NOWPayments’ Network Fee Optimisation Helps Businesses Save on Fees
NOWPayments, a crypto payment gateway, has launched a new network fee optimization solution. The solution allows the NOWPayments system to analyze current network fees and pick the most profitable option out of the client’s wallet. This feature benefits all businesses, especially those with over 2000 transactions per day, as it helps to earn more from each payment.
Why Is It Important for the Crypto Market?
Apart from NOWPayments’ service fees, a network fee is also included for each transaction. Sometimes this fee makes up most of the total fees charged for the payment, as it depends on the currency and sometimes can be extremely high and volatile. As a result, it can significantly reduce the income of businesses.
NOWPayments have found the solution to pay fewer fees and boost the merchant’s revenue. When a user makes a payment via NOWPayments, the new smart algorithm will analyze all current fees and automatically pick the most optimal merchant’s payout wallet out of several. This helps businesses to earn more from each transaction. Thanks to this feature, crypto payments become even more accessible, whereas the crypto community gets more use cases for their favorite assets.
How to Use Network Fee Optimisation?
To use the feature, there are several simple steps you should undertake:
- Log In to your NOWPayments Account
- Go to “Store Settings” in your Dashboard
- You can find “Network fee optimization” in the “Payment settings” field.
Recently, NOWPayments has also announced a solution that helps to withdraw fiat in limitless amounts in a partnership with Switchere.
NOWPayments is a crypto payment gateway that lets you accept crypto payments in 150+ cryptocurrencies. It also offers a Mass Payments solution, crypto donation tools, and supports fiat conversion. Regardless of what crypto customers pay with, merchants can choose to accept the coins they prefer – NOWPayments converts them automatically.
NOWPayments is a non-custodial payment gateway, meaning that all your payments will be instantly transferred to your wallet that only you can access.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any project.