Web3 Payments: The Future of Cryptocurrency Commerce

Selling online has become a necessity for many businesses, but integrating payment methods can be fraught with challenges. One of the biggest pain points is dealing with traditional payment processors that charge high fees, hold funds indefinitely, and often reject "high-risk" merchants. This is where web3 payments come into play, offering a more secure, cost-effective solution through XPayr.

XPayr is a cutting-edge non-custodial crypto payment gateway that enables merchants to accept cryptocurrency payments with a flat 0.5% transaction fee. Unlike traditional processors like Stripe or PayPal, which can charge up to 3.49%+49¢ per transaction and hold funds for extended periods, XPayr provides instant settlement and transparent pricing.

What Are Web3 Payments?

Web3 payments refer to the use of blockchain technology to facilitate secure, decentralized financial transactions. These transactions are made using cryptocurrencies and are processed through smart contracts, eliminating the need for intermediaries like banks or payment gateways.

In practice, this means that when a customer makes a payment with cryptocurrency, the funds go directly into the merchant's wallet. This non-custodial nature ensures that no one (including XPayr) holds onto the funds, enhancing security and trust in the transaction process.

Benefits of Web3 Payments

• No Custodial Risks: XPayr uses a non-custodial architecture, meaning your funds are held in your wallet. This reduces the risk of fraud and ensures that you have full control over your assets.
• Instant Settlement: With traditional payment processors, it can take up to 180 days for funds to be released. XPayr offers instant settlement, allowing you to receive payments immediately without delays.
• Lower Fees: Traditional processors often charge high fees that can significantly impact your profit margins. XPayr charges a flat 0.5% transaction fee, making it more cost-effective for merchants.
• No Chargebacks: Chargebacks are a significant issue in the payment industry, costing businesses billions annually. With web3 payments, transactions are irreversible, eliminating this risk completely.

Web3 Payments vs Traditional Payment Processors