Kinesis Pay (KPay) can be added to virtually any existing Woocommerce store by signing up for a Kinesis Money account and adding the KPay plugin to your platform.

Offering your customers Kinesis Pay can result in a significant reduction of e-commerce transaction fees. Here’s a comparison of Kinesis Pay’s 0.45% flat fee against Stripe’s 2.9% + $0.30 fee structure for transactions of $100 and $3,000:

E-Commerce Transaction Fees

Stripe Fees

For a $100 transaction:
Stripe Fee = (2.9% of $100) + $0.30
= $2.90 + $0.30
= $3.20

For a $3,000 transaction:
Stripe Fee = (2.9% of $3,000) + $0.30
= $87.00 + $0.30
= $87.30

Kinesis Pay Fees

Kinesis Pay charges a flat 0.45% fee, with no additional charges:

For a $100 transaction:
Kinesis Fee = 0.45% of $100
= $0.45

For a $3,000 transaction:
Kinesis Fee = 0.45% of $3,000
= $13.50

Comparison of Savings

For a $100 transaction:

Stripe Fee: $3.20
Kinesis Fee: $0.45
Savings with Kinesis Pay: $2.75
Percentage Saved: 86%

For a $3,000 transaction:

Stripe Fee: $87.30
Kinesis Fee: $13.50
Savings with Kinesis Pay: $73.80
Percentage Saved: 84.5%

Analysis and Impact

SMALL TRANSACTIONS:
For a $100 transaction, Kinesis Pay’s fees are dramatically lower, costing just 14% of Stripe’s charges.

LARGE TRANSACTIONS:
For high-value transactions, for example $3,000, the cost difference becomes even more significant, with KPay saving businesses nearly $74 per transaction. Over multiple transactions, this represents a substantial reduction in operating expenses.

By adopting Kinesis Pay, businesses can significantly cut down on e-commerce transaction fees. For operations that handle frequent, high-value payments, the cumulative savings can greatly enhance profitability while offering the additional benefit of instant settlement and payments in stable, inflation-resistant assets like gold and silver.

AvidCube specializes in providing expert support to help you get started with Kinesis Pay, making it easy to integrate the KPay platform into your e-commerce business. Whether you’re new to alternative payment systems or looking to enhance your existing setup, AvidCube ensures a smooth transition and seamless integration.

It’s important to remember that adopting Kinesis Pay doesn’t mean replacing your current payment methods. Instead, it allows you to complement your traditional payment processing options by adding the ability for customers to pay with physical gold and silver. This dual approach gives your business a competitive edge, appealing to a broader customer base while maintaining the convenience of conventional payment systems.

By offering both traditional and innovative payment methods side by side, you create a win-win situation for your business and your customers. Shoppers who value flexibility and the intrinsic value of gold and silver will appreciate the additional options, while those preferring credit cards or other familiar methods can still pay with ease. This versatility not only enhances customer satisfaction but also positions your business as forward-thinking and inclusive.

With AvidCube’s guidance, integrating Kinesis Pay into your e-commerce platform becomes a straightforward process, enabling you to stay ahead of industry trends while maximizing your business potential. Contact us today to get started.

All comments are moderated. Spam comments will not be published. Do not include any links in your comment.