Can I launch with crypto payments only to save on processing fees?
Quick answer
Yes, many small firms start with crypto-only checkout because fees are usually lower, there are no card chargebacks, and onboarding with a crypto gateway can be fast. The trade-off is a smaller audience and lower trust among newer traders. Plan to add card payments once revenue allows.
Detailed answer
General information. Payment providers set and change their own policies on prop firms; confirm the current terms with any provider before relying on them.
Crypto-only is a reasonable budget launch if you understand the limits.
Benefits
- Lower fees than high-risk card processing.
- No chargebacks, which removes a major risk for small firms.
- Fast setup with many gateways.
- Global reach, including countries where cards often fail.
Costs
- Fewer buyers: many traders want to pay by card.
- Trust: some buyers see crypto-only as a warning sign.
- Accounting: record values at the time of each payment.
- Banking: converting to fiat needs a bank comfortable with crypto proceeds.
- Regulation: some countries restrict crypto payments.
Making it work
- Price in stablecoins to avoid volatility.
- Explain the payment process clearly on the checkout page.
- Start applying for a card processor early, since approval can take weeks.
Payouts
Crypto payouts are also common and cheap; pay only to wallets controlled by the verified trader, and record each transaction reference.
PropExecutor team · Updated
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