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Accept Ethereum as a business: How to get paid in ETH on your website?

PayPax makes it quick and easy for websites to start accepting Ethereum payments. With excellent compatibility and easy to use APIs you can start accepting Ethereum payments in addition to more than 50 other methods in an instant. So if you are a business manager or online store owner, register for a PayPax account now.

Accept Ethereum as a business: How to get paid in ETH on your website?
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If you also believe in the bright future that is yet to come for Ethereum, then this might be helpful to you. In this article we will tell you about all the advantages that come along with Ethereum payments and ways to simply accept Ethereum as a business. 

Why do I need to accept Ethereum?

The growth of Ethereum in the year 2021 has put many debates whether the asset will surpass Bitcoin in performance and growth. Some even believe that Ethereum could be the primary protocol in crypto. Being able to pay in Ethereum has numerous benefits. Whether or not Ethereum becomes the primary asset in the crypto market, it is many people’s choice for their online payments. As a consequence, vendors and those who run an online business also consider ways to accept ETH as a business

Crypto is pretty much a newly raised industry compared to fiat and others. Thus, people are not yet fully aware of the superiorities that come with accepting crypto payments. However, this does not change the fact that crypto payments are way more customer friendly and beneficial for both the customer and the vendor. 

One of the major benefits for those who want to accept Ethereum is that Transactions in the Ethereum blockchain are considerably quicker compared to other blockchains. As the second largest cryptocurrency, Ethereum network is one of the safest and most reliable ones. This means that if you buy or sell ETH, store it in your e-wallet or make payments with it, there is no risk of interference or no danger of fraud.

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How to accept ETH payments as a business?

Another significant reason why many choose to accept ETH as a payment method is that Ethereum is moving to a proof of stake consensus mechanism. Ethereum Merge will not only increase the number of its transactions and accelerate their speed, but also reduce the risks concerning environmental issues involved with Ethereum mining. 

If you want to accept ETH payments as a business, you can do it two ways. One is to do the job all on your own which is of course not very much to your benefit since it is very time consuming. The second is to get help from specialized providers to facilitate this process by offering them an online payment gateway

An online payment gateway is a decentralized payment platform which allows content creators to accept Ethereum payments, and clients to pay using ETH directly without having to deal with it on their own.

Accept Ethereum on your website and online shop

As mentioned above, the recent Ethereum Merge has brought lots of benefits to the Ethereum ecosystem including an improvement in the price of Ethereum. This alone is a good reason for investors and traders to want to pay with Ether. Therefore, it can be good on both you and your customer’s side to accept  Ethereum payments and be able to pay in ETH. 

The checklist to get started and accept ETH payments is to look for a reliable payment provider and online gateway to bring you and your customers the convenience they want with their financial aims. 

Our recommended provider is PayPax. PayPax is a leading payment provider and crypto payment solution that will let your customers pay you in more than 150 cryptocurrencies and digital money including Ripple. 

PayPax offers API, instant payments as well as 24/7 customer support desk for you to easily integrate your payment methods, bring the most cost-effective solutions to your potential customers and expand your business ever more globally. 

Is it safe to accept ETH?

As already mentioned, Ethereum runs on a decentralized network that is immune from any external or third party involvement. Plus, Ethereum transactions run through a smart contract mechanism that lowers the risk of fraudulent activities significantly. However, it is worth mentioning that cryptocurrencies are not backed or supported by any institution or regulatory force and thus their security stands in a lower position than bank transfers. 

However, choosing a payment provider can lower the risk of cybersecurity issues to a high extent. PayPax will prioritize your security and won’t share any of your data without your prior permission.  Nonetheless, it is also your responsibility to take care of your funds by keeping your data private. 

Looking for an alternative to ETH payments? Visit: accept Tron as a business

accept ethereum

What you need to accept Ethereum 

In order to accept Ethereum as a business you will need to create an official ETH wallet. Each crypto wallet comes with a digital address which can be shared with other users to send you funds in ETH, but you need to consider the fact that it can not be brought to your website directly and will bring about lots of troubles for customers who have technophobia or are not fluent in working with digital and e-commerce platforms

However, getting help from a payment provider is a more easy and effective option. As previously said, PayPax can help to streamline the procedure and provide you with the ease you want. Furthermore, PayPax eliminates the requirement to create an official Ethereum wallet and eliminates all associated obstacles.

PayPax is a low-cost and effective solution that will keep your consumers returning to your online store. Furthermore, the variety of payment options provided by PayPax will not cause any of your clients to abandon your website. PayPax will benefit both you and your consumers. Sign up right away to simply accept ETH or any other sort of cryptocurrencies.

Want a better alternative? Visit: accept XRP payments as a business

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