SpacePay Slashes Fees to 0.5%—Businesses Flock as Presale Tops $1M

Another day, another crypto project promising to ’revolutionize’ payments—except this one might actually be saving merchants real money.

SpacePay’s razor-thin 0.5% transaction fee is drawing blood from traditional payment processors. The result? Over $1 million raised in presale as businesses vote with their wallets.

Because nothing makes CFOs happier than watching Visa and Mastercard lose.

The Hidden Cost of Traditional Payment Processing

Traditional payment processors typically charge between 2.5% and 3.5% on every sale. These percentages add up quickly, especially for businesses operating on thin margins.

Consider a café processing $40,000 in monthly sales. Using conventional payment systems, it loses approximately $1,200 each month to transaction fees. That’s $14,400 annually – enough to hire part-time help, renovate the space, or expand its menu offerings.

These fees exist because traditional payment systems involve multiple intermediaries. When a customer swipes their card, the payment travels through several different companies before reaching the merchant days later. Each entity takes its cut, which results in the high fees we’ve come to accept as usual.

How SpacePay Reduces Costs Through Technology

SpacePay uses blockchain technology to create a more direct payment path between customers and merchants. The system processes transactions in parallel rather than sequentially, performing multiple checks simultaneously. This speeds up transaction time and reduces processing costs.

With SpacePay’s ultra-low 0.5% fee structure, that same café WOULD pay just $200 monthly fees. Compared to traditional systems, this saves $1,000 every month. Over a year, that’s $12,000 kept in the business.

SpacePay claims to achieve these savings without compromising security or convenience. The platform uses robust encryption and real-time transaction monitoring to maintain high-security standards while processing payments efficiently.

Seamless Integration with Existing Systems

SpacePay works with hardware merchants already own. It integrates with standard Android-based point-of-sale terminals through a simple software update. No new devices to purchase, no complex installations, and no extensive staff training is required.

Shop owners can start taking crypto without breaking the bank on new equipment. Their staff won’t need to learn anything new – the same old payment screen they’ve always used can now talk to more than 325 different crypto wallets. It’s basically business as usual, just with a new way for customers to pay.

For customers, paying is easy. They scan a QR code with their preferred crypto wallet app, confirm the amount, and complete the transaction in seconds, as simple as using a contactless card but with cryptocurrency benefits.

Visit SpacePay Presale

Protection from Cryptocurrency Volatility

Many merchants hesitate to accept cryptocurrency due to volatility concerns. It’s a legitimate worry – accepting Bitcoin worth $50 at breakfast could mean receiving only $40 by dinner if prices drop.

SpacePay addresses this with an instant settlement system. When a customer pays with cryptocurrency, the merchant receives payment in their local currency immediately. Sell something for $50, and that’s exactly what hits the merchant’s bank account, regardless of subsequent market movements.

This protection comes from technology that locks the exchange rate during payment processing. If cryptocurrency prices fluctuate during those few seconds, SpacePay absorbs the difference. The merchant simply receives a stable payment in their preferred currency.

This feature removes perhaps the biggest obstacle to widespread merchant adoption of cryptocurrency payments. Business owners can tap into the growing crypto market without becoming crypto traders themselves.

The $SPY Token Ecosystem

The SpacePay platform is powered by its native $SPY token. Of the total supply of 34 billion tokens, 20% are allocated to the public presale, while the founding team reserved just 5% for themselves – notably lower than the 20-30% typically seen in many crypto projects.

Token holders receive monthly loyalty airdrops based on platform activity, governance rights for voting on platform decisions, and a share of transaction fees through a revenue-sharing model.

This community-driven approach fosters genuine engagement rather than pure speculation.

As more businesses adopt SpacePay, the value created flows back to token holders who supported the platform from the beginning.

Joining the SpacePay Ecosystem

Want to get in on SpacePay? You can grab $SPY tokens right now during the presale for $0.003181 each. Just head over to the SpacePay website and hook up your crypto wallet.

Don’t worry if you’re still figuring out this whole crypto thing – they take all sorts of payments. Whether you’ve got ETH, BNB, MATIC, AVAX, BASE, USDT, or USDC sitting around, they’ll take it. No crypto at all? No problem, you can just use your regular bank card.

Once you’ve connected your wallet, you’ll pick how many tokens you want and follow a few quick steps to finish up. Your tokens will then hang out safely in your wallet until the presale wraps up.

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