Tap Into a Rapidly Growing Market
Extending the possibility to pay with cryptos can also give you access to a growing market and attract new customers. The number of Crypto users is increasing daily, and thus accepting Crypto as payment is securing your side hustle.
It proves that you are innovative which sets you apart from companies that are languishing in the dark ages. Crypto lovers ensure they engage with the businesses that accept their preferred method of payment.
Borderless Payments without Fees
One major advantage of crypto is the ability to receive payments from anywhere globally without excessive fees or exchange rates cutting into your profits. Traditional payment processors can charge up to 3% per transaction, while crypto fees are just pennies.
Another benefit of cryptocurrency is the possibility to receive payments from any corner of the world without having the excessive percentage of the fee or exchange rate to cut profits. While conventional using payment methods, the providers demand as much as 3% for undergoing a single transaction, while, for the same task in cryptocurrencies, the charges are mere pennies.
Also, it is fast in paying, and there are no delays in waiting for the cash to clear the system. This type of money is different from traditional money; hence, you don’t have to worry about payment processors locking you out.
Enhanced Privacy and Security
Crypto transactions are pseudonymous, which means they don’t require the client and merchant to input their credit card numbers. This increases privacy and security in your interaction and those that you have with your customers.
The blockchain technology behind crypto is also extremely secure and resistant to fraud or chargebacks that plague other payment methods. Once a crypto payment is confirmed on the blockchain, it's final. No dealing with reversed transactions or other headaches.
Crypto is also one of the safest kinds of payments since the technology on its basis is very hard to deceive or perform chargeback, which is possible in the case of other variants of payments. For example, once the spent cryptopayment has been confirmed, that is it, and the payment will not be reverted back to the sender. No reversed transactions or other headaches to face, no no.
Easy, Low-Cost Setup
Setting up acceptance of crypto payments for your side hustle is simple and will not be bank breaking. The only requirement to receive money is an address of the wallet associated with cryptocurrencies. Regarding, several options for wallets and payment processors can be found with insignificant charges.
It remains easy to implement a “Pay with Crypto” button on your site together with your wallet address. Businesses require simple merchant accounts, and there is no need for third-party processors.
How crypto payments of Unipayment helps side hustle workers manage and receive income.
Instant Global Payouts
Well no more waiting days or weeks to be paid, the solution is crytocurrency for startup or side hustles!. Cryptocurrency payment gateway by Unipayment enables you to receive payments anytime and from any part of the world. No more expensive international transfers and extended time of waiting of money to arrive.
Flexible Payment Options
Gain flexibility in the payment method and being able to receive the payment at your preferred time. Unipayment accepts over 20 widely used cryptocurrencies such as Bitcoin, Ethereum and stablecoins. Withdrawals are feasible to your bank or any cryptocurrency wallet of your choosing at low charges.
Simplified Accounting
Having a hard time tracking income from various channels of income? Through Unipayment, payment records and invoices for tax season are created at the end of the fiscal year. Their client’s interface enables one to organize their earnings as per various gigs offered.
Enhanced Privacy
Basically, processing payments between the participants of business operations through the means of Unipayment does not involve sharing clients’ Personal Data with external organizations, unlike when using bank accounts. This assists in keeping you and your clients’ safe and confidential when engaging online.
Global Workforce Ready
Remote freelancers and contractors are paid in crypto currencies and many companies prefer hiring freelancers accepting crypto. Unipayment gives you an edge by letting you get paid and work from anywhere, hassle-free. Get paid faster, cheaper, and on your own terms.
Case studies of how Crypto works best for Side Hustles and Startups
The crypto universe keeps expanding use cases for lean businesses. Side hustle income management cryptocurrency are tapping into this innovative ecosystem to streamline payments and operations from day one.
- Freelance Services Platform
There are systems for those freelancers and people working remotely to get their payments in cryptocurrency. The model replaces the functionality of the traditional banking systems and offers a quicker way of payment at a lower cost.
Challenges: Independent contractors often face delayed payments, high fees percentages, currency conversion charges and are challenged with fluctuations in foreign exchange when dealing with international clients.
UniPayment Startup Payments enables workers to receive payments in Bitcoin or other cryptocurrencies, ensuring quick transactions at a cheap cost. The platform also gives invoicing services to the freelancer so that he can be in a position to bill his client in crypto.
Results:
- Speed: Funds transfers take a few minutes to a few hours to complete against the customary banking institutions that may take up to several days.
- Cost Efficiency: Lower fees are charged as transaction fees, thus, the freelancer retains a larger amount of his/her cash balance.
- Global Reach: One of the most important benefits of freelancing is that one can work with any client irrespective of geographical location and problems connected with the difference in currencies.
- E-Commerce Startup
There are many online stores coming up to integrate Bitcoin payments. Such a decision expanded the availability of new clients and boosts sales.
Challenges: Often credit card processing fees and chargebacks are high, and it costs an arm and a leg.
Solution: By accepting Online Business Crypto Payments, the reliance on traditional payment processors is reduced by significant amount. It also provided customers with a form of payment that is secure and very effective.
Results:
- Increased Sales: The company’s revenue increased due to the acceptance of Bitcoins since it appealed to customers with m-tech know-how and those who coveted virtual currencies.
- Lower Fees: This cut down on credit card processing fees, hence, increasing the profit margins of Overstock.
- Enhanced Security: They are safe and the reverse cannot be done; this eradicates the possibility of fraud and chargebacks as encountered with other methods of payment.
- Crowdfunding Platform
Overview: Crowdfunding platforms are blockchain-based that enable startups to source for funds through ICOs.I t can help raise capital in a rather decentralized and transparent manner compared to traditional forms of funding.
Challenges: There has been limited access to funding venues since most of the conventional funding is regulated, costly, and selective on what they fund. It will be difficult otherwise for startups to gain awareness of their product and attract consumers’ and investors’ attention.
Solution: Blockchain technology offers a more open and cost-effective crowdfunding solution. ICO is an attractive means of fundraising for startups that can issue and sell tokens directly to investors without having to go through a middleman.
Results:
- Transparency: Blockchain makes all transactions very clear and these are easily trackable which will give the investors a level of comfort.
- Lower Fees: Lower fees format enables the startups retain higher value of the funds. Global Reach: Startups are able to pull investors globally, boosting their probability of a successful funding.
- Gig Economy App: StormX
Overview: There are many upcoming platforms that allow users to earn cryptocurrency by completing micro-tasks, such as taking surveys, testing apps, and shopping online. It integrates blockchain technology to provide an efficient and rewarding experience.
Challenges: Gig economy workers often face low pay and delayed payments. It employs blockchain to deliver a smooth and lucrative experience.
Solution: You get paid in cryptocurrency, which are fast and secure payments. The platform also gives higher incentives compared to the current other applications in the gig economy.
Results:
- Higher Earnings: From the crypto rewards offered, one can be able to make more money contrary to the fiat money offered.
- Instant Payments: The immediate quick clearing of the transactions means that there is no delay in earning the profits.
- Incentives: The platform also provides bonuses, for its user, there is a cashback in crypto for any online shopping, thus making users spend more time here to earn more tokens.
These case studies are quite evident how crypto-banking tools help to solve everyday issues connected with side businesses and startups as well as improve productivity, cut costs, and open up more possibilities. From the quicker ways of payment, fresh methods of funding, and improvement in security, this digital money indeed provides real incentives for small business people and innovators.
