In just a little less than a decade, cryptocurrency has progressed from an obscure realm dominated by high risk ventures to one of the most popular phenomena in business and investments. The technology that supports all digital currency, known as “blockchain” is also gaining significant favor.
Blockchain technology is proclaimed as one of the great technological inventions since the Internet. Moreover, beyond its use within the decentralized currency, blockchain technology has already made its mark in a wide range of industries, including digital IDs, supply chain management, real estate, voting, and so much more.
Regardless of whether digital currency and its corresponding blockchain technology gain universal success, there is one thing for sure, Bitcoin has irrevocably changed how businesses process payments. Furthermore, the technology to help businesses accept Bitcoin has advanced as such that accepting this cryptocurrency is easier than ever.
Why Accept Bitcoin?
Merchants should seriously consider accepting Bitcoin as one of their many forms of payment. Not only is it more affordable, easier, and safer for all, it also could be a trend that is here to stay. Here are just a few more benefits:
- No Chargebacks: Credit card transactions can be mired in chargebacks. However, all Bitcoin transactions are irrevocable. That is, as soon as the funds have been completely transferred, the senders of that payment cannot recover it without the merchant’s permission. This eradicates all chargeback costs and it also prevents criminals from committing e-Commerce fraud.
- Little To No Transaction Fees: Bitcoin is not regulated by financial institutions or governments. All transactions occur between the buyer and seller. This eliminates the middleman that generally places a hold on your funds. Furthermore, any fees associated with processing Bitcoin payments is significantly lower than those tied to credit cards. A trustworthy Bitcoin processor can charge anywhere between 0% for lower sales volume to 1% for higher sales volume.
- Expand Your Customer Base: Accepting Bitcoin means accepting more customers and reaching new target markets. As more consumers are discovering the benefits of using Bitcoin and other cryptocurrency to purchase their goods and services, businesses are well-advised to be ready to serve these customers. It will position you as a more technologically advanced business that is moving with the times.
How You Can Accept Bitcoin On Your Website
Now that you are familiar with the benefits of accepting Bitcoin for your business, it’s now time to dive into how you can start accepting Bitcoin on your website.
If you currently have an e-Commerce website, you simply need to find a trustworthy and reputable Bitcoin payment processor to integrate within your store. Look no further than cryptocurrency payments from eMerchantBroker.com (EMB).
EMB’s cryptocurrency payments is backed with extensive experience in the high risk payment processing industry. Paired with a strong grasp of cutting-edge fintech advancements, including the complex world of cryptocurrency.
Ready to get started with Bitcoin? Don’t delay. If you already have a merchant account, you can easily apply to EMB for cryptocurrency payments.
If you want to apply for a merchant account and cryptocurrency payments, you can fill out EMB’s quick and easy online application. Approval is not guaranteed, but we do promise an open and straightforward application process. Merchants can be approved in 24 hours.
Get Started With Bitcoin Today
Accepting Bitcoin has numerous advantages and implications for your business. It’s time to take forward-thinking action and position your business to thrive in this ever-changing, global economy.