If you’ve ever wondered how to use Bitcoin for business, there’s no better time than the present to consider the opportunities available by accepting cryptocurrency payments. The benefits of doing so have already been realised by a growing number of businesses thanks to the upsurge in demand for services using this method of payment.
If you decide to go ahead and integrate Bitcoin into your website you’ll soon find yourself on track to maximise your business potential. As a first step, you will need to find a good Bitcoin payment processor, but it is also worth checking out some of the main advantages.
Benefits of Accepting Bitcoin
Offering your clients or users the means to accept Bitcoin and other cryptocurrencies is a great way to potentially increase your sales. The demand for Bitcoin and other crypto payments continues to rise, so it is little surprise to see them listed as a payment method on more and more websites. By adding this mode of payment, you can offer your existing customers a new way of paying and look forward to gaining new customers who are looking to pay for services in crypto.
Accepting Bitcoin and other types of crypto payments provides a discreet and secure way to pay, coupled with lower costs compared with more traditional modes of payments such as credit cards. In addition, it is not possible for crypto payments to be reversed once they have occurred, not forgetting too that there are no chargebacks.
How to Accept Bitcoin Payments
If you want to find out about how to accept bitcoin as payment, it is worth knowing from the outset that the technology which enables a business to accept Bitcoin and other crypto transactions is a cryptocurrency payment gateway. This is the technology which enables businesses to automate cryptocurrency payments and speed up the transaction while reducing the number of intermediaries that are involved. Blockchain technology allows for highly encrypted payments that are far more secure than the usual online payment gateways and transactions cost just a fraction of the amount in comparison.
Smart contracts are used to process, as well as verify, payments between the parties of the transaction. Due to their nature, smart contracts increase the transparency of the transaction and add a further element of security, making payments safer from attacks, as well as providing both businesses and end users with reassurance of the safest possible transactions.
If you are looking to become a Bitcoin payment merchant, cryptocurrency payment gateway, B2BinPay, is a well-known and reputable provider in this space, facilitating blockchain payments across the world.
What is B2BinPay?
B2BinPay is a cryptocurrency payment solution that permits businesses worldwide to send, receive, store, exchange and accept online crypto payments securely and safely at a reduced cost.
B2BinPay is used by many forex brokers, cryptocurrency exchanges, hedge funds, online stores and other merchants, who have successfully implemented the solution to enable global transactions between parties in crypto/crypto and crypto/fiat, for a lower cost compared with other types of online payment gateways.
As a Bitcoin payment merchant, you can enjoy the advantages of a range of features such as no recurring fees or hidden charges, low processing fees, downloadable reports, real time balance and transaction history and secure checkout.
Enterprise clients also get to benefit from a highly secure, reliable and scalable wallet with features including automatic withdrawals, secure API and sandbox environment for the 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 popular cryptocurrencies including bitcoin, bitcoin cash, ethereum, litecoin, dash, ripple, neo, nem, monero, B2BX and any ERC20 token. You will also benefit from 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.