Businesses Accepting Litecoin
Tracking System Direct has always strived to be on the cutting edge when it comes to technology products, whether that be covert camera solutions or the latest in GPS auto tracking units. Providing the most remarkable monitoring solutions is and always will be at the forefront of what the GPS business does, but doing so at the best prices online is equally important. That is why the Southern California based GPS company is excited to announce it will be adding Litecoin as a accepted payment method starting March 19th!
Litecoin: What Is It?
Lіtесоіn is a рееr-tо-рееr сrурtосurrеnсу that allows customers to purchase goods quickly and securely online. Crеаtіоn аnd transfer оf соіnѕ іѕ bаѕеd on an ореn source сrурtоgrарhіс рrоtосоl, making it a decentralized form of currency. That means there is no middle man like PayPal, VISA or Mastercard. Widely described as the silver to Bіtсоіn’s gold, Litecoin іѕ actually far quісkеr аnd cheaper, making it the best cryptocurrency for day-to-day transactions and e-commerce shopping.
How Adding Litecoin Helps Online Shoppers
One of the dirty secrets in business is that credit card companies charge merchants a lot. They force online merchants to have payment gateways, take a percentage per transaction, add fees for credit card chargebacks and more. The cost certainly adds up over mass transactions and guess what? Those fees that credit card companies and other financial institutions charge online merchants get passed onto the consumer. Therefore, by utilizing Litecoin as a new form of payment Tracking System Direct can essentially accept funds directly from the consumer in a way simliar to that of a cash transaction! By removing the third party payment processor the company will be able to reduce costs associated with credit card transactions and use that saved income to cut costs on products! The end result is a better experience for both the merchant and consumer. A real win/win situation and one that will most certainly cause a positive change in the way consumers and merchants will interact in the future.
“When Bitcoin rallied in late 2017 to reach all-time highs near $20,000 we saw a sharp increase in consumers asking us if we accepted Bitcoin as a form of payment”, explained the Vice President of Operations for Tracking System Direct. “However, Bitcoin is a little slow to process payments, making it a challenge to use when we are trying to beat shipping deadlines and move products quickly. That was when Litecoin popped up on our radar and simply made the most sense for our e-commerce business. Litecoin is fast (and getting faster), simple, and we think the cryptocurrency that will eventually be used for all online purchases in the very near future”.
Tracking System Direct will continue to accept payment via credit cards and Paypal, but for those interested in using Litecoin as form of payment can contact a sales representative to be walked through that process.
Matthew is a freelance writer who is passionate about technology, music, photography, and decentralized finance.