7 Mistakes You’re Making with Your Crypto Merchant Account (and How to Fix Them)

Accepting crypto should be easy. It should be cheaper than credit cards. It should give you total freedom. But for most merchants, it’s just another headache. Why? Because you’re likely using a "middleman" service that functions exactly like the banks you’re trying to escape.

If you’re using platforms like NOWPayments or CoinPayments, you might be falling into traps that drain your revenue and compromise your security. At Larecoin, we’re changing the game. We’re moving away from the old custodial models and into the era of Web3 global payments.

Here are the 7 biggest mistakes merchants make with their crypto accounts: and how to fix them today.

1. Handing Over Control to Custodial Providers

The biggest mistake is the most common one. You sign up for a processor. You start taking payments. But where does that money go? Usually, it goes into their wallet, not yours.

When you use custodial providers like NOWPayments, they hold your private keys. This means they control when you can withdraw your own money. They set withdrawal limits. They can freeze your account for "compliance" reasons whenever they feel like it.

The Fix: Self-Custody is King. Stop letting others hold your revenue. Larecoin is built on the principle of self-custody. When a customer pays, the funds should belong to you immediately. No middleman. No "pending" status. Just your crypto in your wallet.

2. Bleeding Money on Hidden Withdrawal Fees

You thought crypto was supposed to save you the 3% interchange fee? Think again. Many processors lure you in with a low "processing fee" (like 0.5% or 1%), but then they hit you where it hurts: the withdrawal.

Between conversion fees, network "markup" fees, and flat withdrawal charges, you often end up paying 2.5% to 3% anyway. It’s the same old story with a different name.

The Fix: Transparent, Gas-Only Transfers. Larecoin focuses on reducing merchant interchange fees. Our ecosystem is designed for efficiency. By leveraging the Solana blockchain, we offer gas-only transfers. No hidden markups. No withdrawal penalties. You keep what you earn.

3. Creating Tax Nightmares Without Proper Records

Most crypto processors are terrible at bookkeeping. They give you a transaction hash and an email. That’s it. Come tax season, you’re stuck trying to figure out the cost basis, the USD value at the time of the trade, and which order belongs to which customer. It’s a mess.

The Fix: NFT Receipts. This is where Larecoin leaves the competition in the dust. We use NFT receipts. Every transaction generates a unique, immutable digital receipt on the blockchain. It contains all the metadata you need for accounting. It’s audit-ready, permanent, and impossible to lose. Stop chasing spreadsheets and start using Web3 receivables.

4. Accepting Only Bitcoin and Missing Stablecoin Demand

Bitcoin is great for "HODLing," but it’s stressful for business. If a customer buys a $100 item in BTC and the price drops 10% before you can swap it, you just lost your margin. Research shows that over 70% of crypto users prefer stablecoins for actual purchases. If you only offer volatile assets, you’re losing customers.

The Fix: Use LUSD. Larecoin’s ecosystem includes LUSD: a stablecoin version designed for commerce. It gives you the speed of crypto with the stability of the dollar. No volatility risk. No price-swing anxiety. Just predictable revenue.

5. Getting Locked Into Annual Contracts

Why are you signing a 12-month contract to accept decentralized currency? Some legacy-style crypto processors try to trap merchants with minimum monthly volumes and early termination fees. This is the opposite of what Web3 is about.

The Fix: Total Merchant Freedom. Larecoin doesn’t do "lock-ins." We believe our value speaks for itself. You should have the independence to choose your tools without a sales rep breathing down your neck. The 100-post Larecoin marathon is all about proving that decentralized systems work better when they are open and flexible.

6. Trusting Centralized Exchanges to Hold Your Revenue

If your payment processor relies on a centralized exchange (CEX) to hold your funds, you are one hack or one regulatory "tweak" away from losing everything. If the exchange goes down, your revenue goes with it. We’ve seen it happen time and time again in this industry.

The Fix: Direct-to-Wallet Processing. Cut out the exchange risk. Larecoin facilitates direct payments. Your revenue doesn't sit on a centralized server waiting to be hacked. It lives on the blockchain, secured by your own keys. This is the only way to ensure true financial sovereignty.

7. Overlooking the "Full Cost" of Payment Processing

Most merchants only look at the "Processing Fee" percentage. They forget to calculate:

• The time spent on manual reconciliations.

• The cost of "bridging" assets between chains.

• The "Push-to-Card" fees when they actually want to spend their money in the real world.

When you add it all up, "cheap" processors are actually quite expensive.

The Fix: An All-in-One Ecosystem. Larecoin provides a comprehensive suite of tools. From Web3 global payments to push-to-card services, we handle the entire lifecycle of a transaction. We’ve optimized every step to ensure the "Total Cost of Ownership" is the lowest in the market.

Why Larecoin is the Smartest Choice for 2026

The market is shifting. Merchants are tired of being treated like "high risk" by banks and "low priority" by custodial crypto processors. You deserve a solution that prioritizes your bottom line.

Larecoin vs. The Old Way:

• NOWPayments/CoinPayments: Custodial, withdrawal fees, zero tax automation, middleman risk.

• Larecoin: Self-custody, gas-only transfers, NFT receipts, LUSD stability, total independence.

Don't let your merchant account be a liability. Turn it into a competitive advantage. By fixing these 7 mistakes, you’ll save thousands in fees, eliminate hours of accounting work, and take full control of your business's financial future.

Ready to upgrade? Join the revolution at larecoin.com.

Set Up Your Account. Take Control. Join the Future.

Let's Chat! Head over to our community forum to see how other merchants are leveraging the Larecoin ecosystem to scale globally. It’s time to stop paying for the privilege of accessing your own money.

The Larecoin marathon continues. Every hour, we’re bringing more value, more disruption, and more freedom to the world of Web3 payments. Stay tuned.