Traditional payment processors have been gouging merchants for decades. Credit card companies typically take a hefty 2.5% to 3.5% slice from every transaction, eating away at profit margins.
SpacePay shatters the conventional fee structure with their rock-bottom 0.5% rate. Take an electronics store pulling in $75,000 monthly – they’d save $1,875 every single month by ditching traditional payment processors for SpacePay.
That’s over $22,000 annually that could fund a store renovation, extra inventory, or a much-needed new employee rather than disappearing into payment processing costs.
These savings come from SpacePay’s clever blockchain-based approach that cuts out unnecessary middlemen. Traditional payment systems bounce your money between multiple companies – each taking their cut along the way. SpacePay creates a more direct path between customer and merchant while keeping everything secure.
