Ten Bitcoin Merchant Websites That You Should Know About

Jul 15, 2014
bitcoin-logo-bitcoin-pictures-how-to-mine-bitcoin-make-bitcoin_thumb4Where can I use my Bitcoins? Like many individuals who have recently stepped into the Bitcoin community, it is quite likely that you will find yourself confronted with this question. Fortunately with the advent of the Bitcoin, the very first globally decentralized cryptocurrency, there have been quite a few high ranking merchant websites that have established their own Bitcoin Merchant Account begun to accept Bitcoins as payment for their products, services and even simply just for donations.

Below is a list of the top 10 merchant websites (ranked by their Alexa rating) that have expanded their payment methods to include Bitcoins.

1)      wordpress.com (Global Ranking 23) WordPress.com is an online service provider that provides free blog hosting services that make use of the open source WordPress software. While the basic services that the website offers are free they also provide paid upgrades for users who wish to make use of them. In late 2012 the website announced that they were accepting Bitcoins as payment for any of their services.

2)      reddit.com (Global Ranking 54) Reddit, “The front page of the internet”, is a jack of all trades website that encompasses not only social networking, it is also branded as an entertainment and news website as well. In mid-February 2013, Reddit announced publicly that they would accept Bitcoins as a method of purchasing reddit gold.

3)      etsy.com (Global Ranking 168) Etsy is one of the most prominent e-commerce websites that operates solely as an online entity. In late 2011 the website adopted a new policy where sellers can essentially tag their online stores “Bitcoin accepted” to show that their products may be purchased using Bitcoins.

4)      archive.org (Global Ranking 193) The Internet Archive, a website founded to create a permanent digital library through its preservation of other websites, earns its place here as the highest ranking nonprofit organization to make use of Bitcoins. As of early February 2013 they have been accepting Bitcoin donations and some employees have even accepted payment in Bitcoins as well.

5)      okcupid.com (Global Ranking 424) OkCupid is a free to use social networking and dating website that offers several ‘bonus features’ that can be unlocked though payment. Since April 2013 they have started to accept Bitcoins as payment for these bonus features.

6)      overstock.com (Global Ranking 699) Overstock.com is an online retailer that is based in the United States. Since late December 2013 the website has made public statements relating to their decision to now accept Bitcoins as payment.

7)      mega.co.nz (Global Ranking 706) MEGA is a website that proudly offers up to 50 GB of extremely secure online storage space for free. As of early February 2013 private package upgrades on the site can be purchased using Bitcoins.

8)      eztv.it (Global Ranking 1001) EZTV is an online website that you can use to watch any and all of your beloved TV shows. In response to the popularity of Bitcoins the website has been openly accepting Bitcoin donations since April 2013.

9)      4chan.org (Global Ranking 1010) 4chan is a website that consists of various image-based message boards that give users the ability to freely upload and share images and post comments. In late 2012 the website began accepting Bitcoins as payment for their premium subscription packages.

10)  namecheap.com (Global Ranking 1013) Namecheap is a humble website that offers services such as: registration of domain names, URL forwarding and SSL certificates. The websites has established Bitcoins as a method of payment since March 2013.

With the Bitcoin becoming more popular many websites have started to make use of the relatively new cryptocurrency and the benefits it holds. This list of the top 10 merchant websites is by no means a conclusive list, there are many more websites not listed here that have already taken the first step towards using Bitcoins.

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Sources

Reddit now accepts Bitcoins for reddit gold

WordPress.com now uses Bitcoins

Internet Archive and donations of Bitcoins

OKCupid says it will accept Bitcoin

Namecheap accepts Bitcoin payments

EZTV now accepts help via Bitcoins

MEGA and Bitcoin payments

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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