7 Mistakes Merchants Make With Self-Custody Crypto Payments (And How Larecoin Fixes Them)

Stop Giving Away Your Money to Payment Processors

Here's the hard truth: most merchants think they're accepting crypto payments the "right way" by using traditional processors like NOWPayments or CoinPayments.

They're not.

They're bleeding cash, losing control, and creating tax nightmares, all while thinking they're being smart about Web3.

Let's fix that.

Mistake #1: Handing Your Keys to Someone Else

When you process payments through NOWPayments or CoinPayments, your crypto sits in their wallets. Not yours.

They control:

• Withdrawal timing

• Transfer limits

• Account access

• Fund freezes

Think you own your revenue? Check your terms of service.

How Larecoin Fixes It: Every payment lands directly in your wallet. You hold the private keys. Zero middlemen. Zero permission needed to access your own money.

That's actual self-custody. Not custodial cosplay.

Mistake #2: Paying Fees to Take Out Your Own Money

Here's where it gets insulting.

CoinPayments charges 0.5% per transaction. NOWPayments takes 0.5-1%.

Process $100,000 monthly? That's $500-$1,000 just to accept payments.

Then you pay withdrawal fees on top.

You're literally paying twice to access your revenue.

How Larecoin Fixes It: Gas-only transfers. No platform fees. No withdrawal fees. No revenue share.

Our merchants save thousands monthly compared to traditional processors.

The math is brutal for legacy platforms.

Mistake #3: Creating a Tax Compliance Disaster

April 15th rolls around. Your accountant asks for transaction records.

You get:

• Transaction hashes

• Generic confirmation emails

• Maybe a CSV if you're lucky

No cost basis. No proper documentation. No audit trail.

Good luck explaining that to the IRS.

How Larecoin Fixes It: NFT receipts for every transaction. Permanent on-chain records with full transaction details.

Your accountant will actually thank you. Seriously.

Mistake #4: Only Accepting Bitcoin (Missing 70% of Crypto Users)

Bitcoin volatility scares customers.

They check out at $50. Bitcoin drops 3% during confirmation. They paid $51.50.

That's why 70% of crypto users prefer stablecoins for transactions.

But most processors? Bitcoin only. Maybe Ethereum if you're lucky.

How Larecoin Fixes It: LUSD stablecoin built into the ecosystem. Solana-based payments in under 1 second.

Customers pay what they see. No surprise price changes. No volatility anxiety.

Mistake #5: Forcing Customers Through Payment Gateway Hell

Traditional crypto checkout flow:

1. Redirect to payment gateway

2. QR code won't scan

3. Manual address copy-paste

4. Wrong network selected

5. Transaction fails

6. Start over

Your conversion rate just dropped 40%.

How Larecoin Fixes It: Direct wallet-to-wallet transactions. Built on Solana for sub-second confirmations.

Clean UI. Simple process. Higher conversions.

Checkout shouldn't feel like solving a puzzle.

Mistake #6: Getting Trapped in Annual Contracts

Many processors lock you in:

• 12-month minimum commitments

• Monthly volume requirements

• Early cancellation penalties

• Auto-renewal clauses

You're stuck even when the service sucks.

How Larecoin Fixes It: No contracts. No commitments. No lock-ins.

Start accepting payments today. Stop tomorrow if you want.

That's merchant freedom.

Mistake #7: Trusting Exchanges With Your Business Revenue

When processors hold funds on centralized exchanges, you face counterparty risk.

Remember FTX? Celsius? Voyager?

Exchange hacks happen. Regulatory freezes happen. Token delistings happen.

Your revenue shouldn't depend on someone else's balance sheet.

How Larecoin Fixes It: Self-custody keeps crypto on-chain in non-custodial wallets.

No exchange exposure. No counterparty risk. No "sorry, funds are temporarily unavailable."

Your money stays your money.

The Real Cost of "Easy" Payment Processing

Let's do the math on a $100,000 monthly revenue merchant:

Traditional Processor:

• Transaction fees: $500-$1,000

• Withdrawal fees: $200-$400

• Hidden conversion spreads: $300-$500

• Total monthly cost: $1,000-$1,900

• Annual cost: $12,000-$22,800

Larecoin:

• Gas fees: ~$50-$100

• Platform fees: $0

• Withdrawal fees: $0

• Total monthly cost: $50-$100

• Annual cost: $600-$1,200

Savings: $11,400-$21,600 annually

That's not a rounding error. That's real money staying in your business.

Why Merchants Are Making the Switch

Independence matters.

Control matters.

Not paying unnecessary fees matters.

Traditional processors built their models on Web2 thinking: take a cut, control the flow, extract maximum value.

Larecoin runs on Web3 principles: decentralization, transparency, merchant ownership.

You don't need permission to access your funds. You don't pay tribute to process payments. You don't surrender control for convenience.

The Self-Custody Advantage

Self-custody isn't just about holding your own keys.

It's about:

• Financial sovereignty – No one can freeze your account

• Cost efficiency – No middleman means no middleman fees

• Instant access – Your funds, your timeline

• Privacy – Your business data stays yours

• Compliance – Proper records from day one

When you control the rails, you control the outcome.

What This Means for Your Business

Stop overpaying for basic payment processing.

Stop asking permission to access your revenue.

Stop creating compliance nightmares for tax season.

Crypto payments should save you money, not cost you more. They should give you control, not take it away.

That's the Larecoin difference.

Ready to Fix These Mistakes?

Self-custody crypto payments aren't complicated. They're just different from what legacy processors want you to believe.

Set up takes minutes. Integration is straightforward. Support is human.

Visit Larecoin to explore the ecosystem.

Check out our merchant solutions guide for the full breakdown.

Or keep paying unnecessary fees to processors who don't respect merchant independence.

Your revenue. Your choice.

The future of crypto payments is self-custody. The future is now.