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

You're leaving money on the table.

Every transaction through NOWPayments or CoinPayments chips away at your margins. Every settlement delay impacts your cash flow. Every account hold puts your business at risk.

Traditional crypto payment processors promised freedom from banks. Instead, they became the new middleman.

Here are the 7 biggest mistakes merchants make with legacy processors: and how Larecoin fixes every single one.

Mistake #1: Surrendering Custody of Your Crypto

The Problem: NOWPayments and CoinPayments hold your funds. They control the wallets. They decide when you get paid.

Customer sends Bitcoin. Money hits their wallet first. Not yours.

You wait for their "security review." You hope they don't flag your account. You pray the funds arrive on schedule.

How Larecoin Fixes It: Self-custody. Period.

Payments land directly in YOUR wallet. On-chain. Instant. You control the keys. You control the money.

No intermediary. No custodian. No one holding your crypto hostage during "routine reviews."

Mistake #2: Bleeding 3%+ in Processing Fees

The Math Is Brutal: CoinPayments charges 0.5% per transaction. NOWPayments takes 0.5-1%. Sounds reasonable until you scale.

$100,000 monthly revenue = $500-$1,000 in fees. $1 million yearly = $5,000-$10,000 gone.

Every percentage point matters at scale.

How Larecoin Fixes It: Gas fees only.

No percentage cut. No monthly subscription. No hidden charges.

You pay blockchain gas fees. That's it.

On Solana? We're talking pennies per transaction. A $10,000 payment costs the same as a $10 payment: fractions of a cent.

Your margin stays intact. Your profits stay yours.

Mistake #3: Waiting 2-7 Days for Settlement

The Problem: Traditional processors batch settlements. Daily, weekly, sometimes longer.

Your customer pays Monday. You see funds Thursday. Maybe Friday.

Cash flow suffers. Working capital disappears. You can't reinvest quickly.

CoinPayments settles daily at best. NOWPayments operates on similar schedules.

How Larecoin Fixes It: Instant settlement.

Blockchain transactions confirm in seconds or minutes. Funds arrive immediately.

No batching. No waiting periods. No settlement windows.

Customer pays → You receive → Done.

Real-time liquidity. Real merchant freedom.

Mistake #4: Fighting Chargebacks and Fraud

The Nightmare Scenario: Customer claims they "never received" their digital product. Credit card issuer sides with them. You lose the sale AND the product.

Traditional processors offer minimal protection. Disputes drain resources. Fraudsters know how to game the system.

Even crypto processors create chargeback-like scenarios through their dispute resolution processes.

How Larecoin Fixes It: NFT receipts.

Every transaction generates an immutable NFT receipt on the blockchain.

Proof of payment. Proof of delivery. Timestamped. Verifiable. Permanent.

The blockchain proves the transaction happened. Fraudsters hate this. Honest merchants love it.

No chargebacks. No disputes. Just cryptographic proof.

Mistake #5: Submitting to Approval Processes

The Problem: CoinPayments requires account approval. NOWPayments runs background checks.

"High-risk" businesses? Denied. International sellers? Extra scrutiny. Certain product categories? Rejected.

You submit documentation. You wait days. You might get declined anyway.

They decide who gets to accept crypto. They control market access.

How Larecoin Fixes It: No approval needed.

Set up your wallet. Start accepting payments. Takes 5 minutes.

No credit checks. No business verification. No waiting periods.

Decentralized by design. Permissionless by nature.

Anyone can accept crypto through Larecoin. Including merchants traditional processors reject.

Mistake #6: Accepting Account Freezes and Fund Holds

The Reality: Processors freeze accounts without warning. They hold funds during "security reviews." They ask questions later.

NOWPayments Terms of Service: "We reserve the right to suspend or terminate services."

CoinPayments: "Accounts may be frozen pending investigation."

Your funds. Their control. Your risk.

One algorithmic flag. One suspicious transaction pattern. One compliance officer having a bad day.

Suddenly your working capital vanishes.

How Larecoin Fixes It: Non-custodial architecture.

We never hold your funds. We can't freeze your account.

Payments flow peer-to-peer. Wallet-to-wallet. No intermediary control.

The only way to "freeze" a Larecoin payment? Shut down the entire blockchain. Good luck with that.

True merchant independence requires eliminating third-party custody entirely.

Mistake #7: Missing Blockchain-Native Innovation

What You're Missing: Traditional processors bolt crypto onto legacy payment infrastructure.

They miss the innovations that make blockchain revolutionary.

No LUSD stablecoin integration. No token-based loyalty programs. No NFT receipts. No DeFi yield opportunities.

They treat crypto like "just another payment method" instead of a complete financial paradigm shift.

How Larecoin Fixes It: Full Web3 ecosystem.

LUSD Stablecoin: Accept payments in LUSD for price stability without volatility risk. Dollars on the blockchain.

NFT Receipts: Every transaction becomes a collectible proof-of-purchase. Customers love it. Your accounting department loves it more.

DeFi Integration: Earn yield on idle crypto balances. Your treasury works for you.

Token Rewards: Issue LARE tokens as loyalty rewards. Customers can trade, hold, or spend them across the ecosystem.

Metaverse Ready: Accept payments in virtual worlds. Future-proof your business for spatial commerce.

Traditional processors can't offer this. They're stuck in Web2 thinking.

The Real Cost of "Convenience"

NOWPayments and CoinPayments market themselves as "convenient" crypto solutions.

Convenient for who?

Convenient for them to extract fees. Convenient for them to control your funds. Convenient for them to maintain centralized power.

Not convenient for you.

Real convenience means:

• Instant access to YOUR money

• Fees measured in pennies, not percentages

• No approval processes or account holds

• Blockchain-native features that grow your business

That's what self-custody delivers.

Making the Switch

Legacy processor merchants ask: "Is self-custody complicated?"

The setup is simpler than opening a bank account.

1. Create a wallet

2. Connect to Larecoin

3. Share your payment address

4. Start accepting crypto

No KYC forms. No business documents. No credit checks.

The learning curve? Understanding basic wallet security. Backing up your seed phrase. Standard crypto hygiene.

Worth it? Ask yourself: Would you rather learn basic wallet security or watch 3% of every transaction disappear forever?

Your Money, Your Rules

Traditional crypto payment processors promised to revolutionize commerce.

They just replaced one set of middlemen with another.

Self-custody isn't a feature. It's a fundamental shift in who controls your business revenue.

Stop paying gatekeepers. Stop waiting for settlement. Stop surrendering control.

Start accepting payments the way blockchain intended: direct, instant, peer-to-peer.

Visit Larecoin to set up your self-custody merchant account. No approval needed. No processing fees. Just you, your customers, and the blockchain.

Your funds. Your wallet. Your future.

The choice is yours. But every day you wait, another 3% disappears.