When people think of cryptocurrencies, they usually think of Bitcoin and Ethereum. Yet, when it comes to crypto payments, these currencies may not be the best choice for businesses. Companies that want to take full advantage of crypto require coins with fast and cheap transactions such as DGB. Digibyte is a blockchain with one of the most advanced infrastructures, which is perfect for crypto payments. NOWPayments provides businesses with solutions for accepting DGB payments.
Key Points:
- DGB is the native crypto of DigiByte.
- DGB transactions are quick, inexpensive, and free from chargebacks.
- NOWPayments helps businesses to accept DGB payments.
What is Digibyte & what are its best points?
Scalability had been a major problem for blockchains until, in 2013, the DigiByte network came to the market. DigiByte offered a solution with high throughput and efficient operations. DigiByte utilizes a unique three-layer layout enabling it to host decentralized applications and ensure top-notch security. DGB, the native currency of DigiByte, delivers transactions that are 40 times faster than Bitcoin’s.
Digibyte and online business: advantages
Low fees
When clients pay for your products and services, it is always great news, but it frequently comes with a sad part, bank fees. Banks and payment processors are pretty rough on merchants and charge them exorbitant fees for basic transactions. DGB can help merchants to break the vicious circle and offer low-fee transactions for their clients. DGB transactions are inexpensive and cost mere cents. Moreover, the existing fee fluctuations are minute. As a result, companies, by using DGB payments, can significantly reduce their expenses and let clients avoid major bank charges. Fewer expenses mean larger profits, and DigiByte payments are a great solution to achieve it.
Fast payments
The standard payment solutions have many shortcomings. For instance, bank transfers can face considerable delays or simply may not go through. In many cases, bank transfers take days to arrive. Electronic payment platforms such as PayPal are no better. Yet, cryptocurrencies can actually facilitate the payment process and increase the speed of money transfers. This is why crypto transactions are slowly becoming a common alternative to traditional payment options. DGB transactions are fast, especially when compared to Bitcoin and Ethereum. DigiByte’s efficient and scalable infrastructure ensures that all payments are rocket-fast. Moreover, it does not matter how large the distance between the sender and recipient is because the transaction speed remains constant.
Privacy
When companies want to deliver the highest quality of services to clients, they need to address every aspect of customer experience. The demand for privacy is common among consumers, but, sadly, the standard payment methods cannot provide it. This is why cryptocurrencies such as DGB can be a private and safe way of making payments. DigiByte transactions do not contain any traces that can point to the identity of the sender and recipient. In fact, there is even no registration process that involves disclosing one’s identity when using DGB. So, by using DigiByte, businesses can guarantee a high level of confidentiality to their clients.
Chargeback fraud free
Chargeback fraud is a real problem for many businesses around the world. Every year, chargeback scams cost companies billions in losses. Moreover, the biggest issue with chargeback fraud is that it cannot be prevented using the traditional means because the decision to make the chargeback lies with the bank. Yet, cryptocurrencies can help businesses to get their control over chargebacks back. Every DGB transaction is recorded in a public ledger and cannot be reversed. So, once a DGB sum is sent, it is forever gone for the sender. Thus, companies, by deploying a DGB payment gateway, can protect themselves from such illegal activities.
How to accept DGB?
Those business owners who wish to start accepting DGB payments can do it with NOWPayments. eCommerce businesses can utilize plugins that are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Businesses also can use crypto invoices and a virtual Point-of-Sale terminal.
NOWPayments is a non-custodial service that does not hold the funds of clients and makes instant payouts. NOWPayments charges its customers only for crypto transactions. The fee per transaction starts from 0.4%.
There is also an option of deploying DigiByte donation widgets, buttons, and links.
Conclusion
DigiByte is an efficient blockchain which is ideal for conducting day-to-day transactions. NOWPayments enables companies to accept DGB payments.