Faster and cheaper— the two adverbs to correctly describe how Bitcoin is making easy the exchange of money among merchants and consumers that sell and buy services or goods. So whether you run an e-commerce business or a physical store, accepting Bitcoin may prove more helpful to you than any other payment methods, including taking credit cards.
Retailers particularly love Bitcoin for their extremely low fees and faster settlement in comparison to traditional payment systems. Plus, chargebacks are no longer an issue as Bitcoin transactions are verified and completed on the Blockchain— which means the retailer has the say-so on returns and fraudulent activity.
Advanced Bitcoin merchant services also provide invoices and user-friendly Point-Of-Sale (POS) apps that are compatible with mobile gadgets like smartphones and tablets. On receiving payment, most processors convert the Bitcoins to the merchant’s local currency at the then exchange rate. And merchants must not worry about the ever-changing conversion rates as there many different online tools they can use to monitor conversion rates.
Here are some Bitcoin merchant solutions for your business.
Payment Gateways for Bitcoin merchants
Below are payment gateway options for your Bitcoin merchant account. They differ in offerings and “what’s best for you” depends on your company’s needs.
BitPay, the world’s master Bitcoin payment processor eases the process of taking Bitcoin payments for the retailer. It serves merchants across six continents and has a reputation for an extremely secure Bitcoin payment platform that helps thousands of Bitcoin users per day.
Courtesy of the globe’s top digital currency firm Coinbase, merchants now have Coinbase Commerce, which is a quick and safe way for a retailer who wants to start taking digital currency payments immediately. Business owners worldwide can gain access to a universal customer base by taking unlimited digital currency payments.
GoUrl is an international provider of cryptocurrency payment solutions for online merchants. It is a Bitcoin-and Altcoin-protocol backed payment platform where sellers and buyers transact with each. The platform hosts over 18,000 registered businesses and vendors worldwide.
Other equally useful gateways are; Rocket which is a wide-ranging service and Blockonomics which is a painless way to join cryptocurrency.
Point of Sale (POS) Options for Bitcoin Merchants
Blockchain, Coingate, XBTerminal, and BitcoinPay are all point of sale options for Bitcoin merchants. And to help ease the process of meeting today’s payments demands for the merchant; all of these POS apps are compatible with tablets and smartphones. However, they have different unique offerings as well, and merchants are advised to learn more about every POS before making a decision.
Trading in cryptocurrency is getting more comfortable by the day; don’t hesitate to join the movement.