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Proof that crypto payment gateway is a revenue generating business
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[QUOTE="Peter Quint, post: 185745, member: 54559"] [SIZE=18px]Cryptocurrency payment gateway is a software that enables cryptocurrency transactions between users and merchants. Nowadays crypto users are paying in Cryptocurrency for their goods and services. Because of this fact, Crypto payment gateway usage is rising in the crypto space. Payment gateway is one of the highly revenue generating business models in crypto space. Here I'm going to explain how a crypto payment gateway is a revenue generating business with an example. I hope everyone knows Bitpay which is one of the well known crypto payment gateway. Bitpay’s estimated annual revenue is currently $16.5M per year. Have you thought about how they generate this much revenue from crypto payment gateway? They’ve fixed some fee for every single user and merchant action. Mostly they generate revenue from 4 ways. They are, [/SIZE] [LIST] [*][SIZE=18px]Processing fee [/SIZE] [*][SIZE=18px]Network fee[/SIZE] [*][SIZE=18px]Monthly subscription fee[/SIZE] [*][SIZE=18px]Refund miner cost [/SIZE] [/LIST] [SIZE=18px] [B]Processing fee[/B] - BitPay’s processing fee is 1% for BitPay merchants and there are no additional fees associated with transfers or payments. [B] Network fee[/B] - Bitpay has to pay a miner fee to miners who verify transactions quickly. Instead, bitpay collects a miner fee from users/merchants as a network fee. The Network Cost fee helps BitPay cover its miner fee expenses. [B]Monthly subscription[/B] - BitPay also offers a monthly subscription system in which businesses and customers can do transactions under a specific limit, which is free of cost. [B]Refund miner cost[/B] - In case of an underpay or overpay, BitPay invoice will initiate a refund and will deduct the miner fee payment from the total refund amount which they receive. These are some of the revenue generating modules. The majority of their income comes from processing fees, which amounts to 1% of the transacted amount. Nowadays many merchants have started accepting cryptocurrencies as payment from users. Some world renowned examples include Starbucks and Microsoft. That's why crypto payment gateway businesses are in demand among crypto entrepreneurs. Entrepreneurs who want to develop a crypto payment gateway have to reach out to professional development service providers to develop a crypto payment gateway software. There are a lot of inexperienced companies in the developing market. Entrepreneurs should analyze each and every company's reputation, working technology, backup features and services. It is tedious to analyze all companies' portfolios. Therefore, I’d like to recommend [B]Zab technologies[/B]. Because they are experienced in [B]cryptocurrency payment gateway development[/B] with blockchain technology as the underlying technology.They can help you develop the best cryptocurrency payment gateways with state-of-the-art features. Contact them for a free demo, Whatsapp: +91 77085 29089 skype: live:contact_86571[/SIZE] [/QUOTE]
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Proof that crypto payment gateway is a revenue generating business
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