More businesses are transitioning to the subscription-based model of payments since it offers, among other things, more attractive pricing to customers and better inventory management. Services and companies that rely on subscriptions also need to expand their payment options in order to ensure that all clients have a convenient way to settle their subscription invoices. One of the payment methods that merchants can add is fast and low-cost cryptocurrencies such as the Verge coin. NOWPayments is a service that enables businesses to accept Verge crypto payments by letting them deploy a full-fledged billing system. By utilizing this feature, merchants can create accounts for their users and charge them individually a certain sum in Verge both automatically or manually.
- XVG is the native coin of the Verge blockchain.
- XVG payments are sustainable, borderless, and private.
- Deploy Verge coin subscriptions via NOWPayments.
What is Verge crypto?
The Verge crypto (XVG) is a digital currency that is intended for everyday usage. It builds on the original Bitcoin blockchain and seeks to achieve its fundamental goal of giving individuals and companies a quick, efficient, and decentralized method of performing direct transactions.
Top 5 reasons to accept XVG custodial recurring payments?
The Verge currency serves as a go-to crypto payment solution for thousands of businesses and services worldwide. There is a plethora of benefits that companies can reap by setting up XVG currency subscriptions. Let’s explore the key ones in detail and see how they can provide you with a competitive advantage.
The Verge network project is a great champion of sustainability. This is why the entire blockchain maintains a low carbon footprint by leveraging the most advanced technologies. Thus, by accepting Verge crypto payments, companies can reduce their impact on the environment.
Verge currency payments can be made from anywhere in the world. Verge coin transactions are borderless because they are peer-to-peer, and, therefore, not subject to any oversight on the part of third parties such as banks. Subsequently, businesses can offer XVG as a global payment method available to everyone on the planet.
Verge coin users do not need to pay a premium for sustainability and speed of transactions. In fact, by using XVG, companies may actually reduce their expenses. Since XVG cryptocurrency transactions cost less than a cent, merchants can save large sums of money which otherwise would go to banks in the form of fees and other charges.
Zero chargeback fraud
XVG transactions cannot be reversed. There is simply no authority on the Verge blockchain capable of authorizing a chargeback without the consent of the merchant (recipient). So, XVG payments can give back control over chargebacks to businesses and protect them from criminals and scammers.
XVG crypto payments also can enable businesses to ensure better financial privacy. XVG transactions are anonymous. In other words, Verge users do not need to share any personal info to use the blockchain. Thus, your customers can be fully certain that their private information will not end up in the hands of third parties when using XVG coin payments
So how do I accept Verge as payment for my subscription plan?
NOWPayments provides businesses with the subscription payments feature that lets them get paid in the Verge coin recurrently. Essentially, businesses can automatically charge funds from user deposit accounts depending on their activity.
Merchants that use NOWPayments’ subscriptions enjoy the following benefits:
- Automatically managed payment flow;
- Flexibility and individual approach to payments;
- Easy for the customers — once users are subscribed to your service, you charge them automatically depending on the user activity’
- White-label solution available.
In order to deploy the subscription billing feature, follow these steps:
- Create a NOWPayments account.
- Provide your payout address.
- Create deposit accounts for your users via Billing API (read the detailed instruction here).
- Set up a recurring payments plan.
NOWPayments is a trusted service that can help businesses set up XVG coin subscriptions.
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