No matter you’re operating online or in a physical location using, by using Bitcoin you can enjoy significant benefits. These benefits can prove to be more significant than those associated with credit card services and other payment methods. So, it’s no surprise that many websites are now accepting Bitcoin as payment for the goods and services they offer. Moreover, the number of brick-and-mortar sites starting to accept Bitcoin is increasing as well.
Bitcoin is a cryptocurrency and payment system that can be used all over the world. It’s the 1st decentralized digital currency or the system that works without a central bank or single administrator. The network operates on a peer-to-peer basis, and transaction processing takes place between users directly through the use of cryptography: no intermediary is needed.
The domain name “bitcoin.org” was registered on 18 August 2008. In November 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto put the bitcoin software into implementation as open source code and released it in January 2009. The identity of Nakamoto is unknown.
It can prove to be challenging to find a processor to open a Bitcoin merchant account. Traditional processors as well as mainstream banks won’t be willing to accept your business. Thankfully, there is a high risk specialist like emerchantbroker.com that can get you a Bitcoin merchant account easily. You can start accepting orders within 72 hours. EMB is voted the #1 high risk payment processor in the US and offers secure gateways ready to accept mobile payments.
Emerchantbroker.com boasts an A+ rating with the BBB and has an A rating with Card Payment Options. Moreover, EMB is one of Inc. 500’s Fastest Growing Companies of 2016. EMB serves both traditional and high risk businesses.
The fees associated with using Bitcoin are lower as compared to traditional payment mechanisms, and payments settle instantly. You won’t be faced with chargebacks since Bitcoin transactions are final and confirmed on the blockchain, which “makes the final decision” concerning returns and fraudulent activities. The blockchain is the world’s leading software platform for digital assets.
If you’re interested, you can apply for Bitcoin merchant solutions that provide invoices and easy-to-use point-of-sale (POS) applications designed to operate on a smartphone or tablet. Usually, many merchant processors instantly convert the Bitcoin payment to your local currency at the current exchange rate.