Why Businesses Should Consider Kinesis Pay Over Traditional Credit Card Processing

In the ever-evolving landscape of online payments, businesses are constantly looking for solutions that optimize efficiency, lower costs, and offer additional value to their customers. Kinesis Pay, a cutting-edge payment platform enabling transactions in physical gold and silver, presents a compelling alternative to traditional credit card processors. Below, we explore the key benefits of Kinesis Pay, emphasizing its instant settlement capabilities and the unique advantage of receiving payments in precious metals.

Cost Efficiency

One of the major pain points for businesses using traditional credit card processors is the high transaction fees. Stripe, for instance, charges 2.9% + $0.30 per transaction in most regions, which can add up significantly for businesses handling large volumes or high-value transactions. In contrast, Kinesis Pay offers a more cost-effective fee structure of a flat 0.45%. Kinesis Pay’s blockchain-based infrastructure reduces transaction costs by bypassing traditional banking intermediaries.

Moreover, the hidden fees associated with credit card chargebacks, currency conversion, and cross-border payments can be a burden on businesses. Kinesis Pay eliminates these complexities with transparent, low-cost transactions settled directly in gold and silver, offering long-term savings for merchants.

Instant Settlement

One standout feature of Kinesis Pay is its instant settlement capability. Traditional credit card payments can take several days to process fully, especially for international transactions. This delay can hinder cash flow, particularly for small businesses.

Kinesis Pay operates on a blockchain-backed system that ensures payments are settled instantly or within minutes. This rapid settlement means businesses can access funds immediately, allowing for improved liquidity management and faster reinvestment opportunities. In contrast, waiting for funds through traditional credit card processing platforms often incurs delays due to intermediaries like banks and clearinghouses.

Payments in Gold and Silver

A unique selling point of Kinesis Pay is the ability for merchants to receive payments in physical gold and silver. Unlike fiat currencies, which are subject to inflation and currency fluctuations, gold and silver have maintained their value over centuries. By accepting payments in these precious metals, businesses can protect their revenue against the devaluation of traditional currencies.

Additionally, gold and silver payments appeal to a growing demographic of customers who prioritize financial sovereignty and tangible value in their transactions. Offering this option can enhance customer loyalty, particularly among investors and individuals seeking alternatives to fiat-based payment systems.

Global Reach Without Currency Conversion Hassles

Stripe (for example) supports multiple currencies, but it typically charges additional fees for currency conversion. Businesses with international customers often face extra costs and delays when accepting payments in foreign currencies.

Kinesis Pay eliminates these barriers by facilitating global payments in universally recognized precious metals. This streamlined process benefits both businesses and customers by removing the need for currency exchange and associated fees. As a result, businesses can cater to a broader audience without incurring unnecessary expenses.

Enhanced Security and Fraud Prevention

Credit card transactions are susceptible to fraud and chargebacks, which can be costly and time-consuming for businesses. Kinesis Pay’s blockchain technology ensures a secure, immutable record of transactions. This enhanced security minimizes the risk of fraud and eliminates the headache of dealing with chargebacks, providing peace of mind to both merchants and customers.

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