As the world continues to embrace digital currencies, the cannabis seed market is no exception. At Seedsman, we strive to provide our customers not only the highest quality cannabis seeds, but also with the most secure, efficient, and accessible payment options. One of the most exciting and advantageous methods we offer is cryptocurrency. Whether you are a retail or business customer, using cryptocurrency for purchasing cannabis seeds can provide you with a range of benefits, from enhanced privacy to reduced transaction fees.
In this special article, we’ll explore the advantages of using cryptocurrency through platforms like CoinGate, and why paying with cryptocurrency can significantly improve your experience when shopping with Seedsman.
What Is Cryptocurrency?
Cryptocurrency, or digital currency, is a decentralized form of money that exists solely in digital form. Unlike traditional currencies such as dollars or euros, cryptocurrencies are built on blockchain technology – a secure and transparent ledger system. This means that transactions are verified by a network of computers rather than a central authority, ensuring trust and security without the need for intermediates like banks.
What sets cryptocurrency apart is its decentralized nature, making it global, easily accessible, and resistant to control by any single entity.
Cryptocurrency and Seedsman: Continuing To Innovate
Seedsman has a proud record of innovation in the cannabis seed industry, and this includes being the first seed bank to offer cryptocurrency payments. We remain committed to offering you the best products, but also the best services available when it comes to purchasing.
How You Benefit From Paying For Seeds With Cryptocurrency
Enhanced Security and Privacy
One of the most significant advantages of using cryptocurrency is the enhanced security it offers. Cryptocurrency transactions are processed through blockchain technology, which uses advanced encryption methods to ensure the integrity and safety of every transaction. This makes it far more secure than traditional payment methods like credit cards or bank transfers, which can be vulnerable to fraud, hacking, and other malicious activities.
Anonymity
For those who prioritize discretion when purchasing cannabis seeds, cryptocurrency provides a higher level of privacy. Traditional payment methods often require sharing personal and financial details, leaving a digital trail. In contrast, crypto transactions do not require any personal information, ensuring your purchases remain anonymous. This can be particularly appealing to privacy-conscious customers, especially in regions where cannabis laws are still in flux.
Privacy-Conscious Customers
At Seedsman, we understand that many of our customers are concerned about their privacy, especially when it comes to purchasing cannabis-related products. Using cryptocurrency allows you to maintain a level of privacy that is simply not possible with traditional payment methods. You can rest assured that your transactions remain confidential, protecting both your personal information and your buying habits.
How Using Cryptocurrency Can Positively Impact Costs
Lower Transaction Costs And Potential For Lower Prices
Cryptocurrency transactions often bypass the need for intermediaries like banks or payment processors, which can significantly reduce transaction fees. With traditional payment systems, especially when dealing with international transactions, fees can quickly add up. Cryptocurrencies, on the other hand, eliminate the need for these middlemen, resulting in lower costs for both you and us at Seedsman.
Reduced transaction costs also create the potential for lower prices. When Seedsman saves money on transaction fees, we can pass those savings onto our customers. This makes using cryptocurrency not only a convenient option but also an economical one.
How Cryptocurrency Makes Your Transactions Smoother
Faster and More Convenient Payments
Time is money, and no one likes waiting for their payments to process. With traditional banking systems, international transactions can take days to clear, especially when time zone differences or bank holidays are involved. Cryptocurrencies offer instantaneous payments free from traditional roadblocks, ensuring a smoother and quicker purchasing experience.
Instant Payments and Fewer Errors
Cryptocurrency transactions are processed immediately, which not only speeds up your order but also reduces the chances of transaction errors. With instant payment confirmation, you don’t have to worry about exchange rate fluctuations during the waiting period, and your order can be processed by Seedsman without delay. This efficiency is particularly beneficial for business customers (B2B) who may be placing large or time-sensitive orders.
Financial Accessibility for All
One of the more unique benefits of using cryptocurrency is its global accessibility. There are millions of people around the world who don’t have access to traditional banking systems, either because of their location, financial situation, or political environment. Cryptocurrencies open up financial freedom to these individuals, allowing them to participate in global commerce without the need for a bank account.
