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Why SpacePay Could Save Small Businesses Thousands in Payment Fees

Last updated:

April 4, 2025

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SpacePay, having reached a $1 million presale milestone, introduces a payment solution designed to reduce transaction fees and enable faster settlements for small businesses.

The small businesses that make up Main Street face a hidden cost on every transaction. When you pay with a card at your local coffee shop, bookstore, or restaurant, that business loses 2.5-3.5% to processing fees while waiting days to receive their money.

These costs and delays hit neighborhood stores harder than big chains. It affects everything from pricing to inventory management. As SpacePay reaches $1 million in presale funding with tokens at $0.003181, its approach to lower fees and faster payments could potentially change how local businesses operate.

Local Businesses Feel the Squeeze from Payment Fees

Small neighborhood shops face a financial burden that many customers never see. When you pay with a card at a local bookstore or family-owned cafe, the business loses a meaningful portion of that sale to processing fees.

For a corner bakery with typical 10-15% profit margins, a 3% card fee is nearly a quarter of its potential earnings on each transaction. As card usage grows and cash payments decline year over year, these fees create mounting pressure on Main Street businesses.

The math is different for independent stores than for national chains. A family restaurant processing $30,000 monthly in card payments loses $900 to traditional fees.

Large chains can negotiate better rates based on volume, sometimes paying half what independent businesses do for the same service.

Settlement delays compound these challenges for neighborhood businesses that lack deep cash reserves. When weekend sales remain unavailable until Wednesday or Thursday, small retailers often delay vendor payments or miss opportunities for timely inventory purchases.

Shopping With and Without SpacePay

The morning starts with coffee at the neighborhood cafe. Under traditional payment systems, the $5 latte costs the shop about 15-17 cents in processing fees when paid by card.

The payment won’t reach their account until midweek, creating a cash flow gap between serving customers and accessing earnings. With SpacePay’s model, the same purchase would cost the cafe just 2.5 cents in fees, and the money would be available immediately for purchasing fresh ingredients or paying staff.

Lunchtime at a local restaurant reveals more differences in payment impacts. When four friends split a $100 bill using cards, the restaurant loses $3 to processing under current systems. The faster settlement could allow the restaurant to pay their food supplier that afternoon rather than waiting for card payments to clear days later.

Afternoon shopping at a family-owned clothing boutique shows how payment timing affects inventory management. With traditional systems, weekend sales remain unavailable for restocking decisions until midweek. Immediate fund access could allow the owner to place restocking orders the same day items sell out.

Main Street Benefits If Payment Costs Drop

Lower payment fees could directly affect local pricing decisions. Many small businesses currently build card processing costs into their price structures.

The community economic cycle improves when more money stays with local merchants. When neighborhood businesses keep an additional 2.5% of their sales, those funds recirculate locally through supplier purchases, staff wages, and owner spending.

Small business hiring decisions feel the impact of seemingly small fee percentages. A family restaurant saving $800 monthly in processing fees gains nearly enough to hire an additional part-time staff member.

The Road from Presale to Local Adoption

SpacePay’s presale milestone of $1 million with tokens at $0.003181 marks early progress, but bringing this payment system to neighborhood stores needs several practical steps.

Local merchant adoption typically follows community patterns rather than individual decisions. When several businesses in a shopping district begin using a new payment method, others tend to follow upon seeing actual results from their neighbors.

SpacePay has achieved several milestones in its development journey. The platform secured $750,000 from private investors who recognized its potential to change payment processing with lower fees and faster settlements. This early funding provided the foundation for building the core technology that connects over 325 crypto wallets to standard payment terminals.

The successful completion of comprehensive Smart Contract Audits verified that the system processes transactions securely while protecting merchant funds.

The platform earned industry recognition by winning the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23, which validates its practical approach to solving merchant payment challenges.

JOIN THE SPACEPAY (SPY) PRESALE NOW: