Strategies to Minimize Fees
- Stick to Mono-Currency Payments
- Avoid conversions between different cryptocurrencies.
- Example: Accept ETH directly if you want ETH, instead of BTC → ETH.
- Choose Low-Fee Blockchains
- Use USDT on Binance Smart Chain (BSC) or Tron (TRC20) for cheaper transfers.
- These networks often cost cents compared to Ethereum’s several dollars.
- Enable Fixed-Rate Invoices
- Prevents losses from exchange volatility.
- Especially useful for high-value transactions.
- Batch Transactions
- If possible, consolidate smaller payments into fewer larger ones to reduce repeated network fees.
- Optimize Wallet Selection
- Use wallets that support cheaper chains (BSC, TRC20).
- Avoid wallets that force ERC20 transfers unless necessary.
I run ecommerce site hosted with The Online and it accepts crypto and fiat payments worldwide. What steps do I take to minimize fees on crypto payment platforms like nowpayments is: Use mono-currency payments (0.5% fee), choose low-fee blockchains like USDT on BSC, and avoid unnecessary currency conversions. You can also optimize by using fixed-rate invoices to prevent volatility charges and carefully selecting wallets that reduce network fees. Keep in mind that using classic (floating) rates can lead to unexpected losses.