not reviseable or traceable unlike physical cash management I supposed.

There could be controversy between business men and the network providers or less this end is fully taken care of, were the system is as fast as it is right now without network hiccups. But remained amazing at a few minutes payment confirmation without delay I supposed.

With respect to fees, this is generally true. Merchant processors will typically charge a 1% transaction fee, compared to credit card transaction fees of about 2.5%. With this, are you considering taking the plunge into accepting crypto payments?

Yes this is a senero, where I compared crypto payments base and cash payment base, to wholesalers and retailers because the crypto charge is smaller due to that the system has provided much enabling environment such as a payment system been in the digital format, but cash payment has a lot of experience to cover hence 1% and 2.5% charge, I supposed.

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If you were to start accepting cryptocurrencies today, what are the five cryptocurrencies that you would accept?

Steem, HIVE, TRX, Bitcoin and sereycoin.

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Highlight the key difference between crypto payments and credit card payments.

Crypto payments is cashless in that it's not physical payment to touch but credit card payment is feasible cash payment

Crypto payments system is encrypted but credit card is not.

Because of system encryption, crypto payments is more secured in use that credit card.

Because of special system organisation, crypto currency is more cheaper than credit card. I supposed.

Thank you everyone this is my idea entry to this contest and invite @entity01, @ruthjoe and @petface.

Thank you.