Accept Bitcoin Cash Payments
Bitcoin Cash (BCH) is a hard fork of Bitcoin which came into effect in August 2017. Increasing fees on the Bitcoin network had contributed to a move by the community to create a hard fork to increase the block size to 8MB. The situation had previously favoured those who saw Bitcoin as a digital investment rather than as a transactional currency. After the hard fork was executed, the Bitcoin Cash upgrade made Bitcoin usable as cash again. In 2018 Bitcoin Cash subsequently split into two cryptocurrencies; Bitcoin Cash (BCH) and Bitcoin SV.
Bitcoin Cash transaction fees are very low and transaction times are fast. Its team of developers continue to carry out upgrades to make Bitcoin Cash the best payment method in the world. The decentralized development also keeps Bitcoin Cash resistant to political and social attacks on protocol development. With a strong roadmap, Bitcoin Cash’s future is bright and as a result, it is becoming a more popular payment method than ever.
Bitcoin Cash Gateway
Bitcoin Cash has cheaper transfer fees than Bitcoin at around $0.20 per transaction, so making transactions in this way saves money. For this reason Bitcoin Cash has seen an upward trend, making it the fourth ranked coin on Coinmarketcap.com. Bitcoin Cash also offers fast transaction times so it stands to reason that the numbers of people wanting to use BCH to make payments for goods or services has been rising.
To cater for the needs of those looking to accept Bitcoin Cash payments, there are special providers who specialise in facilitating the transaction process. This is enabled via a Bitcoin Cash gateway, a decentralised payment platform which allows merchants to accept Bitcoin Cash transactions at a lower cost, and faster than Bitcoin.
Bitcoin Cash API
Payment service providers have the ability to connect you to their platform using a Bitcoin Cash payment API which will enable you to integrate and accept Bitcoin Cash payments on your website. The payment API works by connecting a business’s checkout system to a payment acquiring network, allowing customers to make purchases without having to leave the website to process payments.
A business can also use this payment infrastructure to enable payments via a mobile app. This provides access to real-time purchasing data, allowing you to make more informed decisions, and is all-important when planning your business strategy.
Accepting BCH payments on your website will best place you to take advantage of the upward trends, not to mention take potential future consumers into account. By providing Bitcoin Cash as a payment option, you also have a great way to differentiate your business from the competition. Getting started is an easy procedure and the popularity and growth of Bitcoin Cash as a payment method has made integrating a merchant account a simple process. After undergoing an initial set up, you’re ready to start accepting Bitcoin Cash.
BCH Payment Provider
B2BinPay is a Bitcoin Cash payment provider/processor offering different solutions for Merchants and Enterprise clients. It enables businesses to send, receive, store, exchange and accept global cryptocurrency payments online, safely, securely and cost-effectively in minutes.
With B2BinPay, merchants can offer their customers Bitcoin Cash and more as a payment option. Features include low processing fees, no recurring fees, no hidden charges, real-time balance/transaction history, downloadable reports and secure checkout.
Enterprise clients can receive, store and send a large range of virtual currencies, including Bitcoin Cash. A secure, reliable and scalable wallet solution from a reputable, industry-leading cryptocurrency payment provider, features include secure API, automatic withdrawals for clients and a sandbox environment for development teams, over 888 coins and tokens supported and advanced real-time reports, together with 24/7 technical support in 7 languages including English, Chinese, Japanese, Arabic, Spanish, Russian and Greek.
Integrating B2BinPay is the ideal business choice for accessing the cryptocurrency markets quickly and facilitating global BTC, ETH, LTC and other crypto payments. Its expanding user-base includes over 100 cryptocurrency exchanges, forex brokers, online stores and a range of other merchants.