Global Access
For our international customers, particularly those in countries with restrictive banking systems or currency controls, cryptocurrencies provide an accessible and reliable way to purchase cannabis seeds. You don’t need to worry about bank sanctions, credit card denials, or international fees—crypto allows you to bypass these barriers entirely.
Transparency and Accountability, Full Invoicing and Record Keeping
All cryptocurrency transactions are recorded on a public ledger, known as the blockchain. This makes every transaction traceable and verifiable, offering both transparency and accountability. While this may sound counterintuitive for those seeking anonymity, it ensures the integrity of the system by preventing fraudulent activity and providing clear records for users.
Through CoinGate, you can access detailed invoices and records of your crypto transactions, making it easy to track your purchases for accounting or tax purposes. If you’re a business customer, this feature is especially useful, as it allows you to manage large orders and refunds effortlessly.
The Crypto Advantage: More Payment Options and Ease of Use
Among the many benefits of using cryptocurrency, freedom of choice is a key advantage. You’re not tied to any particular broker, so you can choose the cryptocurrency that’s right for you. This diversity gives you the freedom to choose the most convenient currency for you, whether it’s a mainstream option like Bitcoin or Ethereum, or a stablecoin to avoid market volatility.
These options give you the flexibility to select faster or cheaper networks based on your preferences, allowing you to optimize for either speed or cost.
Simple and Secure Checkout
With cryptocurrency checking out is incredibly straightforward. You don’t even need an account to complete your payment—although signing in comes with benefits like saving your purchase history and making larger purchases easier. Once you’ve selected your preferred cryptocurrency, you can either use an external wallet or scan a QR code to complete the payment quickly and securely.
Additional Benefits: Refunds and Buying Crypto
Another advantage of using cryptocurrency is the ease with which you can handle refunds or overpayments. If, for some reason, you pay too much or too little, CoinGate offers a simple and efficient process for correcting the error. Refund forms are automatically generated, and any excess payments are returned without hassle.
Is It Safe and Easy to Buy Crypto?
For customers who are new to cryptocurrency, you can choose to buy from a choice of over 250 different cryptocurrencies using traditional methods like debit cards, credit cards, or bank transfers. While transaction fees for certain payment methods can be high (up to 8% for credit cards), the convenience and security of using crypto make it an excellent option. Shop around for the cryptocurrency that’s right for you, just as you would any other service. Pick a broker, and take it from there.
Paying With Crypto: What you need to know
If you’re new to using cryptocurrency as a payment method, there are a few things to know. Common customer FAQs include the following:
Customer FAQs
How Do Currency fluctuations Affect Cryptocurrency?:
Because settlement is instantaneous, customers won’t have to pay a premium meaning the fiat/crypto exchange rate will be the same at the time of payment. If customers are worried about the short-term fluctuations in the price of these assets, there are multiple stablecoin options (USDT, USDC & DAI) that are pegged to the dollar, ensuring a 1:1 exchange
What if I pay too little?
Be vigilant and make sure you pay the right amount for your order. If you underpay an invoice, the invoice will show the amount of cryptocurrency sent as well as the amount still left to pay. Simply make the second transaction to cover the unpaid amount before the invoice expires. If the invoice expires, a refund form will show up and once filled in, will be processed within 48 hours.
My invoice shows "Confirming" and seems to be stuck.
"Confirming" status indicates that the transaction has been detected, but still waiting for the cryptocurrency network confirmation of the payment.
Once you see this status, there is nothing else you need to do. Feel free to close the invoice tab (though we recommend bookmarking it first) and expect an email from your seller once the payment is processed by them.
Transaction confirmation times depend on 1) the fee that was attached to the transaction and 2) the load of the cryptocurrency network. Typically, transactions confirm within an hour, but can take up to several hours or even days if the fee attached is too small.
Cryptocurrency: The Smart Choice for Buying Cannabis Seeds
Using cryptocurrency to purchase cannabis seeds from Seedsman is not only secure and private but also fast, cost-effective, and globally accessible. With a wide range of options, ease of checkout and additional features like invoicing and refunds, paying with crypto has never been more convenient.
Whether you are a privacy-conscious retail customer or a business placing large orders, cryptocurrency offers tangible benefits that enhance your buying experience. So why not make your next Seedsman purchase using crypto and enjoy a more streamlined and secure transaction process?
