The SaaS industry is adding more payment options. Cryptocurrency payments are one of them. USDT is the most used stablecoin in cryptocurrency payment gateways, with around a 33% of transaction volume share. Fiat payments are widely used, but they have a few limitations.
Therefore, many SaaS companies prefer to accept payment in crypto. However, stablecoins, especially USDT, come with some additional benefits. Here, we’ll explore why many SaaS companies accept USDT payments with Coinremitter.
Top Reasons Why SaaS Companies Are Accepting USDT Payments
Almost Zero Volatility Risk
USDT is a fiat (US Dollar)-pegged cryptocurrency/stablecoin. This means it is designed to maintain its value at nearly USD 1. Many SaaS business owners don’t want to lose their profits due to dropping cryptocurrency prices. So, they prefer USDT payments on this crypto payment gateway.
The stability in price allows businesses to accept crypto payments without losing a significant amount due to price volatility. This also makes profits more predictable and simplifies account management.
Exclusive Gas Station Feature
This crypto payment processor has an exclusive feature called ‘Gas Station’. It allows SaaS businesses to reduce transaction fees on certain cryptocurrencies, including USDT.
The standard USDT transaction fee on this platform is 5 USDT, but with the Gas Station, it goes as low as 2 USDT, which is 60% less. After enabling this feature, a predefined amount is collected in advance in a unique cryptocurrency wallet and automatically deducted during incoming transactions. The system deducts ETH (for USDT ERC20) or TRX (for USDT TRC20) equivalent to 2 USDT.
The reduction in the transaction fee directly impacts profits. On this platform, USDT provides businesses with an affordable payment option. The Gas Station is one of the main reasons why SaaS companies accept USDT payments with this crypto payment gateway.
Coinremitter’s Lowest Processing Fee
Crypto transactions usually include two types of fees: transaction fees and platform/processing fees. The respective cryptocurrency payment gateway charges the latter for smooth payment operations.
High platform fees can also cut down profits significantly. However, SaaS companies report that Coinremitter’s processing fee is the lowest in the market. This helps them achieve high profit margins with competitive pricing, even after fee deductions.
Time-Efficient Integration Options
Most SaaS companies can handle complex operations, such as crypto payment integration. However, the time consumption is something that most SaaS companies cannot manage.
Therefore, they require an easy and time-efficient solution for crypto payment integration. Coinremitter provides the same with the following options.
- Open-Source Plugins: SaaS companies with websites built on WordPress, Magento, PrestaShop, OpenCart, Laravel, Node.js, or PHP can integrate USDT payments using open-source crypto plugins.
- Crypto API: SaaS companies that require a custom solution and can manage minimal coding can use the USDT API.
- Pricing Widget: SaaS companies with tiered pricing plans can use the Pricing Widget to accept payment in crypto. Here, they can configure a widget’s interface, set up payments, and obtain the auto-generated code to integrate payments into their websites.
- Payment Button: SaaS companies that want to accept crypto payments via a ‘Pay Now’ button can use the Payment Button. Here, they can configure a button’s interface, set up payments, and obtain the auto-generated code to integrate payments into their websites.
- Payment Page: SaaS companies that want to accept USDT payments via a complete checkout page can use the Payment Page. Here, they can configure a web page’s interface, set up payments, and obtain the auto-generated URL to request payments for customers.
SaaS companies find the integration options of this crypto payment processor user-friendly and time-efficient, which makes them another reason to use this platform for accepting cryptocurrency payments.
Some Other Important Reasons
- No KYC: This platform doesn’t collect any identity proofs during registration, so business owners can register anonymously.
- No Bank Account Required: This platform only supports crypto, and transactions are processed from wallet to wallet. There is no requirement for any bank account, which eliminates the requirement for multiple mediators and makes the transaction process anonymous.
- Security: This USDT payment gateway lets you control your account and internal wallets. Therefore, SaaS companies can detect suspicious activities, take appropriate action, and implement additional measures within the platform to prevent them.
- Quick Support: This platform’s support system responds quickly and is available via live chat, support tickets, and e-mail.
- Quick USDT Settlements: This platform doesn’t hold your funds for long. With auto-withdrawals, you keep receiving your funds in your personal wallet every 30 minutes until the daily limit is reached.
Conclusion
Seeing the current scenario, USDT payments are quite important for SaaS companies. USDT removes a major limitation of cryptocurrencies: volatility, which makes it the safest option to accept payment in crypto. Talking about Coinremitter, it makes USDT payments more beneficial with lower fees, higher privacy and security, faster settlements, and dependable security. Since the benefits are doubled down here, SaaS companies are using this USDT payment gateway for their business payments.
