How to accept Bitcoin and other cryptocurrencies is an aspect many businesses have been addressing in light of recent advancements in the crypto sphere. The clear advantages associated with accepting Bitcoin as payment cannot be ignored and for this reason, an increasing number of businesses have been looking to offer their clients or customers a cryptocurrency payment method.
Why Should You Accept Bitcoin?
There are a number of advantages to be gained by offering your clients a bitcoin automated payment system. Payment with bitcoin and other cryptocurrencies is more in demand than ever so adding them as a payment method offers existing customers a new way of paying and is a great way to gain new customers who want to pay for goods and services in cryptocurrencies. It is also an ideal way to boost revenues, making accepting cryptos a proposition that businesses cannot afford to ignore.
Accepting bitcoin along other types of crypto payments also allows users a discreet and secure payment method as well as the benefit of lower costs which are associated with alternative payment methods like credit cards.
Additionally, unlike other payment methods, after a crypto payment has taken place, it cannot be reversed, and of course, there are no chargebacks.
How to Enable Cryptocurrency Payments
The technology enabling businesses to accept Bitcoin and other cryptocurrency transactions is known as a cryptocurrency payment gateway. This technology allows businesses to automate crypto payments, making it as fast and convenient as possible while reducing the number of intermediaries involved. The use of blockchain technology means that payments are highly encrypted and more secure than traditional online payment gateways while global transactions are enabled at a fraction of the cost.
The technology involves the use of smart contracts which are used to negotiate and conclude and verify payments between parties involved in the transaction. Smart contracts also increase the transparency of the process and add a layer of security, providing both businesses and end users with peace of mind knowing that payment transactions are safer from attacks.
Cryptocurrency payment gateway, B2BinPay, is one of the leading players in this space, facilitating blockchain payments worldwide.
B2BinPay is a cryptocurrency payment solution which enables businesses across the globe to send, receive, store, exchange and accept cryptocurrency payments online, safely and securely at a low cost.
Regarded as an industry-leading Bitcoin processor, B2BinPay is used by many forex brokers, cryptocurrency exchanges, hedge funds, online stores and other merchants, enabling global transactions between parties for a lower cost than regular online payment gateways. B2BinPay offers both crypto/crypto and crypto/fiat payment methods.
Accepting bitcoin and other cryptocurrencies is very straightforward. Merchants get to benefit from features which include no recurring fees or hidden charges, low processing fees, downloadable reports, real time balance and transaction history and secure checkout.
Enterprise clients meanwhile, benefit from a highly secure, reliable and scalable wallet with features including automatic withdrawals, secure API and sandbox environment for development team, 888+ coins and tokens supported, advanced real-time reports and 24/7 technical support in 6 languages.
As well as being able to accept all the popular cryptocurrencies including bitcoin, bitcoin cash, ethereum, litecoin, dash, ripple, neo, nem, monero, B2BX and any ERC20 token, advanced reports with full transaction history, secure API, two payment modes: instant and daily payouts and 24/7 technical support in Chinese, English, Spanish, Russian, Arabic and Greek are all available.