There is no fee to receive Okcash, and the fee for sending is just 0.0001 OK no matter where you send it, being one of the lowest fees in the market. On some wallets you can control how large a fee to pay when spending. higher fees can encourage even faster confirmations of your transactions.
Any business that accepts credit cards or PayPal knows the problem of payments that are later reversed. Charge back frauds result in limited market reach and increased prices, which in turn penalizes customers. Okcash payments are irreversible and secure, meaning that the cost of fraud is no longer pushed onto the shoulders of the merchants.
Sending OK across borders is as easy as sending an email. There are no waiting times like with banks, nor extra fees or special limitations like the minimum or maximum amount you can send, you have full control and the receiver will see the payment reflected in seconds.
Accepting credit cards online typically requires extensive security checks in order to comply with the PCI standard. Okcash still requires you to secure your wallet and your payment requests. However, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like credit card numbers.
Okcash is an emerging market of new customers who are searching for ways to spend their Okcash. Accepting them is a good way to get new customers and give your business some new visibility. Accepting a new payment method has often shown to be a clever practice for online businesses.
Many organizations are required to produce accounting documents about their activity. Using OK allows you to offer the highest level of transparency since you can provide information your members can use to verify your balances and transactions. Non-profit organizations can also allow the public to see how much they receive in donations, empowering them by the transparency of the system.