Self-Custody Merchant Accounts: 7 Mistakes You're Making with Traditional Crypto Payment Processors (and How Larecoin Fixes Them)

You're running a business. Accepting crypto payments makes sense.

But here's the thing, most merchants are doing it wrong.

Traditional crypto payment processors like NOWPayments and CoinPayments trap you in the same old custodial system. Same problems as credit cards. Different wrapper.

Let's break down the 7 biggest mistakes merchants make with these platforms, and how self-custody merchant accounts with Larecoin give you actual freedom.

Mistake #1: Letting Someone Else Hold Your Money

The Problem:

NOWPayments and CoinPayments act as custodians. They hold your funds. They control access. They can freeze your account without warning.

Sound familiar? It's the same centralized control you get with traditional payment processors.

Your crypto sits in their wallet. You wait for withdrawals. They set the rules.

How Larecoin Fixes It:

Funds go directly to your wallet. On-chain. Instantly.

You control the keys. You control the money. No intermediary holding your funds hostage.

True self-custody means true ownership. Your business. Your crypto. Your control.

Mistake #2: Paying 3% Fees While Waiting Days for Settlement

The Problem:

Traditional crypto processors charge approximately 3% per transaction. Then you wait days for settlement.

CoinPayments takes 0.5% on every transaction. NOWPayments charges between 0.5-0.8%. Plus withdrawal fees. Plus conversion fees if you want fiat.

These fees compound. Fast.

How Larecoin Fixes It:

Gas fees only. That's it.

No percentage cuts. No withdrawal fees. No settlement delays.

Network fees range from pennies to a few dollars depending on blockchain congestion. But you're not paying a middleman 3% of every sale.

Do the math. A $10,000 monthly transaction volume saves you $300+ monthly. That's $3,600+ annually back in your pocket.

Mistake #3: Jumping Through Approval Hoops Just to Get Started

The Problem:

Want to accept crypto with traditional processors? Get ready for the paperwork.

Account applications. Credit checks. Merchant agreement reviews. KYC documentation. Approval waiting periods.

CoinPayments requires business verification. NOWPayments needs compliance checks. You're basically applying for a bank account all over again.

How Larecoin Fixes It:

Connect your wallet. Start accepting payments. Done.

No approval process. No credit checks. No waiting.

Self-custody means no gatekeeper deciding if you're worthy of accepting payments. You're live in minutes, not weeks.

Mistake #4: Getting Rejected for Being "High-Risk"

The Problem:

Payment processors discriminate. They reject entire industries they deem "high-risk."

Adult content. Gambling. CBD. Political organizations. Certain international markets.

Even legitimate businesses get rejected based on arbitrary risk assessments.

CoinPayments and NOWPayments have terms of service that exclude certain business types. You might be perfectly legal, but still can't accept payments.

How Larecoin Fixes It:

No discrimination. Period.

Self-custody merchant accounts don't judge your business model. Blockchain doesn't care what you sell.

If you're operating legally, you can accept crypto payments. No exceptions. No rejections. No "high-risk" classifications.

Your business is your business. Decentralization means freedom from arbitrary gatekeeping.

Mistake #5: Paying Extra for Multiple Locations

The Problem:

Traditional point-of-sale systems charge per-location licensing fees.

Running 5 stores? Pay 5x the fees. Expanding internationally? That's extra.

Processors like CoinPayments charge based on transaction volume across all locations. More stores = more transactions = higher tier pricing.

The scaling penalty hits hard.

How Larecoin Fixes It:

Same gas fees whether you operate 1 location or 100.

Blockchain doesn't care how many physical stores you run. Network fees stay consistent.

Want to expand? Your payment processing costs don't explode with each new location.

Global scalability without the traditional cost multipliers.

Mistake #6: Losing Profits to Cross-Border Fees

The Problem:

Selling internationally? Traditional processors destroy your margins with cross-border fees.

Currency conversion costs. International transaction fees. Regional payment method surcharges.

NOWPayments charges different rates for different regions. CoinPayments adds fees for cross-border settlements.

International customers suddenly become your least profitable segment.

How Larecoin Fixes It:

Crypto is borderless. So are the fees.

Customer in Tokyo or Toronto? Makes no difference. Same gas fee applies.

Accept payments globally without regional fee discrimination. LUSD stablecoin keeps value stable across all markets.

Your margins stay intact regardless of where your customers live.

True global commerce without geographic penalties.

Mistake #7: Dealing with Chargebacks and Dispute Nightmares

The Problem:

Traditional payment systems make dispute resolution painful.

Chargebacks eat into profits. Dispute documentation is tedious. Proving legitimate transactions takes time and resources.

Crypto processors still deal with customer disputes. But proving transaction legitimacy requires jumping through hoops.

CoinPayments and NOWPayments provide basic transaction records. But verification can be complicated. Screenshots aren't always enough.

How Larecoin Fixes It:

NFT receipts document everything on-chain.

Timestamp verification. Wallet signature authentication. Immutable transaction records.

Customer disputes a payment? Show them the blockchain. The proof is irrefutable.

No more he-said-she-said disputes. The chain doesn't lie.

Every transaction becomes self-documenting. Merchant protection built into the protocol.

The Self-Custody Advantage: Merchant Freedom

Traditional crypto processors promise decentralization but deliver centralized control.

They hold your funds. They set the fees. They decide who can participate.

That's not crypto. That's just PayPal with blockchain marketing.

Real self-custody means:

• Direct wallet deposits

• No intermediary control

• Instant access to funds

• Transparent on-chain records

• Freedom from arbitrary restrictions

Larecoin's merchant solutions deliver actual independence. Your business runs on your terms.

What About Security?

Yes, self-custody requires securing your own keys.

You need backup systems. You manage recovery phrases. You're responsible for security.

That's the trade-off for eliminating intermediaries.

But here's the reality: custodial processors get hacked too. They freeze accounts. They go bankrupt and lock customer funds.

Which risk would you rather take? Securing your own keys or trusting a third party with everything?

Most merchants choose independence once they understand the alternatives.

Making the Switch

Transitioning from NOWPayments or CoinPayments to self-custody is straightforward:

1. Set up your Larecoin merchant wallet

2. Connect your existing business systems

3. Start receiving direct payments on-chain

4. Keep 100% of your revenue minus gas fees

No migration fees. No complicated onboarding. No waiting periods.

The Larecoin ecosystem integrates with existing e-commerce platforms. Your customers won't notice the switch. But your profit margins will.

The Bottom Line

Stop making these 7 mistakes:

1. Letting custodians control your money

2. Paying excessive processing fees

3. Jumping through approval hoops

4. Accepting business discrimination

5. Paying per-location penalties

6. Losing profits to cross-border fees

7. Fighting chargeback nightmares

Self-custody merchant accounts solve all of them.

Traditional processors charge you for the privilege of not owning your money. That's backwards.

Crypto was built for peer-to-peer transactions. Direct payments. No intermediaries.

Larecoin delivers on that promise. Gas fees only. Direct deposits. No gatekeepers.

Your business. Your crypto. Your control.

Stop paying middlemen to hold your money. Start accepting crypto the way it was designed: directly to your wallet with complete self-custody.

Ready to make the switch? Explore Larecoin merchant solutions and take back control of your payments.