Accept USDT as a business: How to get paid in Tether on your website?

The idea of digital payments brought up new financing opportunities to the world of digital trades. Cryptocurrencies proved to be done at a much faster pace than those of fiat and that gave reason to many online or brick and mortar stores to consider crypto assets for the expansion of their business and convenience of their potential and existing customers. Tether (USDT) is an in-demand payment method thanks to its good reputation among users. Many online and brick-and-mortar stores accept Tether as a valid payment method all around the world. To accept Tether you don’t need much to do. In the following post, we’ll tell you all about the steps you need to take before you start to accept USDT on your website or online marketplace. 

Why do I need to accept USDT?

As a new breed of cryptocurrencies called stablecoins which aim to keep cryptocurrency valuations stable, Tether is currently ranked inside among the top 10 coins by market capitalization. This position alongside a number of other reasons adds to Tether’s increasing popularity as a cryptocurrency payment method for customers who want to pay for goods or services via digital payments and are looking for merchants that accept USDT. here are some of them: 

• Tether is stable and reliable in nature and Tether price holds at around $1 per unit for most of its existence. 
• Among all stablecoins, Tether has proved to be one of the most stable cryptocurrencies in value, making it an overall trustworthy option in the world of digital assets. 
• Most major exchange services accept Tether. This makes it easy for users to buy or sell USDT when needed. 

How to accept Tether payments as a business?

So you run a business and want to accept USDT. Businesses who wish to accept USDT payments may get help from specialized providers to facilitate this process by offering them  a cryptocurrency payment gateway, known as a USDT payment gateway. An online payment gateway is a decentralized payment platform which allows merchants to accept USDt transactions and clients to be able to pay in USDT. 

A payment provider will smooth the way and eliminate the possible obstacles you might have had if you wanted to accept crypto on your own. You no longer need to worry about being a crypto expert and understand how it all works since your processor will be in charge of it all. 

With help from third-party services you’ll even be able to transfer the money to your bank account in your preferred currency once your payment has been made. Using a payment processor can lower the risk of exchange rates fluctuations, money scams and fraud too. 

Accept USDT on your website and online shop

The checklist to get started and accept Tether on your online shop includes choosing the best payment processor, integrating your payment method and finally offering the most cost-effective crypto payments to your customers on your online marketplace. 

Our recommended crypto payment processor is PayPax. PayPax is a leading crypto payment solution that lets you accept payments in more than 50 cryptocurrencies and digital money including stablecoins, tokens, and most popular crypto assets like Bitcoin, Ethereum, or Dogecoin.

The service enables everyone to accept USDT and cryptocurrencies conveniently. However, convenience always comes with a fee. In that case, PayPax offers competitive fees, updated based on mid-market data. Plus, it’s particularly user-friendly and everything is clear cut. 

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. 

Looking forward to accepting BTC on your website? Visit: Accept bitcoin as a business

Is it safe to accept Tether?

Due to  the lack of transparency about its inner workings, people sometimes find it rather difficult to trust Tether. 

A very controversial issue surrounding Tether (USDT) is that it’s formerly been used by criminals to launder money and this is because it’s difficult to  track whether Tethers have actually been exchanged for fiat currencies Or not. 

However, when working with Tether you don't have to go through fiat currency and that’s what makes Tether extremely popular among users to accept Tether or make payments using Tether. 

Nonetheless, there are a dozen other alternatives for you to choose insteads of Tether if you are still not satisfied or can not find enough reasons to accept USDT on your website or online marketplace.

Looking for other alternatives to accepting Tether? Visit: Accept Dogecoin as a business

What you need to accept USDT  

To accept USDT as a business you’ll need to create an official Tether wallet. Each crypto wallet comes with a digital address which can be shared with other users to send you funds in USDT, 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. 

An alternative way for you is to get help from a crypto payment service provider and enhiliate all the barriers. Using PayPax, you can sell your products and services online using various cryptocurrencies and accept Tether payments on your website. 

Another advantage of PayPax is that you no longer have to create an official USDT wallet and you can simply accept USDT without buying or owning one. When a customer pays you in USDT, PayPax converts it to your desired form of e-money or cryptocurrency.