Agents rarely have the opportunity to truly distinguish themselves from their competitors. Fortunately, cryptocurrency processing, enabled by Electronic Merchant Systems (EMS), provides EMS Agents with a unique opportunity to stand out. EMS Agents can offer cryptocurrency processing to merchants, an emerging technology with unlimited growth potential and a new approach to getting a foot in the door with merchants.
‘Cryptocurrency Processing’ is a payment method that lets merchants move beyond traditional credit card processing options. Logistically, the customer pays in cryptocurrency, but the funding received by the merchant (to their bank account), is cash, not crypto. Merchants have been hesitant to adopt cryptocurrency due to lack of knowledge and volatility in the crypto markets, but those objection can now be overcome by the settling of purchases into merchant accounts of fiat currency (US$) and eliminating both the volatility and the fear of the unknown.
Benefits of Offering Crypto Processing:
Given its global nature, cryptocurrency processing can simplify international payments by eliminating foreign transaction fees and currency conversions. By leveraging blockchain technology, cryptocurrency can also help payments move more quickly, letting merchants avoid the traditional wait time associated with global transactions. Additionally, by using decentralized blockchain technology, merchants can more easily prevent fraud. The digital structure of cryptocurrency minimizes the likelihood of counterfeit and chargeback fraud—these features can help you keep your merchants happy.
A Powerful Competitive Advantage for EMS Agents:
As an EMS Agent, you can enable your merchants to accept cryptocurrency as a secure form of payment at their business. This will not only distinguish you as an agent, but you can also pass along this competitive edge to your merchants, positioning them as some of the first to offer this alternative payment method to customers. Numerous high-end car dealerships and luxury retail shops are now offering their clients the option of paying in cryptocurrency, so the scenario where every store accepts cryptocurrency may be much closer than we think.
This payments solution processes crypto payments and converts cryptocurrency to fiat currency for your merchants. Merchants will appreciate the opportunity to offer an emerging, alternative payment method to their customers. And you can stay at the forefront of the industry!
Our ISO Agent Program
As a leading provider in the payment processing & merchant services industry, Electronic Merchant Systems (EMS) supports prospective ISO agents and industry professionals. Contact us today to learn more about our ISO Agent program.