An increasing number of merchants and enterprises are investigating how to receive bitcoin payments thanks to the upsurge in demand for online goods and services where cryptocurrency is accepted. Undoubtedly, if a business is able to offer crypto payments, both new and existing clients will consider it an added bonus to find bitcoin accepted as payment.
Accepting Bitcoin Payments
If you are looking to accept BTC payments on your website you’re not alone. There are thousands of businesses that now accept cryptocurrency thanks to the benefits that can be achieved by offering users this mode of payment.
Cryptocurrency payments are highly popular and businesses should not ignore this increasingly in-demand payment method. Not only is it great to be able to offer your existing clients another payment method, you will also be best placed to attract new customers which will ultimately have a positive impact on your business’s bottom line.
As well as the revenue aspect, accepting Bitcoin and cryptocurrency payments generally provides a secure way of payment with lower charges compared with more traditional payment methods such as credit cards.
Furthermore, once a transaction has taken place it is irreversible unlike other payment methods – and there are no chargebacks.
To start accepting Bitcoin and receiving other crypto payments, it is worth getting familiarised with a cryptocurrency payment gateway. This is the technology you will need to implement to enable you to accept crypto transactions. With this in place, you will be able to automate crypto payments quickly and conveniently while reducing most of the intermediaries involved. Blockchain technology makes for highly encrypted payments which are more secure than traditional online payment gateways and these are also enabled at a much lower cost.
The process involves the use of smart contracts which are used to deal with all steps of the payment including verification between the parties involved in the transaction. This increases transparency and adds a layer of security, so that both parties feel safe in the knowledge that payment transactions will be a safer process.
B2BinPay, is a well known global Bitcoin merchant processor which enables blockchain payments worldwide.
Enable Crypto Payments with B2BinPay
B2BinPay allows businesses across the globe to send, receive, store, exchange and accept cryptocurrency payments online, safely and securely at a low cost.
It is used by forex brokers, cryptocurrency exchanges, hedge funds, online stores and other merchants, as the go-to provider for global transactions for a fraction of the cost of traditional online payment gateways. Both crypto/crypto and crypto/fiat payment methods are available.
Accepting Bitcoin transactions and other cryptocurrencies is an easy process for merchants who get to benefit from a range of features including no recurring fees or hidden charges, low processing fees, downloadable reports, real time balance and transaction history and secure checkout.
Enterprise clients also reap the benefits of a highly secure, reliable and scalable bitcoin 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.
With B2BinPay, you can accept all the leading cryptocurrencies such as bitcoin, bitcoin cash, ethereum, litecoin, dash, ripple, neo, nem, monero, B2BX and any ERC20 token, and access 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.