Inqud’s Crypto Recurring Payments Solution: A Quick Guide For Merchants

Dec 17, 2024

5 min read

Contents

What Are Crypto Recurring Payments?
Why You Should Consider Web3 Recurring Payments
How to Start Using Inqud’s Crypto Recurring Solution
Why Choose Inqud for Recurring Billing?
Start Accepting Crypto Recurring Payments with Inqud Today!

As cryptocurrencies become increasingly mainstream year by year, modern businesses are adopting them as a preferred payment method. With the rise of subscription-based services, there is a growing need for seamless solutions that support recurring crypto payments. Enter Inqud, a cutting-edge platform designed to revolutionize the way businesses handle payments in the Web3 ecosystem. In this article, we’ll explore the potential of recurring crypto payments, guide you through setting up Inqud’s solution, and highlight the benefits for merchants provided by Inqud in accordance with the needs and emerging trends.

What Are Crypto Recurring Payments?

Recurring payments are the backbone of subscription-based business models. Traditionally, customers link their credit cards to a service, allowing the provider to automate charges. Similarly, Web3 recurring payments enable automatic transactions, but instead of credit cards, customers connect their Web3 wallets and get charged in crypto.

With this innovative approach, businesses can securely and automatically charge for services using digital assets stored in a customer’s wallet. This simplifies transactions within the Web3 ecosystem while maintaining the familiar convenience of automatic billing.

Why You Should Consider Web3 Recurring Payments

The recurring payments market is booming, projected to grow from $4 billion today to over $66 billion by 2030 according to Precedence Research.

This rapid growth underscores the demand for flexible and secure payment solutions. Key reasons to consider Web3 recurring payments include:

Massive Market Potential: Businesses that embrace cryptocurrency can tap into a fast-growing market of crypto-savvy customers.
Consumer Preference: According to the PYMNTS INTELLIGENCE report over 51% of cryptocurrency holders are more likely to buy from merchants accepting digital currencies.
Future-Ready Payments: Recurring crypto payments align with the decentralized trends shaping the digital economy.

How to Start Using Inqud’s Crypto Recurring Solution

Getting started with Inqud’s Crypto Recurring Payments solution is simple. Follow these steps to streamline your payment processes:

1.Sign up or log in to your existing account on Inqud platform.

2.Head to the “Projects” section within the Recurring tab.

3.Install a new project and start customizing settings according to your needs.

4.Enter all the necessary information into a new plan for the project:

Payment Frequency Plan - Subscription or On-Demand
Period and amount
Currency
Grace period

5.Choose the networks and currencies you would like to utilize.

6.Set up the webhooks for the automatic notifications.

Once configured, you’re ready to accept crypto recurring payments and enhance your revenue stream with minimal effort.

Why Choose Inqud for Recurring Billing?

Inqud’s solution stands out as a reliable and feature-rich platform for Web3 recurring payments. Here’s why merchants trust Inqud:

Auto-Conversion for Stability
Shield your revenue from cryptocurrency volatility with the auto-conversion feature. Payments are instantly converted into a selected currency based on real-time market rates, ensuring that businesses receive a stable amount.
Straightforward Integration
Inqud minimizes technical complexities with an intuitive setup process. For a secure and reliable transaction process, customers will be redirected to an Inqud-hosted page to initialize subscriptions and authorize spending by the merchant.
Flexible Fee Options
Choose how transaction fees are managed – absorb them, pass them on to customers, or hide them entirely.
Extensive Cryptocurrency Support
The Inqud Crypto Recurring provides a broad spectrum of token support (such as Etherum, Binance Smart Chain, Polygon etc.), empowering seamless transactions across the globe. We constantly evolve with the market, adding new digital currencies to our roster to ensure your transaction capabilities remain on the cutting edge.

Start Accepting Crypto Recurring Payments with Inqud Today!

As the digital economy embraces decentralized technologies, Web3 recurring payments offer businesses a competitive edge. Inqud’s user-friendly platform ensures seamless transactions, robust security, and a streamlined customer experience. With features like auto-conversion, flexible fee structures, and extensive token support, Inqud is the ultimate and reliable partner for businesses ready to accept crypto payments.

Ready to take your business to the next level? Explore Inqud’s Crypto Recurring Payments solution today and transform the way you process payments.

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