It supports over 30 cryptocurrencies, including BTC, ETH and BNB (BNB), allowing for versatile payment options. The platform offers zero transaction fees for both merchants and users, making it an attractive option for businesses aiming to integrate crypto payments without incurring additional costs.
Notably, a recent survey revealed that 55% of Generation Z and 49% of Millennials earning over $100,000 annually admitted to engaging in digital shoplifting — a form of first-party fraud where consumers falsely claim issues with online orders to secure refunds or avoid payments. Additionally, businesses recognize that accepting cryptocurrency aligns with the preferences of a growing demographic of crypto users.
While specific market share data is limited, Coinbase Commerce is widely used by small to mid-sized businesses across sectors such as computer software, utilities and telecommunications. The platform offers a straightforward setup with no transaction fees apart from standard network costs, making it an attractive option for businesses looking for a simple crypto payment solution without intermediaries.
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Author / Journalist: Cointelegraph by Bradley Peak
The story "Crypto payments for small businesses: Benefits, risks and how to get started" has 1648 words across 87 sentences, which will take approximately 7 - 14 minutes for the average person to read.
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