Ecommerce website accepting payment with only crypto

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k2h2

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I have this busines idea of starting an ecommerce website that accepts only crypto payment and charging premium from customers. Will it be succesful?
 
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k2h2 said:
I have this busines idea of starting an ecommerce website that accepts only crypto payment and charging premium from customers. Will it be succesful?
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That's good idea.
But the crypto user base is growing but still represents a small portion of the global population. Exclusively accepting crypto might limit your audience.
Crypto prices are highly volatile. If you don’t have a strategy to quickly convert crypto to stable assets or fiat, your revenue could fluctuate significantly.
 
Why not, depends on your niche obviously. Ive had quite a few sellix shops which ran solely on crypto payments and they did just fine.

Ive also had ecommerce sites where both fiat & crypto payments was supported, crypto payments through NOWpayments API.
 
yes, it will be successful if you find good investors, cryptocurrency is a convenient thing
 
teoshi said:
Why not, depends on your niche obviously. Ive had quite a few sellix shops which ran solely on crypto payments and they did just fine.

Ive also had ecommerce sites where both fiat & crypto payments was supported, crypto payments through NOWpayments API.
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Found sellix and until now its working great. I’m waiting for the first sales , but they have stated that they’ll charge 5% and if i pay a business membership will be 4%
 
Funiki said:
Found sellix and until now its working great. I’m waiting for the first sales , but they have stated that they’ll charge 5% and if i pay a business membership will be 4%
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Cryptomus about 0.4% without buying a membership, if I'm not mistaken.

Cryptocurrencies are becoming more and more accessible, so - yes, accepting cryptocurrency payments is a good idea, I think.
 
WAndreas said:
Cryptomus about 0.4% without buying a membership, if I'm not mistaken.

Cryptocurrencies are becoming more and more accessible, so - yes, accepting cryptocurrency payments is a good idea, I think.
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My store provider allow payment with all cryptocurrencies. So its good!
 
Funiki said:
My store provider allow payment with all cryptocurrencies. So its good!
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Perhaps too much choice can't offset the cost of commissions. The main cryptocurrencies used for payment can be counted on one's fingers.
 
WAndreas said:
Perhaps too much choice can't offset the cost of commissions. The main cryptocurrencies used for payment can be counted on one's fingers.
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I thought that too , i never have had seen a payment in SOL until i saw it. Not through the store . People most prefered crypto’s USDT, BTC , LTC , TRX this i miss any?
 
What kind of ecommerce? If it's physical products, I doubt it will work
 
Funiki said:
I thought that too , i never have had seen a payment in SOL until i saw it. Not through the store . People most prefered crypto’s USDT, BTC , LTC , TRX this i miss any?
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Yeah, that's right.
 
It's always important to ensure you integrate a secure, reliable solution that allows you to accept crypto payments efficiently and easily. Platforms like Coinbase Commerce, BitPay, NOWPayments, and BTCPay Server are excellent options depending on your needs.
 
The results will depend on which kind of product are you selling and what kind of audience you have
 
It comes down to what products you sell. But ultimately crypto has lesser convertions than card or other traditional gateway.
 
k2h2 said:
I have this busines idea of starting an ecommerce website that accepts only crypto payment and charging premium from customers. Will it be succesful?
Click to expand...
it would be successful, but you will have to sell those products which are not being paid by crypto for market gap.
 
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