The Luxury Bank
Published in

The Luxury Bank

Using The Luxury Coin (TLB) in an eCommerce Store

Cryptocurrencies like The Luxury Coin (TLB) complement eCommerce. That’s because they are available online and appeal to digitally-savvy users. Therefore, eCommerce stores or retailers should see TLB the way they see their businesses. Accepting TLB payments is an option for people that need a more convenient and fast way to pay for their services and commodities online. And this can bring more customers because people are looking for ideal digitally-based payment methods.

Once an eCommerce accepts TLB, customers don’t have to visit a bank whenever they want to complete online payments. They also don’t have to disclose their credit card details at the checkout. Thus, correct TLB payments can complement your eCommerce store’s existing services.

Benefits of TLB for an eCommerce Store

The Luxury Point of Sale

Accepting TLB payments will benefit your eCommerce store in several ways. Here are the key benefits of TLB for an eCommerce retailer.

  • Broader market: When your eCommerce store starts accepting TLB payments, it attracts more tech-savvy consumers. These consumers form an entire community that’s always looking for stores that accept cryptocurrencies. Provide this payment option, and they will always shop from your online store.
  • Fast transactions: Compared to bank transfers and credit cards, TLB provides efficient transactions. With regular payments, transactions can take days or even a week. On the other hand, TLB transactions are almost instant. Thus, your eCommerce store can access funds practically instantly once a customer has paid. And fast transactions help in streamlining cash flow for a business.
  • Low fees: Compared to traditional payment methods, TLB attracts low costs. These fees vary based on whether an eCommerce store involves a third-party to process payment or goes directly to a personal wallet. However, TLB transactions attract a lower price than traditional payment methods.
  • More security: A customer can’t reverse a TLB transaction. And this makes it more secure because chargebacks are impossible. Chargebacks are common frauds for eCommerce. That’s because some customers cancel transactions once the retailer has sent the ordered product. Accepting TLB payments can eliminate the possibility of this fraud.

Final Thoughts

TLB presents an innovative currency and payment method. And your eCommerce can accept this cryptocurrency via a third-party processor or personal wallet. If you choose a personal wallet, learn how it works, and then set up your virtual wallet. You can download the wallet to your computer or phone or use a hardware wallet.

If you use a third-party processor, your eCommerce has to allow them to handle all payments. A third-party payment processor will also convert TLB into your local fiat currency instantly.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Luxury

The Luxury

Bridging the gap between the old and the new